Hike and pause *FED RAISES BENCHMARK RATE 25 BPS TO 5%-5.25% TARGET RANGE *FED OMITS PRIOR LANGUAGE THAT SIGNALED MORE HIKES AHEAD — zerohedge (@zerohedge) May 3, 2023 View post on imgur.com The Federal Reserve raised its key interest rate …
by confoundedinterest17 Cry for Argentina! Their central bank boosted its benchmark Leliq rate by 300 basis points to 78%. The monetary authority’s board considered the increase in response to accelerating inflation and after leaving the key rate unchanged for several …
by Boo_Randy More extend & pretend by the PBOC. https://www.marketwatch.com/story/china-cuts-benchmark-loan-prime-rate-to-boost-faltering-economy-271661131554?mod=mw_latestnews China cut its benchmark loan prime rate on Monday, a move that will provide more support for the slowing economy after the central bank lowered two other key policy rates …
Libor Scandal Gets Older and Uglier for Banks Societe Generale SA’s deputy CEO has abruptly left the French bank. The cause appears to be the decade-old Libor scandal. With much still unclear, the takeaway for investors is troubling. Didier Valet has left without …
BY SRSROCCO As Americans place a record amount of bets into a stock market that continues to rise towards the heavens, few realize how much the Dow Jones Index is overvalued. While some metrics suggest that the Dow Jones Index is …