interest

How to make more money with your savings now that the banks are raising interest rates

How to make more money with your savings now that the banks are raising interest rates

The Federal Reserve has raised its key rate five times this year, most recently on Wednesday, as part of its ongoing efforts to slow the pace of inflation. The idea is that since the US central bank makes it more expensive to borrow money, the demand for goods and services will fall, causing prices to …

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European markets slide as investors digest more interest rate hikes;  BOE decision to come

European markets slide as investors digest more interest rate hikes; BOE decision to come

Swiss franc weakens significantly against dollar, euro and pound after rate hike The Swiss franc weakened considerably against the US dollar, the euro and the pound following the central bank’s decision to raise interest rates by 75 basis points to 0.5%. As of 9:30 a.m. London time, the dollar was up 0.9% against the Swiss …

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Teenagers get into vapes and weed, losing interest in booze and other drugs

Teenagers get into vapes and weed, losing interest in booze and other drugs

Photo: Shutterstock (Shutterstock) Teens have been using drugs less and less over the past few decades, with two notable exceptions, according to a new study this week. Reported levels of drug use have declined for most substances since the early 1990s, the study found, but rates of cannabis use and vaping have increased. The results …

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The Fed will keep interest rates above 4% beyond 2023, economists predict

The Fed will keep interest rates above 4% beyond 2023, economists predict

The U.S. central bank will raise its benchmark policy rate above 4% and hold it beyond 2023 in its bid to stamp out high inflation, according to the majority of leading academic economists polled by the Financial Times. The latest survey, conducted in partnership with the University of Chicago Booth School of Business’s Initiative on …

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Billionaire Ray Dalio warns stocks could plunge 20% if interest rates rise to 4.5%

Billionaire Ray Dalio warns stocks could plunge 20% if interest rates rise to 4.5%

Billionaire investor Ray Dalio gives his take on the latest global news and provides expert analysis on the state of the economy on ‘Cavuto: Coast to Coast’. Billionaire Ray Dalio, founder of one of the world’s biggest hedge funds, has warned stocks could fall even lower this year after warmer-than-expected August inflation data rattled markets …

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