New York financial markets experienced sharp volatility as U.S. and European rate hike expectations intensified, with 2-year Treasury yields surging nearly 20bp before paring gains on Netanyahu's comments suggesting Iran's nuclear capability has been destroyed and war could end sooner than expected
#YonhapInfomax #InterestRateHikes #FederalReserve #TreasuryYields #MiddleEastConflict #DollarIndex #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=111050
Bank of Japan Deputy Governor Ryozo Himino states past rate hikes have had limited impact, with real rates still significantly negative and monetary policy remaining accommodative despite December's rate increase, while pledging gradual shift toward neutral stance
#YonhapInfomax #BankOfJapan #InterestRateHikes #MonetaryPolicy #RyozoHimino #DollarYenExchangeRate #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=107536
BOJ Deputy Governor Says Impact of Past Rate Hikes 'Limited So Far'

Bank of Japan Deputy Governor Ryozo Himino states past rate hikes have had limited impact, with real rates still significantly negative and monetary policy remaining accommodative despite December's rate increase, while pledging gradual shift toward neutral stance

Yonhap Infomax
Japanese stocks open lower as BOJ rate hike concerns and yen strength weigh on market sentiment, with defense stocks in focus amid global military spending shifts
#YonhapInfomax #JapaneseStockMarket #BankOfJapan #YenStrength #DefenseStocks #InterestRateHikes #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=51511
Japanese Stock Market Opens Lower on Interest Rate Hike Concerns and Yen Strength; Defense Stocks in Focus

Japanese stocks open lower as BOJ rate hike concerns and yen strength weigh on market sentiment, with defense stocks in focus amid global military spending shifts

Yonhap Infomax
US stock market faces potential correction with interest rate hikes identified as the primary threat, alongside job market deterioration and global shocks
#YonhapInfomax #InterestRateHikes #StockMarketCorrection #SP500 #InflationConcerns #MarketRisks #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=50908

Australia's banking system is rigged in favor of the big banks, leading to record profits for them while everyday Aussies struggle with rising interest rates and mortgage repayments. The lack of competition in the banking sector allows banks to pass on costs to borrowers without sharing the benefits with savers, resulting in a massive transfer of wealth from the average punter to bank CEOs and shareholders
#BigBankProfits #AussieMortgageCrisis #BankingReform #InterestRateHikes
#RiggedBankingSystem #WealthTransfer #CostOfLivingCrisis #BankingCompetition
#CorporateGreed #CBA #westpac #NAB #ANZ

https://www.youtube.com/watch?v=ikOoNMTSH1c

Australia's RIGGED Housing System: Can the USA help us Fix it? | Punters Politics

YouTube

A succession of doctors attended Washington, each one bleeding him, until *more than half* of Washington's blood had been extracted, whereupon the country's father died:

https://timharford.com/2023/11/cautionary-tales-george-washingtons-beard-of-beetles-with-the-dollop/

Today, a different kind of quack is given free rein to bleed another Washington: central bankers like #JeromePowell sit in DC, bleeding the economy with #InterestRateHikes, in the name of preventing #inflation:

https://pluralistic.net/2022/12/14/medieval-bloodletters/#its-the-stupid-economy

5/

Cautionary Tales – George Washington’s Beard of Beetles, with The Dollop

Cautionary Conversation: Just before Christmas 1799, President George Washington was riding around his country estate, Mount Vernon, when it began to snow. When he arrived home, guests were waiting…

Tim Harford

US #Fed pauses interest rate hikes amid rising bond yields - World Socialist Web Site

#InterestRates #InterestRateHikes #BondYields #GlobalBankingCrisis

https://www.wsws.org/en/articles/2023/11/02/qoxf-n02.html

US Fed pauses interest rate hikes amid rising bond yields

Interest rate payments on US debt will grow as yields rise and budget deficit increases.

World Socialist Web Site
@kevinrns Let’s fix it! We need to both demand higher wages AND make sure excessive inflation is discouraged by using #antiTrust laws to break up #MonopoliesAndCartels (so that there is price competition - I strongly believe this is a more ethical solution for inflation compared to excessive #InterestRateHikes ). #Unions #SupportUnions #RaiseTheWage #FightFor15 #FightFor18 #FightFor20 #RaiseTheMinimumWage #USPolitics #BreakUpMonopoliesAndCartels #FightInflation #inequality #economics
How much more proof is needed that this “government” needs to go? #NHS on its knees; #costofliving soaring; people at risk of losing homes due to #interestratehikes and yet those “in charge” can only make EMPTY PROMISES 🤬 #SomethingsGottaGive https://www.theguardian.com/society/2023/jul/12/rishi-sunaks-nhs-waiting-times-pledge-impossible-if-strikes?CMP=Share_iOSApp_Other
Sunak won’t meet NHS waiting times pledge if strikes continue, warn health bosses

Junior doctor leaders have threatened to keep up industrial action until spring unless they receive a ‘credible pay offer’

The Guardian

The relative abundance of jobs is considered bad news in the perverse logic of financial markets because it makes further interest rate increases by central banks more likely.

#InterestRateHikes #Inflation #GlobalFinancialCrisis #FinancialCrisis

Global markets fall on reports of better than predicted hiring - World Socialist Web Site

https://www.wsws.org/en/articles/2023/07/07/qjrz-j07.html

Global markets fall on reports of better than predicted hiring

Payroll firm ADP reported 497,000 new jobs in June, more than double previous estimates, provoking fears on Wall Street of further interest rate increases.

World Socialist Web Site