U.S. Fed raises rates but signals possible pause to assess bank failures
As widely expected, the U.S. Federal Reserved raised its benchmark interest rate by 25 basis points on Wednesday.
Source: q107.com
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Markets week ahead: From Fed rate decision to key Q4 earnings, factors that may drive Sensex, Nifty
Ambuja Cements, Adani Enterprises, HDFC, Hero Motocorp, Tata Power Company, and Tata Steel are among the major companies that will announce their March quarter numbers in the upcoming week.
Source: businesstoday.in
LUNC Price drops by 5% as Bitcoin Slumps Closer to Its $25k Support
The LUNC price has dropped by 5% thanks to Bitcoin latest plunge to its $27k mark. Can Terra Classic make a comeback in 2023?
Source: insidebitcoins.com
Gold retreats to weekly loss on hawkish Fed
Spot gold dropped 1.3% to $1,978.39 per ounce by 11 a.m. ET (1500 GMT). U.S. gold futures fell 1.5% to $1,989.30.
Source: moneycontrol.com
FOXNEWS Tucker Carlson Tonight June 4, 2024 00:37:00
So if the fed rate is high you have a high base interest rate, effectively the price you can pay for the house drops because now you have to pay more interest, which means that, if you've got a fixed monthly payment, you can now afford to buy a house for less money. it effectively drops the prices of houses. >> tucker: yes. >> this is the kind of thing that tends to accelerate. so then you can get negative equity in the home market as well. and so if banks end up having loan losses in both their commercial and -- well they're definitely going to have loan losses in their professional portfolio...
Source: archive.org