‘All eyes’ on interest rates as banks prepare to report earnings

Community banks’ second-quarter results are expected to show increased interest income and profits as the impact of aggressive Federal Reserve rate hikes becomes evident. But it’s not all good news — as rates climb further, depositors will begin to demand higher interest payments as well, eventually driving up banks’ costs. This would come on top of … Read more

Aggressive Interest Rate Hikes to Test Australian Consumer Might

Breadcrumb Trail Links PMN Business Australia’s central bank is all-but-certain to raise interest rates this week to slow accelerating inflation, piling pressure on consumers who are among the most indebted in the world. Author of the article: Bloomberg News Swati Pandey sau5cwniw7v)f5zniyhe4fx8_media_dl_1.png Bloomberg RSS Article content (Bloomberg) — Australia’s central bank is all-but-certain to raise … Read more

Guardian Capital Group Limited acquires majority interest in private wealth manager Rae & Lipskie Investment Counsel Inc.

This section is Partnership Content supplied The content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by GlobeNewswire Breadcrumb Trail Links GlobeNewswire Author of the article: Article content TORONTO, June 27, 2022 (GLOBE NEWSWIRE) — Guardian Capital Group … Read more

Stocks Break Out. There Are Signs Inflation and Interest Rates May Peak Sooner.

Text size A copper smelter in Jinhua, China. Copper prices, often a signal of where the economy is headed, fell 6% this past week. Top Photo/Sipa USA/Alamy The stock market has predicted nine of the past five recessions, economist Paul Samuelson famously quipped back in the 1960s. A half-century later, is the stock market driving … Read more

Interest in apartment investment weakens despite solid NOI growth

The US multifamily market saw a dramatic increase in net operating income (NOI) in the first quarter of 2022, Freddie Mac reported. However, the strong NOI gain (+19.8%) was canceled by accelerated property price growth (+21.1%) and higher mortgage rates (+41 basis points). As a result, Freddie Mac’s Multifamily Apartment Investment Market Index (AIMI) declined … Read more

Inflation drives surge in interest payments on UK public debt

Interest payments on UK government debt hit one of the highest levels on record last month as rising inflation limited an expected fall in public sector borrowing. Interest costs rose to £7.6bn in May, well above the figure for last year and higher than a £5.1bn forecast from the Office for Budget Responsibility, following a … Read more

Interest rate hike – reactions pour in

He added that the rate hike will also have the effect of slowing down HELOC activity: “For years, HELOC activity has been declining, and rate hikes will only accelerate that trend,” Gifford said. “Banks originating HELOCs have slowly constrained their lending criteria and made the qualification process stricter. Income, debt-to-income ratios, and credit score requirements … Read more