Sunday, December 22

Tag: Interest Rates

Corporate FDs vs Bank FDs: Which one should you opt for? Let’s compare | Business
13Apr By adminNo Comments
Business

Corporate FDs vs Bank FDs: Which one should you opt for? Let’s compare | Business

Senior Citizen Bank Fixed Deposit RatesBank NameInterest Rates (p.a.)Additional rates offered to Super Senior Citizen* (over and above to senior citizen rates)Highest slab1-year tenure (%)3-year tenure (%)5-year tenure (%)%TenurePRIVATE SECTOR BANKSAxis Bank7.8517 months to less than 18 months7.207.607.75---Bandhan Bank8.35500 days7.757.756.60---City Union Bank7.50400 days7.006.756.50---CSB Bank7.75401 days5.506.256.25---DBS Bank8.00376 days to 540 days7.507.007.00---DCB Bank8.6025 months to 26 months7.658.107.90---Federal Bank8.00500 days7.307.507.25---HDFC Bank7.755 years 1 day to 10 years & 18 months to less than 21 months7.107.507.50---ICICI Bank7.7515 months to 2 years7.207.507.50---IDFC First Bank8.50500 days7.007.757.50---IndusInd Bank8.251 year to 2 years8.257.757.75---Jammu &...
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ECB holds rates at record highs, signals upcoming cut
11Apr By adminNo Comments
Business

ECB holds rates at record highs, signals upcoming cut

FRANKFURT: The European Central Bank kept interest rates at record highs on Thursday but sent an even clearer signal that it may be preparing to cut them as euro zone inflation continues to fall. The central bank for the 20 countries that share the euro currency kept its deposit rate at 4.0%, where it has been since September as part of a 1-1/2-year effort to rein in prices. But, with inflation now close to the ECB's 2% target, bank lending at a standstill and the economy barely growing, the ECB dropped fresh hints about a possible cut at its next meeting. "If the Governing Council's updated assessment of the inflation outlook, the dynamics of underlying inflation and the strength of monetary policy transmission were to further increase its confidence that inflation is converging to the t...
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Inflation is sticking around. Here’s what that means for interest rate cuts — and your money.
11Apr By adminNo Comments
Money

Inflation is sticking around. Here’s what that means for interest rate cuts — and your money.

The war against inflation was never going to be easy, but the latest consumer price index data demonstrates just how tough a fight the Federal Reserve is facing. In the months ahead, the outcome of that battle will have major implications for your finances.New labor data shows that U.S. prices in March rose 3.5% from a year ago, hotter than economists expected and the third straight month that inflation has accelerated. Gasoline prices and rent contributed over half the monthly increase, the government said on Wednesday.The upshot: The Fed's ongoing campaign to tame inflation is far from over. That has left consumers and investors wondering if the central bank, who until recently were widely expected to cut its benchmark interest rate in June, could push back that timeline several months,...
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High FD rates of 8-9%: What should fixed deposit investors do as RBI keeps repo rate unchanged? | India Business News
5Apr By adminNo Comments
Business

High FD rates of 8-9%: What should fixed deposit investors do as RBI keeps repo rate unchanged? | India Business News

High Fixed Deposit Rates: If fixed deposits are your go to investment avenue, then the RBI monetary policy meet has good news for you. RBI governor Shaktikanta Das announced that the MPC has decided to keep the repo rate unchanged at 6.5%. This means that the higher interest rates offered by banks on FDs are unlikely to come down anytime soon.The last time RBI raised the repo rate was in February 2023, from 6.25% to 6.5%.This overall increase of 2.5% since the start of the repo rate hike cycle in May 2022 pushed fixed deposit interest rates to their highest level in the past 4-5 years. With the repo rate remaining unchanged now, depositors can continue to benefit from these high FD interest rates for a while longer.But how long will this period continue? Will the opportunity for depositor...
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When will the Fed cut rates? Maybe not in 2024, one Fed official cautions
5Apr By adminNo Comments
Money

When will the Fed cut rates? Maybe not in 2024, one Fed official cautions

Inflation expected to continue with no recession. Financial advisor provides tips on how to save Inflation expected to continue with no recession. Financial advisor provides tips on how to save 05:28 A Federal Reserve official on Thursday raised the possibility the central bank may not cut interest rates at all in 2024, deflating Wall Street's expectations that several reductions could be in store later this year. "If we continue to see inflation moving sideways, it would make me quest...
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2023 a mixed bag for Wall Street, U.S. economy
31Dec By adminNo Comments
Money

2023 a mixed bag for Wall Street, U.S. economy

2023 a mixed bag for Wall Street, U.S. economy - CBS News Watch CBS News It has been a blockbuster year for investors, with the Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite all up with double-digit gains. However, the Federal Reserve battled the worst inflation in decades with several rate hikes, and 2023 marked the worst banking crisis since 2008, with three major institutions collapsing. Astrid Martinez reports. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. ...
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The Fed Alone Can’t Make Gold Sparkle in 2024
29Dec By adminNo Comments
Money

The Fed Alone Can’t Make Gold Sparkle in 2024

Updated Dec. 29, 2023 4:23 pm ETOn the fifth day of Christmas my true love sent to me: five gold rings, which turned out to be much more expensive than a year ago. The key investment question is whether they will be worth even more by the time next Christmas comes around.New York gold futures closed at $2,062.40 an ounce Friday, ending the year with a 13.34% gain and very near the record close of $2,081.90 reached Wednesday. This snaps a two-year losing streak.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Personal Loan Statistics and Trends to Watch in 2024 | Personal Loans and Advice
29Dec By adminNo Comments
Money

Personal Loan Statistics and Trends to Watch in 2024 | Personal Loans and Advice

Consumers are increasingly turning to unsecured personal loans to achieve their financial goals, whether they want to knock out home improvement projects, consolidate high-interest credit card debt or simply pay for an unexpected car repair.Personal loan balances have ballooned – both at the individual borrower level as well as nationally – at a time when interest rates have also risen rapidly. Simply put, personal loans are getting larger and more expensive to repay. Meanwhile, more borrowers are becoming delinquent on their personal loan debt.Learn more about the personal loan trends from 2023 and how that will impact borrowers into 2024, according to a U.S. News analysis of industry data from TransUnion, Experian, the Federal Reserve and the National Credit Union Administration. Person...
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2024 Could Be the Year of the Yen
29Dec By adminNo Comments
Money

2024 Could Be the Year of the Yen

The Japanese yen has been one of the worst performing currencies of the past couple of years. It could do better in 2024.The yen has lost around 20% against the dollar since the end of 2021, underperforming other major currencies. Japan’s central bank kept its ultralow interest rates while most of its peers have been raising rates aggressively. Higher yields outside of Japan have driven the currency lower and lower.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Soft Landing Talk Prompts 1990s Flashbacks
28Dec By adminNo Comments
Money

Soft Landing Talk Prompts 1990s Flashbacks

Updated Dec. 28, 2023 4:11 pm ETTalk of a soft landing for the U.S. economy has investors dreaming of a 1990s-style boom soon afterward. A lot would have to go right for that to happen, but it isn’t as outlandish as it sounds.Examples of the economy escaping a tightening cycle from the Federal Reserve without entering a recession are few. Some cite the Fed’s rate cuts in 2019, though it is impossible to know how that would have ended without the pandemic. The most frequently mentioned example is a series of rate hikes in 1994. They wreaked havoc on markets that year, but were soon followed by the dawn of a golden period for both Wall Street and Main Street.  Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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