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The Latest Breaking News from Interest Rates

Most Americans believe a recession on the horizon. Here’s how experts say to prepare for one

Seven in 10 U.S. consumers see an economic downturn ahead, assuming one hasn’t already started. But awareness doesn’t equal preparedness — two in three admit they aren’t ready for what they think is coming, according to a survey from MagnifyMoney, a personal finance website.

The Denver Post

Global economy to hit Thai tourism

The Tourism Authority of Thailand (TAT) forecasts revenue of 1.2-2.38 trillion baht next year, according to its new 2023 strategy, but this is likely to be challenged by global inflation and rising interest rates, with spending already taking a hit.

Bangkok Post

Mortgages set to rise with fears interest rates could top 2% to keep inflation under control

The warning comes from Michael Saunders a member of the Bank’s rate-setting Monetary Policy Committee, who claimed aggressive action was needed now

Chronicle Live

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read the most diverse news in one place.

3 Potential Bankruptcy Stocks to Sell or Avoid Completely in 2022

The Federal Reserve’s tightening of monetary policy to combat rising inflationary pressure is putting companies with heavy cash burn and little cash on hand at an increased risk of bankruptcy as costs of borrowing funds are set to rise. So, potential bankruptcy candidates Peloton Interactive (PTON), Carvana (CVNA), and Freshpet…

StockNews.com

View from The Hill: Chalmers warns he'll deliver bad news in parliament's first week

The first week of the new parliament will contain some depressing news, with Treasurer Jim Chalmers on Monday softening up the community to expect a “confronting” statement on the economy.

The Conversation

Nationwide increases interest rate to 5% on savings account

People who choose to switch to Nationwide’s FlexDirect will also benefit from a switching incentive

Liverpool Echo

UK interest rates could top 2% in next year, says Bank of England’s Saunders

Monetary policy committee member says Bank must act to prevent high inflation becoming embedded

The Guardian - UK

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Homeowners warned interest rates could soar over 2 per cent

Millions of homeowners have been put on notice of a higher than expected rise in interest rates over the next year as one of the Bank of England’s rate setters said they may have to be lifted to 2 per cent or higher to tame soaring inflation.

Evening Standard

Interest rates could hit 2% or higher in the next year, says Bank policymaker

Outgoing Monetary Policy Committee member Michael Saunders said increases ‘still have some way to go’ in order to get inflation under control.

The Independent UK

Federal Treasurer Jim Chalmers warns on budget outlook, New Zealand inflation surge hints at even bigger interest rate rises

Fresh inflation figures out of New Zealand sound a warning that the worst of price and rate rises may still be yet to come, says Australia's federal Treasurer as he warns Australians to brace for next week's "confronting" budget update.

ABC News

Jim Chalmers warns of ‘confronting’ inflation and wages forecast in July economic update

Treasurer says rising interest rates will affect economic growth but Labor has plans to provide cost-of-living support

The Guardian - AU

Chalmers says debt forecasts 'confronting'

Treasurer Jim Chalmers says the government debt forecast will be "confronting" for Australians as rising interest rates will affect the next budget update.

AAP

Lawsuit filed in High Court against TSB over mortgage interest rates

TSB says it will 'robustly defend' its position as lawyers call customers 'mortgage prisoners'

Birmingham Post

Housing developers' sentiment remains low in Q2

Despite improvement from the first quarter, sentiment among housing developers in Greater Bangkok in the second quarter remained low as inflation, higher interest rates and rising costs worried them.

Bangkok Post

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AAP

Aust economy to slow: Deloitte

The country's economy will chart a "middle ground" between recovering from the pandemic and continued uncertainty and rising interest rates and inflation.

The Guardian - UK

The US’s selfish war on inflation will tip the world into recession

As the Fed raises interest rates, dollar-denominated loans become an unsustainable burden to states around the globe

The Guardian - UK

Economics made simple: 10 experts on where the cost of living crisis came from, and where it’s heading

Rampant inflation, war in Ukraine, Brexit… we ask 10 experts to explain what the economic crisis means for Britain and how we should respond

Benzinga

5 Weird But Cool Investment Property Ideas

Investment properties have the potential to bring in substantial funds while also appealing to an owner’s level of financial risk tolerance. These properties are purchased to generate income and are typically not inhabited by the owner. When researching the various investment properties, consider how much time and attention you will…

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Tribune News Service

Turning point? Housing market is eroding quickly as buyers ‘look for better deals’

Higher interest rates have already rattled Wall Street and are now reaching Main Street.

Salon

Ali Velshi: Biden can't fix the economy

From sky-high food prices to rising interest rates, here's why we're heading into recession — and what happens next

Bangkok Post

Small banks start to offer fixed-deposit campaigns

Small banks have begun to launch new special fixed-deposit campaigns, offering higher interest rates as they predict an interest rate hike in the second half.

Evening Standard

First strong signs of slowdown in housing market

New buyer enquiries drop and interest rates are bound to increase

Asharq Al-Awsat

Israel Inflation Rate Seen Reaching 14-Year High of 4.5% In June

Israel's inflation rate in June is expected to reach its highest level in nearly 14 years and maintain pressure on policymakers to keep raising interest rates aggressively. The consumer price index (CPI) in June was likely 4.5% higher than a year earlier, according to a Reuters poll of economists. That…

Bangkok Post

Poll: Asian FX bear market firms, short bets rise on Thai baht

Bearish bets on nearly all Asian currencies firmed to new multi-year highs, as fears of an impending recession from rapidly rising interest rates to rein in sky-high inflation dampened sentiment, a Reuters poll showed on Thursday.

ABC News

Canada has raised interest rates by 1 percentage point. Could Australia follow?

As central banks scramble to fight inflation, with Canada's 100-basis-point interest rate rise the latest and largest move, a leading economist warns they may push the world into recession.

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