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INTEREST RATE ADJUSTMENTS
Social Security COLA 2027: Could your bigger benefit mean a higher tax bill? What retirees should checkThe Social Security Administration announces the 2027 cost-of-living adjustment on Oct. 14. Most forecasts land between 3.2% and 3.6%. Fede...
IMF chief urges US and wealthy nations to rein in debt to ease global economic pressureThe International Monetary Fund emphasized the urgent need to address rising global debt impacting low-income countries. IMF Managing Direc...
Global Market: IMF urges governments to cut spending, reduce debt as borrowing costs riseThe IMF has urged governments worldwide to rein in spending, narrow budget deficits and reduce debt as global public debt approaches 100% o...
AI boom lifts China, India as global trade growth accelerates, IMF saysSilvana Tenreyro, the IMF's new chief economist, highlighted the robust growth in AI-related trade. This growth has significantly outpaced ...
Global Market: Hong Kong dollar nears weak side of trading band, raising prospect of HKMA interventionThe Hong Kong dollar neared the weak end of its trading band against the US dollar, raising the possibility of Hong Kong Monetary Authority...
Mortgage hedging adds selling pressure to US Treasury market as yields surgeRising US Treasury yields and mortgage rates have triggered increased mortgage-related hedging, adding selling pressure to the bond market....
Economics Nobel 2026 winners: Who are Robert E Hall and Michael Woodford, and why their research is significant | An explainerEconomists Robert E. Hall and Michael Woodford won the Economics Nobel, known formally as the Sveriges Riksbank Prize in Economic Sciences ...
US Market: Four warning signs that bond selling could intensifyUS Treasury yields have hit two-decade highs, driven by Middle East conflict risks and fiscal concerns. Key indicators including rising opt...
Global Market: Singapore likely to tighten monetary policy as growth and inflation risks mountSingapore’s central bank is widely expected to tighten monetary policy on October 14 as resilient economic growth and rising inflation risk...
Global Market: Wall Street in focus as US jobless claims ease amid Fed rate uncertaintyUS jobless claims fell to 197,000 last week, below expectations, signalling low layoffs despite sluggish hiring. The data keep the Federal ...
Rupee is undervalued, not unmoored: RBI must ride out global market turbulenceThe rupee’s weakness reflects global capital-flow turbulence rather than a deterioration in India’s economic fundamentals, with its inflati...
Paying off student loans? Deduct up to $2,500 in interest on your 2026 return, but watch the income limits that could cut it off earlyStudent loan borrowers may get a valuable tax break in 2026. The IRS still allows eligible taxpayers to deduct up to $2,500 in student loan...
US weekly jobless claims fall as layoffs remain lowClaims have held near 57-year lows for four straight weeks, consistent with what economists said remained a "low-hire, low-fire" labor mark...
NFO Insight: Aditya Birla Sun Life Financial Services Sectoral Debt Fund opens for subscription. Is it the right time to invest?Aditya Birla Sun Life Mutual Fund has launched a sectoral debt fund focused on financial services, with relatively high interest rate risk ...
Social Security 2027 COLA: October 14 decision nears as inflation data points to a 3.6% increase, but what could it actually mean for your monthly check?Social Security 2027 COLA date: The Oct. 14 announcement will settle the 2027 Social Security COLA. Current estimates point to roughly 3.4%...
PNB, Kotak Mahindra Bank, other bank stocks rise up to 2% after RBI’s rate hike, Nifty Bank above 55,500Bank stocks including Kotak Mahindra Bank, PNB, Union Bank and Canara Bank gained up to 2% after the RBI rose on Monday after the repo rate...
Is America’s $40 trillion debt driving Treasury yields above 5% as interest costs hit $1 trillion and overtake defense spending?America’s debt has crossed $40 trillion, with roughly $1 trillion added in only five months. A 10-year Treasury yield of 5.04% has made new...