interest rates

FTSE 100 Live: House prices down, Next buys collapsed retailer Joules | Pages Da

1669902781 Next, buy the ruined retailer Joules Collapsed local fashion brand Joules has been bought by retail rival Next, administrators said, in a deal that will see 133 staff made redundant. The retailer acquired about 100 Joules stores, with approximately 1,450 employees in those stores and the head office that moved as part of the …

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Smaller rate hikes are likely coming in December, says Fed Chair Powell | Focus Economy | Pages Da

Federal Reserve Chairman Jerome Powell said at an economic forum on Wednesday that the Federal Reserve may reduce the pace of its aggressive rate hikes as early as December. “The time to reduce the pace of rate hikes may come right after the December meeting,” he said in remarks at the Hutchins Center for Fiscal …

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Mortgage interest costs soar at rates we haven’t seen since the 1990s | Pages Da

Canadian mortgage interest costs in October rose at a pace not seen since the housing crash of the 1990s, suggesting worrisome headwinds for the country’s real estate sector. In October, interest costs rose 11.4 percent from a year earlier, the biggest increase since February 1991, when it was 11.7 percent, according to a recent report …

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