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Switzerland is keeping rates at 0% — for now
Source: CNBC
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CNBC
Oil prices rise sharply as investors seek progress on U.S.-Iran talks
Oil rose Thursday, as traders assess a report that Asia is on track to import its highest volume of crude oil since the start of the US-Iran war.
The Guardian
Global bond sell-off deepens amid fears US economy may be running too hot – business live
Rolling coverage of the latest economic and financial news Britain is at risk of worrying spillover effects from US yields on UK’s cost of borrowing, warns Professor Costas Milas, of the management school at the University of Liverpool. He tells us: The increase in U.S. yields poses a problem for the UK because, as I have shown in my recent SSRN paper on Quantitative Tightening more than half the increase is passed on to UK yields. The good news is that the BoE has somewhat hedged against this by pausing, until April at least, active QT. The bad news, of course, is that the government’s “fiscal headroom” is diminishing rapidly which will agitate markets and add further pressure on UK’s cost of borrowing. After years of low rates, cheap money, inflated expectations, and speculation, the whole edifice of modern markets are vulnerable to a corrective reset. It could shake every financial as
CNBC
Global debt tops $365 trillion as economists sound alarm over 'vicious cycle'
More is being paid out by advanced economies in debt interest than the whole world spends on AI, defense or clean technology.
CNBC
Treasury yields continue to rise after 10-year hit 19-year high as investors ramp-up rate hike bets
U.S. Treasury yields continued their upward momentum after hitting a 19-year high on Wednesday.
CNBC
Tehran criticizes Canada for not condemning Trump's threat to destroy Iran
Baqaei said that Carney chose to appease Washington by reframing a threat to "annihilate" Iran as merely "speaking the language of war."
CNBC
Judge lifts Trump ban on CNN, MS NOW, Politico from White House
District Judge Tim Kelly said the three outlets should have their access immediately restored from the ban that the president had announced on Sept. 18.