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Auto sales expected to decline due to interest rate hike

October 3, 2022 by magbia

JD Power and LMC Automotive Project’s total new vehicle sales will reach 1,120,279 units in September, up 12 per cent from a year ago.

“While the holiday promotions were almost

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Categories Auto Tags auto, decline, due, expected, hike, Interest, rate, sales

Live news updates: Lagarde says ECB plans multiple rate hikes to reach ‘neutral’ level

September 28, 2022 by magbia

The offshore renminbi exchange rate fell to a record low on Wednesday, increasing pressure on China’s central bank to intervene directly to prop up the country’s currency.

The offshore rate

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Categories Business Tags ECB, hikes, Lagarde, level, Live, Multiple, neutral, News, plans, rate, reach, updates

More mortgage providers pulled deals on fears of rate hikes. business News

September 27, 2022 by magbia

Two of the biggest mortgage providers have suspended mortgage deals after the Bank of England indicated it would raise interest rates after the chancellor’s mini-budget to rein in inflation.

Santander

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Categories Business Tags Business, deals, fears, hikes, mortgage, News, providers, pulled, rate

Fed officials called for more rate hikes to fight inflation. business News

September 27, 2022 by magbia

WASHINGTON (AP) – The Federal Reserve will have to raise its benchmark interest rate to a point that drives unemployment and keeps inflation below unusually high levels, two officials said

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Categories Business Tags Business, called, Fed, fight, hikes, inflation, News, Officials, rate

S&P forecasts India’s GDP growth rate at 7.3 per cent in the current fiscal

September 26, 2022 by magbia

  1. House
  2. Business
  3. S&P forecasts India’s GDP growth rate at 7.3 per cent in the current fiscal

The Asian Development Bank has lowered the estimate to 7 per cent from the

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Categories Business Tags cent, current, Fiscal, forecasts, GDP, growth, Indias, rate

Fed gets bigger with latest rate hike; Powell vows to ‘keep it up’

September 21, 2022 by magbia

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  • Fed raises target interest rate to 3.00%-3.25% range
  • Forecasts show the possibility of another big increase by the end of the year
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Categories World Tags bigger, Fed, hike, Latest, Powell, rate, vows

US stocks rise ahead of interest rate hike | business News

September 19, 2022 by magbia

NEW YORK (AP) – Shares rose in early morning trading on Wall Street on Monday as investors flocked to the Federal Reserve for another big interest rate hike this week.

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Categories Business Tags ahead, Business, hike, Interest, News, rate, rise, Stocks

Utah’s unemployment rate remains stable; County rate at 1.8% | News, Sports, Jobs

September 16, 2022 by magbia


Isaac Hale, Daily Herald File photo

The administrative offices of the Utah Department of Workforce Services are pictured Thursday, March 26, 2020, in Salt Lake City.