Marcus by Goldman Sachs offers the highest 14-month CD rate at 4.10% APY amid broader declines in deposit account yields. The highest certificate of deposit rate available today stands at 4.10% APY, offered by Marcus by Goldman Sachs on a 14-month term. This comes as broad
Bank of England Governor highlights renewed Gulf hostilities as a key risk to economic stability amid UK growth concerns. Bank of England Governor Andrew Bailey stated that renewed hostilities in the Gulf region underscore ongoing global instability. His remarks came durin
The European Central Bank will test digital euro functionality with selected payment providers over 12 months starting mid-2027. The European Central Bank has chosen 36 payment service providers to participate in its digital euro pilot, set to begin in the second half of 2
Precious metals decline on inflation concerns and expectations of prolonged Fed tightening after Middle East tensions lift oil prices. Gold prices fell sharply on Monday, dropping below the $4,000 per ounce mark as rising oil prices fueled fears of persistent inflation and
Bitcoin and other major cryptocurrencies fell over 2% as traders priced in a 50% chance of a July Fed rate increase. Major cryptocurrencies declined by more than 2% in the past 24 hours as traders sharply increased bets on a Federal Reserve rate hike this month. The shift
The Bank of Japan's July 10 accounts outline foreign currency deposits, ETF holdings, and real estate-linked investments. The Bank of Japan published its July 10 accounts, detailing assets reserved for circulation and operational use. Holdings include foreign currency depo
July’s Westpac-Melbourne Institute index hits 83.9, rebounding from June’s decline but remains near historic lows amid mortgage rate concerns. Australian consumer sentiment increased 4.1% in July to 83.9, recovering from a 2.9% drop in June, according to the Westpac-Melbou
Traders now split on July rate hike Federal Funds Futures show 59% of traders expect a pause and 41% anticipate a hike. The shift follows comments from a Fed Governor warning about persistent inflation risks. The governor suggested rate hikes if inflation r
Rate hike odds rise to 41% after Waller's comments Fed Governor Chris Waller has reversed his stance on monetary policy, citing higher-than-expected inflation over the past several months. He noted that the next CPI report will be a useful signal, and if inflation com
The Federal Reserve is still expected by futures traders and prediction markets to maintain the status quo at its July meeting, leaving interest rates unchanged once again. However, it's going to be a close call The odds are rising Monday that the central bank makes
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