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Stocks fall and bond yields tumble after Fed’s latest interest rate hike

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Yields drop but stocks hold steady after Fed’s latest interest rate hike

Stocks have fallen sharply after the Federal Reserve indicated the end may be near for its economy-crunching hikes to interest rates, but it also does not expect to cut rates anytime soon despite Wall Street’s hopes. The S&P 500 fell 1.6% for its ...

22 Mar 2023 at 21:22

World

Wholesale inflation in US rises 2.2% in September

US wholesale prices rose last month at the fastest pace since April, suggesting that inflationary pressures remain despite a year-and-a-half of higher interest rates. The Labour Department reported on Wednesday that its producer price index — ...

11 Oct 2023 at 14:57

World

US Senate confirms Powell for second term as Fed fights inflation

The US Senate has confirmed Jerome Powell for a second four-year term as Federal Reserve chair, giving bipartisan backing to Mr Powell’s high-stakes efforts to curb the highest inflation in four decades. The 80-19 vote reflected broad ...

12 May 2022 at 20:55

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Rises in beef price must continue – IFA

IFA Livestock chair Declan Hanrahan said beef price rises of 10c/kg over the past week must continue. He said demand for beef in our key UK and EU markets is strong with supplies in these markets reducing for the year, creating real ...

30 Mar 2024 at 09:33

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Regenerative farmer to host unique farm walk in Dunkineely

Farming for Nature Ambassador Cathal Mooney is a regenerative farmer based at Gort Na Lec, Brenter, Dunkineely. Cathal of Heather Hill Farm takes a holistic approach to farming, focusing on ecological, social, and economical goals. ...

21 Jul 2022 at 14:33

World

US Federal Reserve attacks inflation with largest rate hike since 1994

The Federal Reserve has intensified its drive to tame high inflation by raising its key interest rate by three-quarters of a point — its largest hike in nearly three decades. The move the Fed announced after its latest policy ...

15 Jun 2022 at 21:07

Popular Derry food spot expanding to bigger premises

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01 Feb 2023 at 17:33

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