The US Federal Reserve interest rate was one of the financial world’s worst kept secrets. The Fed chair Janet Yellen had dropped hints for weeks that the rise was on the way in order not to spook the markets. Then, on cue, she announced hoisting the rate by 0.25% to0.5% – the first increase in … Continue reading Fed Interest Rate Rise And The New Normal
Yesterday evening, the Federal Reserve (the ‘Fed’) announced a rise in US interest rates for the first time in 9 years. While this was widely expected, having been continually signposted by the Federal Open Market Committee’s (‘FOMC’) members for some time, it finally removes any lingering uncertainty as to when the process of monetary … Continue reading US Federal Open Market Committee interest rate announcement
Do you know how much you spend each month – and more importantly what you spend the money on? Probably not. But maybe it’s time you took more notice of how you spend your cash by tracking expenses and making sure that you get value from money from every penny you do spend. The … Continue reading How Much Money Do You Waste Every Month?
Notable events over the last week US retail sales ticked up 0.2% in November on the back of a 0.1% rise the previous month, just shy of the 0.3% gain predicted. Performance was largely dampened by weak auto sales (down 0.4% in November after a 0.3% drop in October) and cheap oil. US core retail … Continue reading Weekly Market Update
Notable events over the last week The ECB dominated headlines last week underwhelming markets with its latest stimulus package, causing government bond prices to fall and the euro to jump in value. The Central Bank lowered its deposit rate by 10bps to -0.3% and pledged to extend its quantitative easing programme by at least six … Continue reading Weekly Market Update
Expats in some Gulf States are to lose some expensive perks as governments look to cut costs as the price of oil stagnates. Lawmakers in Bahrain are in discussions about scrapping electricity and water subsidies and stopping at least some free education for expat children. Meanwhile, in Kuwait, all visa fees are set to … Continue reading Gulf Expats Will Have To Pay For Perks
High earners do not have much time left to make the most of their pensions. The government is introducing two changes I April 2016 that will slash the size of pension funds and the amount of money the wealthy can contribute to a pension. The lifetime allowance has already dropped from £1.8 million in … Continue reading Clock Ticking On Pension Tax Breaks For High Earners
Notable events Following subdued trading over Thanksgiving in the US, attention this week is largely focused on the ECB meeting on the 3rd of December. Draghi and several board members have remained very dovish and signalled that the central bank is working on a number of different options to ease policy. Markets are now expecting … Continue reading Weekly Market Update