January 17, 2024
“…U.S. central bankers want more confirmation that inflation is on a firm path toward their 2% goal before they reduce the policy rate, now in the 5.25%-5.5% range…” https://finance.yahoo.com/news/traders-pare-bets-fed-cut-134748735.html What happened? I thought the FED was going to cut interest… Continue Reading…
January 17, 2024
“…The figures show the Federal Reserve is facing a bumpy path to tame inflation, which risks staying elevated in coming months should prices of goods, such as clothing and cars, continue to climb. Fed policymakers and Wall Street economists have… Continue Reading…
January 16, 2024
“…The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 6.81% from 6.76%, with points remaining unchanged at 0.61 (including the origination fee) for loans with a 20% down payment. That rate… Continue Reading…
January 2, 2024
“Last week, the Federal Reserve indicated that it will keep pushing the pause button on interest rate hikes, and that it expects to cut interest rates next year. That’s been cause for celebration on Wall Street, where high interest rates… Continue Reading…
November 29, 2023
“Wall Street and Europe’s main stock markets mostly climbed Wednesday as traders ramped up bets on the US Federal Reserve cutting interest rates in the new year after a top official sounded an optimistic note on the battle against inflation…”… Continue Reading…
November 14, 2023
“…Wise reported revenue of £498.2 million, up 25% year-on-year, in the half-year ended on Sept. 30, 2023. Including interest income, the company’s total income stood at £656 million for the period, up 58% year-on-year. Before tax, company profit came in… Continue Reading…
October 30, 2023
“Turkey’s central bank on Thursday hiked its key interest rate from 30% to 35%, in an ongoing bid to rein in inflation. The move was in line with expectations of economists polled by Reuters. The central bank said price rises… Continue Reading…
October 17, 2023
“… Why it matters: An upward shift in long-term interest rates is putting the government on track to spend much more on interest payments in the coming years than was anticipated just a few months ago. …” https://www.axios.com/2023/10/16/interest-rates-federal-debt Long story short… Continue Reading…
October 4, 2023
“…Mortgage rates just continue to climb higher, taking a particularly big leap last week. As a result, total mortgage demand fell 6% compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index… Applications for a mortgage… Continue Reading…
September 27, 2023
“A “soft landing” for the U.S. economy is more likely than not, Minneapolis Federal Reserve Bank President Neel Kashkari said on Tuesday, but there is also a 40% chance that the Fed will need to raise interest rates “meaningfully” to… Continue Reading…
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