The interest rate on the most popular U.S. mortgage fell to a 16-month low after Federal Reserve Chairman Jerome Powell signaled last week that the central bank is willing to cut borrowing costs next month to prevent the labor market from weakening further. The average interest rate on 30-year fixed-rate mortgages fell 6 basis points … Read more
Jackson Hole. Ahead of a meeting of bankers in Jackson Hole, Wyoming, Federal Reserve policymakers said Thursday that with inflation well below its peak, they are paying close attention to the U.S. labor market in gauging when to start cutting interest rates, with one saying they should act “soon.” “I think it’s appropriate to start … Read more
Interest rates on popular U.S. mortgages fell to a 15-month low last week after the Federal Reserve signaled it could begin cutting its policy rate in September and a shift to the downside in the labor market reinforced financial market bets that borrowing cost cuts would be significant. The Mortgage Bankers Association reported Wednesday that … Read more
A customer at a wholesale warehouse in Washington in January.MICHAEL REYNOLDS (EFE) Although the global stock market storm that shook the markets last week quickly subsided, concerns about a hard landing for the US economy persist and inflation is in the spotlight. Three indicators, the producer price index – which rose less than expected – … Read more
Federal Reserve Governor Michelle Bowman on Saturday slightly softened her typically hawkish tone, noting some “welcome” progress on inflation over the past two months, though she said inflation remains “uncomfortably above” the central bank’s 2 percent target and subject to upside risks. “If new data continue to show that inflation is moving sustainably toward our … Read more
Just when it seemed that Donald Trump, the Republican candidate for re-election in November, had abandoned the battering rams of inflation and the border to attack the Democrats, brandishing instead identity issues – the blackness of Kamala Harris – the collapse of the stock markets has brought him back to the economic terrain. In several … Read more
With all eyes on the Federal Reserve’s (Fed) monetary policy this week and rising overall inflation in Mexico, the exchange rate in Mexico remains under pressure due to risk aversion among investors. The political and macroeconomic front is taking its toll on the Mexican peso, which depreciated 0.64 percent this morning to trade at around … Read more
Merchants count on the Federal Reserve to carry its short-term rate of interest goal at 5.25-5.5 % subsequent week and wait till September to start a sequence of quarter-point cuts, following contemporary information exhibiting the U.S. financial system regained momentum final quarter. Merchants had beforehand estimated there was a 9 % likelihood the Fed would … Read more
Mexico Metropolis. With political points nonetheless within the foreground and awaiting future steps from the Federal Reserve (Fed), threat aversion stays in higher-risk property. That’s the reason the Mexican peso began the second half of the 12 months with losses in opposition to the greenback. The nationwide forex registered a each day depreciation of 0.43 … Read more
Washington. 12-month inflation in america fell greater than anticipated in Might, to three.3 % in comparison with 3.4 in April, a aid after the rebound initially of the 12 months, in response to the buyer worth index (CPI) revealed this Wednesday. Knowledge from the Division of Labor present that within the month-to-month comparability, in Might … Read more