www.nytimes.com3 weeks agoBusinessThe Fed's Favorite Inflation Index Remained Stubborn in MarchInflation remains stubborn, delaying rate cuts and possibly keeping interest rates high for longer. [ more ]
www.nytimes.com3 weeks agoLeft-wing politicsHigh Borrowing Costs Have Some Democrats Urging Biden to Pressure the FedSky-high mortgage rates are affecting American consumers and could impact President Biden's re-election prospects. President Biden faces pressure to urge the Federal Reserve to cut interest rates to tackle the challenges posed by elevated borrowing costs. [ more ]
www.independent.co.uk2 months agoUK newsAnnual growth in house prices turns positive for first time in over a yearHouse prices in the UK increased by 1.2% annually in February, marking positive growth after a year. Borrowing costs decreased, prompting an uptick in the housing market, but the future remains uncertain due to rising swap rates. [ more ]
www.independent.co.uk3 months agoUK newsHunt rows back on tax cuts, as Bank of England warns wage inflation still too highChancellor Jeremy Hunt downplays expectations of tax cuts in upcoming Budget Bank of England warns of persistent inflation and holds interest rates steady at 5.25% [ more ]
WSJ4 months agoBusinessBank Earnings Season Is About to Start. Here's What to Expect.Big banks performed well in 2023 despite rising interest rates. Households and businesses continued to spend and borrow, benefiting the biggest banks. [ more ]
www.nytimes.com2 weeks agoBusinessHow the High Cost of Borrowing May Skew the Presidential RaceHigher borrowing costs are causing financial anxiety for entrepreneurs, potentially impacting voting decisions in battleground states like Georgia. [ more ]
www.cbc.ca1 month agoCanada newsToronto-area home sales down in March, competition hikes prices up: board | CBC NewsHome sales in Greater Toronto Area down 4.5% from last year. Average home price rose 1.3% year-over-year amidst buyer competition. Affordability remains a challenge for prospective buyers in Toronto. [ more ]
SFGATE1 month agoSF real estateUS home-price growth picks up with 'healthy gains' across citiesHome prices in the US grew at the fastest rate since 2022, putting pressure on buyers. Inventory remains low, keeping prices high despite recent rise in homes listed for sale. [ more ]