Home Prices Continued To Hit New All-Time Highs in July
Home prices reached an all-time high in July, but the growth rate is slowing compared to previous months.
Home Prices Soared Higher in February, Despite Increasing Mortgage Rates
Despite increasing mortgage rates, national home prices continue to rise significantly, driven by tight supply and rising buyer demand.
Experts say Trump's tariffs could corrode the already struggling luxury-goods market, which is expected to shrink for the first time since the Great Recession
Global sales of personal luxury goods are expected to shrink in 2025, potentially impacted by tariffs and global economic challenges.
Home Prices Continued To Hit New All-Time Highs in July
Home prices reached an all-time high in July, but the growth rate is slowing compared to previous months.
Home Prices Soared Higher in February, Despite Increasing Mortgage Rates
Despite increasing mortgage rates, national home prices continue to rise significantly, driven by tight supply and rising buyer demand.
Experts say Trump's tariffs could corrode the already struggling luxury-goods market, which is expected to shrink for the first time since the Great Recession
Global sales of personal luxury goods are expected to shrink in 2025, potentially impacted by tariffs and global economic challenges.
The Federal Reserve surprised markets with a 50 bps interest rate cut, but remains behind optimal rate targets.
Markets Fall In Response to Lackluster Jobs Report
The rise in unemployment to 4.3% triggers recession indicator Sahm Rule since it's at least half a percent higher than the 12-month low.
Experts are divided on the possibility of an impending recession, some believe the economy can recover while others see rising unemployment as a sign of economic contraction.
Dollar faces uncertainty - London Business News | Londonlovesbusiness.com
The Dollar is consolidating as markets anticipate Fed Chair Powell's pivotal speech on interest rate strategy.
Expectations in the markets ahead of new US labour data - London Business News | Londonlovesbusiness.com
Investors are anxiously awaiting labor market data on September 6, 2024, which will heavily influence economic policy and market stability.
Benchmark Mortgage Rate Drops along with Probability of a Hike
Mortgage rates dropped to 3.43%, down 5 basis points, approaching record low rates from 2012.
Refinancing activity surged by over 50% compared to last year, purchase activity increased by 6%.
Fed decision to keep target Federal Funds Rate steady led to a drop in rates and reduced probability of second rate hike.
Mixed NFP means markets want more cuts than they're likely to get - London Business News | Londonlovesbusiness.com
US labour market report adds uncertainty to Fed rate cut expectations, keeping markets on edge with a stronger inclination towards easing than likely to be delivered.
The Fed Pivot is Finally Here
The Federal Reserve surprised markets with a 50 bps interest rate cut, but remains behind optimal rate targets.
Markets Fall In Response to Lackluster Jobs Report
The rise in unemployment to 4.3% triggers recession indicator Sahm Rule since it's at least half a percent higher than the 12-month low.
Experts are divided on the possibility of an impending recession, some believe the economy can recover while others see rising unemployment as a sign of economic contraction.
Dollar faces uncertainty - London Business News | Londonlovesbusiness.com
The Dollar is consolidating as markets anticipate Fed Chair Powell's pivotal speech on interest rate strategy.
Expectations in the markets ahead of new US labour data - London Business News | Londonlovesbusiness.com
Investors are anxiously awaiting labor market data on September 6, 2024, which will heavily influence economic policy and market stability.
Benchmark Mortgage Rate Drops along with Probability of a Hike
Mortgage rates dropped to 3.43%, down 5 basis points, approaching record low rates from 2012.
Refinancing activity surged by over 50% compared to last year, purchase activity increased by 6%.
Fed decision to keep target Federal Funds Rate steady led to a drop in rates and reduced probability of second rate hike.
Mixed NFP means markets want more cuts than they're likely to get - London Business News | Londonlovesbusiness.com
US labour market report adds uncertainty to Fed rate cut expectations, keeping markets on edge with a stronger inclination towards easing than likely to be delivered.
Rishi Sunak hopes for inflation boost ahead of PMQs - UK politics - live
UK inflation may drop to near 2% target.
Why does California have the nation's highest unemployment rate? Three sectors were hit hard
California's unemployment rate was the nation's highest in February at 5.3% due to various job losses.
Job losses occurred in major sectors such as construction, trade, transportation, and consumer spending.
Germany's paralysis threatens European economy
Germany's economic forecast for 2024 sharply reduced from 1.3% growth to just 0.1% by major institutes.
Germany's economic struggles are impacting the rest of Europe due to its significant wealth contribution to the eurozone.
Ontario finance minister set to deliver 2024 budget | CBC News
Peter Bethlenfalvy to table Ontario's budget this afternoon
Observers predict a cautious budget from Ontario's Finance Minister
California's economy will see slow growth in 2024, economists say. Here's why
California's economy is expected to grow faster than the rest of the country, but uncertainties such as wars and high interest rates could hinder progress.
The UCLA Anderson School state forecast predicts slower growth for California due to uncertainties and a slower-growing U.S. economy.
EU states facing legal action over excessive debt DW 06/19/2024
EU member states like France, Italy, and Belgium face legal action over excessive debt accumulation post-COVID-19 and Russia's invasion of Ukraine.
U.S. Debt on Pace to Top $56 Trillion Over Next 10 Years
The U.S. national debt is projected to reach $56 trillion by 2034, with budget deficits expected to grow significantly over the next decade.