June 27 (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian markets on Tuesday are set to open on the defensive, pressured by worries over inflation […]
The average price of two- and five-year fixed-rate mortgages in the UK has hit its highest level for seven months, putting further pressure on borrowers who are reaching the end of their deals. Data from […]
Mortgage rates are now hovering around 7 percent — the highest they’ve been since 2007 — thanks to the Federal Reserve’s efforts to tame inflation. Central bankers have lifted their official policy rate to about […]
New YorkCNN — Central bankers across the globe are delivering a message: Slow and steady won’t win the race against inflation. “If we don’t raise rates now, high inflation can stay with us for longer,” Bank […]
Resilience in the labour market and falling inflation point to diminishing risk of a US recession, Janet Yellen says Yellen and Chinese Premier Li Qiang are both attending an event in Paris on reforming global […]
(Bloomberg) — Rising mortgage payments are squeezing the finances of millions of borrowers in Britain, threatening to undermine household spending and the broader economy. The dream of a soft landing that would have the Bank […]
(Reuters) – If the Federal Reserve can steer the U.S. economy to a ‘soft landing‘, as seems to be the view gaining traction among economists and financial markets right now, President Joe Biden’s 2024 re-election […]
Paul Krugman sounded an optimistic note on the economy, saying recent news has been increasingly encouraging. The Nobel Prize-winning economist referred to falling inflation and noted there are no signs of a recession. He added, […]
Jay Powell is set to defend the Federal Reserve’s decision to forgo an interest rate rise at its recent policy meeting, but will signal that the battle against inflation is not yet finished, in remarks […]
Borrowers have been put on notice for further Bank of England interest rate rises after inflation in the UK unexpectedly remained stuck at 8.7% in May, adding to the pressure on households suffering a surge in mortgage […]
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