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Central banks
Economy

Central banks shelve guidance, in fits and starts, as inflation reigns

June 12, 2023 Mark Paul Cervantes Comments Off on Central banks shelve guidance, in fits and starts, as inflation reigns

Central bankers, who once considered obscurity central to their craft, are trying to wean the world from the predictability they’ve nurtured over 15 years of concrete guidance about their intentions and return to a time […]

International Monetary Fund
Economy

IMF urges Fed, central banks to keep tightening to reduce inflation

June 9, 2023 Mark Paul Cervantes Comments Off on IMF urges Fed, central banks to keep tightening to reduce inflation

WASHINGTON, June 8 (Reuters) – The International Monetary Fund on Thursday urged the U.S. Federal Reserve and other global central banks to “stay the course” on monetary policy and remain vigilant in combating inflation. IMF spokesperson Julie […]

zero lower bound
Economy

No escape from the zero lower bound for top central banks, IMF says

April 11, 2023 Mark Paul Cervantes Comments Off on No escape from the zero lower bound for top central banks, IMF says

WASHINGTON, April 11 of COVID-19, with advanced economies again within sight of the “zero lower bound” and developing countries seeing rates in steady decline, the International Monetary Fund said in a new analysis of whether […]

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U.S. Market

Rocket
Housing Wire

Rocket lost money last year, so why are its shares up?

February 25, 2024 Comments Off on Rocket lost money last year, so why are its shares up?

​ Rocket Companies, the parent of Rocket Mortgage, lost money in 2023, but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. Despite reporting […]

delinquency rates
Housing Wire

Industry experts are closely watching delinquency rates, insurance costs

February 25, 2024 Comments Off on Industry experts are closely watching delinquency rates, insurance costs

​ Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. Industry experts say that although there’s a correlation […]

Jobs
Economy

Jobs data sends mortgage rates higher

February 3, 2024 Comments Off on Jobs data sends mortgage rates higher

​ Today we got a jobs Friday hat trick! Better headline jobs were reported, with positive revisions and more robust wage growth, which caught bond traders off guard and sent bond yields and mortgage rates […]

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