When Maggie moved to Las Vegas from Michigan with her family and bought a house in December of 2020, interest rates were incredibly low. “I think we got an interest rate at (2 or 2.2) […]
The Bank of England raised interest rates by half a percentage point Thursday, after data this week revealed surprisingly stubborn inflation. The move will pile pain on people with mortgages and put more downward pressure on house prices. […]
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 […]
(Bloomberg) — The Bank of Canada probably isn’t done raising interest rates. Whether they move now or in July, policymakers led by Governor Tiff Macklem are expected to resume their tightening campaign. About one in […]
Continuous inflationary pressure and higher interest rates will remain the main problem for the global economy next year, together with the overriding concern about longer-term growth prospects, the managing director of the International Monetary Fund […]
Here’s the good news. After its most aggressive interest rate hikes in 40 years, the Federal Reserve on Wednesday is expected to approve a final quarter-point increase and signal a long-awaited pause, economists say. The prospect of […]
WASHINGTON (AP) — The U.S. economy slowed sharply from January through March, decelerating to just a 1.1% annual pace as higher interest rates hammered the housing market and businesses reduced their inventories. Thursday’s estimate from […]
(Bloomberg) — Mexico’s inflation eased roughly in line with analysts’ expectations in early April as the central bank weighs ending a record monetary tightening cycle in Latin America’s second-biggest economy. Consumer prices rose 6.24% in […]
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