Tag #Economic Data

Showing 61 to 64 of 64 results

cnbc.com

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Jan 8, 16:09

Mortgage Rates Hit Highest Point Since July 2024, Causing Application Volume to Plummet

Mortgage application volume fell 3.7% last week due to a fourth consecutive weekly rise in rates, reaching 6.99% for a 30-year fixed-rate mortgage—the highest since July 2024; purchase applications dropped 7% weekly and 15% yearly, while refinance applications rose 2% weekly but fell 6% yearly.

Mortgage Rates Hit Highest Point Since July 2024, Causing Application Volume to Plummet

Mortgage application volume fell 3.7% last week due to a fourth consecutive weekly rise in rates, reaching 6.99% for a 30-year fixed-rate mortgage—the highest since July 2024; purchase applications dropped 7% weekly and 15% yearly, while refinance applications rose 2% weekly but fell 6% yearly.

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What is the immediate impact of the fourth consecutive weekly increase in mortgage rates on mortgage application volume?

Mortgage application volume decreased 3.7% last week, marking the fourth consecutive weekly rise in mortgage rates. The average 30-year fixed-rate mortgage reached 6.99%, its highest point since July 2024, further dampening already weak demand. Purchase applications specifically fell 7% week-over-week and 15% year-over-year.

forbes.com

🌐 85% Global Worthiness

Dec 16, 19:13

Weak Chinese Retail Sales Trigger Asian Equity Decline

Asian equities fell on Monday, November's retail sales in China grew 3%, missing expectations of 5%, despite strength in some categories. This sparked concerns regarding the need for further policy support.

Weak Chinese Retail Sales Trigger Asian Equity Decline

Asian equities fell on Monday, November's retail sales in China grew 3%, missing expectations of 5%, despite strength in some categories. This sparked concerns regarding the need for further policy support.

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Decent Work and Economic Growth

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How did the unexpected retail sales data affect investor sentiment, and what role did the Singles Day sales shift play in the market's reaction?

The underperformance of Chinese retail sales, despite positive performances in categories like autos (+6.6%) and online sales (+7.4% YoY), triggered market declines. The Singles Day sales shift likely distorted the November figures, and the unexpected data overshadowed positive economic signals from policymakers.

euronews.com

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Jan 8, 16:09

Sweden's Inflation Slowdown Fuels Rate Cut Expectations

Sweden's inflation cooled in December, with CPIF at 1.5% and CPI at 0.8%, fueling expectations of another interest rate cut by the Riksbank on January 28th, following five cuts in 2024, despite concerns about lagged effects of monetary policy.

Sweden's Inflation Slowdown Fuels Rate Cut Expectations

Sweden's inflation cooled in December, with CPIF at 1.5% and CPI at 0.8%, fueling expectations of another interest rate cut by the Riksbank on January 28th, following five cuts in 2024, despite concerns about lagged effects of monetary policy.

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What is the immediate impact of Sweden's slowing inflation rate on the Riksbank's monetary policy decision in January?

Sweden's inflation slowed in December, with CPIF reaching 1.5% compared to 1.8% in November. This slowdown is leading to predictions of an interest rate cut by the Riksbank on January 28th. The CPI, a broader measure, also cooled to 0.8% from 1.6% in November.

bbc.com

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Nov 23, 04:03

Reeves's Difficult Week: Lasting Damage?

Analysis of Chancellor Rachel Reeves's challenging week, focusing on criticism of her budget and past career claims, and their potential impact.

Reeves's Difficult Week: Lasting Damage?

Analysis of Chancellor Rachel Reeves's challenging week, focusing on criticism of her budget and past career claims, and their potential impact.

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What is the likely trajectory of the UK economy given the recent economic data and the government's planned policies?

The economic data and business concerns raise questions about the government's economic strategy. Reeves's ability to address these concerns will heavily influence public perception.

Showing 61 to 64 of 64 results