Tag #Interest Rates

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NS&I Cuts Savings Bond Interest Rates Amidst Economic Pressures

NS&I has cut interest rates on its British Savings Bonds, with two-year bonds dropping to 3.85% AER, three-year bonds to 3.88%, and five-year bonds to 3.84%; the Junior Isa rate fell to 3.55%. This reflects broader economic pressures impacting savers and investment strategies.

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abcnews.go.com
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Mortgage Rates Hit Lowest Point Since April, Offering Housing Market Relief

The average rate on a 30-year U.S. mortgage fell to 6.67% on Thursday, the fifth straight weekly decline and lowest since early April, potentially boosting the struggling housing market after a year of high rates and low sales.

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20% Bias Score

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smh.com.au
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US Stocks Surge to Record Highs on Unexpectedly Strong Jobs Report

Stronger-than-expected US job growth, adding 147,000 jobs in July, propelled US stocks to record highs, with the S&P 500 hitting an all-time high for the fourth time in five days; meanwhile, the Australian dollar weakened, and the Australian sharemarket is poised for a slight increase.

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40% Bias Score

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theglobeandmail.com
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Trump Administration to Replace Federal Reserve Chair Jerome Powell This Fall

Treasury Secretary Scott Bessent announced the Trump administration's plan to replace Federal Reserve Chairman Jerome Powell this fall, citing disagreements over interest rates and the impact of tariffs, despite the Federal Reserve Act stating that the Fed chair must devote their entire time to the ...

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smh.com.au
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Regional Australian Home Sellers Enjoy Massive Profit Gains Amidst Affordability Crisis

Australian regional home sellers enjoyed massive profit gains in the five years to March, with Noosa leading at \$378,250 median increase, driven by low interest rates and remote work trends; however, this created affordability issues for new buyers.

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themarker.com
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Wall Street Dips Amid Trade Uncertainty and Trump's Budget Approval

Wall Street closed with slight declines after two days of record highs amidst investor concerns over US trade negotiations and the progress of President Trump's budget bill, which the Senate approved 51-50; the dollar fell to its lowest level in over three years; the S&P 500 entered a 'golden cross'...

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theglobeandmail.com
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Toronto Home Sales Rise Despite Continued Price Declines

Toronto home sales rose 8.1 percent in June, continuing a three-month upward trend driven by lower prices and abundant inventory; however, sales remain 30 percent below the 10-year average, and the home price index fell 5.6 percent year-over-year.

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elpais.com
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Strong US Job Growth in June Defies Expectations, Reduces Rate Cut Probability

Despite President Trump's trade policies and pressure on the Federal Reserve, the US economy added 147,000 jobs in June 2023, lowering unemployment to 4.1% and making a July interest rate cut unlikely.

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40% Bias Score

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forbes.com
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Recession Risk Outweighs Lower Interest Rate Benefits for Businesses

A 45% probability of recession in the next 12 months has economists concerned, as historical data suggests that interest rate cuts, while mitigating, do not offset the negative impact of recession on interest-sensitive sectors like car and home sales.

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bbc.com
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Trump Demands Powell's Resignation Amidst Interest Rate Dispute

President Trump publicly demanded the immediate resignation of Federal Reserve Chair Jerome Powell, citing a call for his investigation and reiterating his long-standing criticism of Powell's interest rate policies, despite legal limitations on his ability to remove Powell.

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40% Bias Score

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cbsnews.com
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Mortgage Rate Outlook: Minimal Immediate Relief Expected Despite Declining Inflation

Despite speculation of mortgage rate relief following the Federal Reserve's June meeting, experts predict minimal immediate change due to inflation and a robust job market; however, buyers may find better negotiation opportunities and should consider the potential for home price appreciation.

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48% Bias Score

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smh.com.au
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Record High for ASX Despite Weak Retail Sales; Rate Cut Expected

The Australian sharemarket hit a record high (8597.70) on Wednesday despite weaker-than-expected retail sales growth (0.2% in May), fueling expectations of another interest rate cut. Several companies experienced significant share price changes, including Domino's (down 15.8%), Qantas (down 2.2%), a...

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Showing 421 to 432 of 1,727 results