Tag #Interest Rates

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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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theglobeandmail.com
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Trump Renews Pressure on Federal Reserve for Sharp Interest Rate Cuts

President Trump publicly pressured Federal Reserve Chair Jerome Powell on July 8, 2024, to drastically lower interest rates to between 0.5% and 1.75%, citing significant economic losses, despite current low unemployment and inflation above the Fed's 2% target. This follows his previous calls for rat...

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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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dailymail.co.uk
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ANZ Cuts Fixed Mortgage Rates Ahead of Potential RBA Rate Cut

ANZ has slashed its fixed mortgage rates by up to 35 basis points, despite forecasting no Reserve Bank rate cut next week, in a move to attract fixed-rate borrowers and anticipate future rate reductions; this comes as other banks expect a rate cut on July 8th, and non-bank lenders offer even lower r...

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news.sky.com
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Trump Renews Attack on Fed Chair Powell, Hints at Replacements

President Trump called Federal Reserve Chair Jay Powell "terrible" and "stupid", suggesting four potential replacements amid ongoing pressure for interest rate cuts, while citing concerns about inflation caused by his trade policies.

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elpais.com
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Mexico Cuts Interest Rate Amid Economic Slowdown

Banco de México cut its benchmark interest rate by 50 basis points to 8%, its fourth consecutive cut this year, aiming to stimulate economic activity amid a slowdown and global uncertainties, despite inflation remaining above target; one board member dissented.

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theglobeandmail.com
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Wall Street Futures Edge Higher Amid Trade Uncertainty and Debt Bill

On Wednesday, Wall Street futures rose slightly amid ongoing US trade negotiations before a July 9 deadline and ahead of the June jobs report, while the Senate passed a massive tax-and-spending bill adding \$3.3 trillion to the national debt.

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theglobeandmail.com
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Canada's Economy Shrinks Amid US Tariffs

Canada's April economy shrank 0.1 percent, largely due to a major drop in manufacturing caused by US tariffs; President Trump ended trade talks and will impose blanket tariffs on Canadian goods next week in response to a new Canadian digital services tax.

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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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theguardian.com
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US Dollar Suffers Worst First Half in 50 Years Amid Trump's Policies

The US dollar had its worst first half since 1973, falling 10.8% against a basket of currencies due to concerns over President Trump's economic policies, including a trade war and a large budget deficit, while other markets, such as the UK, performed well.

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theguardian.com
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Trump's Potential Early Fed Chair Announcement Sends Dollar to Three-Year Low

The dollar dropped to a three-year low after reports that President Trump might announce Jerome Powell's replacement as Federal Reserve chair as early as this summer, sparking concerns about political interference in monetary policy.

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theguardian.com
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Australia's Inflation Eases, Rate Cut Expected

Australia's annual inflation rate eased to 2.1% in May, down from 2.4% the previous month, prompting expectations of a Reserve Bank interest rate cut in July to stimulate economic growth and provide relief to mortgage holders, although this could also increase property prices.

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Showing 445 to 456 of 1,742 results