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New Construction Hits Wall of High Prices and Mortgage Rates in May
US News & World Report· 4 days agoPermits fell to a 1.386 million annual level, down from 1.44 million in April, while starts dropped to 1.28 million from 1.35 million a month earlier. The housing sector is facing an impasse ...
UK borrowing costs set to stay the same despite inflation hitting 2% target
Press Association News via AOL· 5 days agoHowever, financial markets have reduced bets of a rate cut happening in August, with some economists...
S&P 500 closes lower after record high, weighed by chips stocks, economic data
Reuters via Yahoo News· 5 days ago(Reuters) -The S&P 500 and Nasdaq closed lower on Thursday, as market bellwether Nvidia retreated...
Key Economic Data to Deluge Market This week
Zacks· 21 hours agoOne of the big reasons the Fed is reluctant to lower interest rates is because housing still has such pent-up demand, and lowering mortgage rates — which ...
Housing market seeks Fed rate-cut relief as sales slump
TheStreet.com· 4 days agoThe Commerce Department reported Thursday that new housing starts, which comprise both single-family homes and multifamily units, fell to the lowest levels since 2020 last month amid sky-high ...
Could high rates last forever? Bond markets think so
InvestmentNews· 15 hours agoTraders are now betting that may be enough for the Federal Reserve to start cutting interest rates as soon as September. “The significance is that when...
PM says ‘we’ve got there’ as inflation hits target, but summer rate cut in doubt
PA Media: Money via Yahoo Finance· 5 days ago“Prices have risen in the shops, mortgage bills are higher and taxes are at a 70-year high.” Liberal...
Uptick in inflation rate changes the Fed’s outlook - Charleston Business
Charleston Regional Business Journal· 7 days agoOnce a quarter the Federal Reserve updates its forecasts for GDP growth, inflation and interest...
Homebuilder stocks: Lennar, KB Homes reports offer hope for a bounce back
Bankrate via AOL· 3 days agoBottom line Ultimately, homebuilder stocks are navigating a complex landscape. While a cooling...
Bank of England keeps rates at 16-year high before UK election
Reuters via Yahoo Finance· 5 days agoLONDON (Reuters) -The Bank of England kept its main interest rate unchanged at a 16-year high of...