Topline The stock market jumped on Wednesday after the Federal Reserve raised interest rates by 75 basis points for the second consecutive month in a row, with Fed Chair Jerome Powell hinting that the...
Tag: Rates
How portfolios are shifting as the Federal Reserve hikes rates again
The Good Brigade | DigitalVision | Getty Images Here’s how portfolio allocations have shifted “We’re attempting to address both inflation and recession concerns,” said certifie...
Bitcoin Up as Fed Announces 0.75 Points Rates Hike
Key Takeaways The Federal Reserve is hiking interest rates by another 75 basis points. The rate hike comes after the Consumer Price Index revealed that inflation had hit a 40-year high of 9.1% in June...
Fed Raises Interest Rates By 75 Basis Points Again As Investors Brace For Recession
Topline The Federal Reserve on Wednesday doubled down on its most aggressive economic tightening campaign in nearly three decades to help temper the nation’s stubbornly high inflation, raising i...
The Fed will cut rates next year, says BofA. Here’s what will happen to Treasurys.
All eyes will be on the Federal Reserve on Wednesday. The central bank is widely expected to continue the fast pace of monetary tightening with another 75 basis-point hike in borrowing costs. But even...
Pending Home Sales Plunge In June As Demand Is Weighed Down By Surging Mortgage Rates
Topline Pending home sales—a leading indicator for housing market activity—plunged by a more than expected 20% in June compared to a year ago, according to new data from the National Association of Re...
Pending home sales fell 20% in June as mortgage rates soared
A “Sale Pending” sign outside a house in Discovery Bay, California, on Thursday, March 31, 2022. David Paul Morris | Bloomberg | Getty Images Signed contracts to purchase existing homes dr...
Mortgage demand declines further, even as interest rates drop a bit
A prospective home buyer is shown a home by a real estate agent in Coral Gables, Florida. Joe Raedle | Getty Images Mortgage demand edged lower for the fourth straight week, according to data released...
After Fed Raises Interest Rates Wednesday, Investors to Look for Clues About What’s Next
After the Federal Reserve lifts its benchmark interest rate on Wednesday, attention will turn to what Chairman Jerome Powell says about a rate increase at the central bank’s meeting in September. The ...
Inflation Rates to be Normalised in 2023, Will this Ignite a Bitcoin Bull Market?
The FOMC meeting is fast approaching and the entire world is pretty much eager to know the updated inflation rates. The rates in the past 2 months have broken the record of being the highest in the pa...
Why does the Fed raise interest rates? And how do those hikes slow inflation?
As Americans brave record inflation, the Federal Reserve is continuing its efforts to rein in prices by jacking up interest rates. The release of the Consumer Price Index earlier this month revealed t...
US Growth Is Looking Sickly as Fed Keeps Hiking Rates: Eco Week
(Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Most Read from Bloomberg The world’s largest economy remained in a precarious posit...
With mortgage rates nearly doubling since last year, it’s ‘increasingly clear’ a correction is coming
With mortgage rates nearly doubling since last year, it’s ‘increasingly clear’ a correction is coming The interest rate on America’s most popular home loan moved higher this week amid record-high infl...
YouHodler Review: Still the Best Rates and Many Features
Hailing from Switzerland, YouHodler prides itself as a next-generation fintech platform where users can make the most out of their crypto stash. It is a cryptocurrency exchange and lender where you ca...
Funding Rounds with Hashflow and Kucoin, European Central Bank Hikes Interest Rates, Coinbase’s Ex-employee Arrested for Insider Trading
Funding rounds continued as Hashflow raised $25 million, while Kucoin received a $10 million strategic investment. Ex Coinbase employee arrested for insider trading, while the ECB hikes interest rates...
Fed can’t stop hiking interest rates even if there is a recession, former top central banker says
The Federal Reserve has to emulate Mario Draghi and do “whatever it takes” to bring inflation down and that means continuing to raise interest rates even if there is a recession, said former Richmond ...
4 conclusions after the ECB hiked the interest rates for the first time in 11 years
The European Central Bank (ECB)’s decision was the main event of the trading week ending today. Speculation at the start of the week that the central bank would deliver a bigger hike than expected pro...
Inflation Rates Continue Hiking, Successful Funding Rounds for Secure.io and FitR, Crypto in an Uptrend – crypto.news
Inflation rates continue to hit hard as many countries, including the UK and Canada, report new highs. Funding rounds continue with Secure.io and FitR while the crypto market takes an uptrend. UK Infl...
European Central Bank Hikes Interest Rates in Surprise Move, Bitcoin Remains Steady
The European Central Bank (ECB) on Thursday raised interest rates by 50 basis points (0.5 percentage points) and therefore brought its deposit rates back to zero from -0.5%. The hike was a surprise mo...
Funding Rates Return To Neutral Following Bitcoin Relief Rally
Bitcoin funding rates had seen a very negative month between mid-June and mid-July. The funding rates, which had previously remained muted, quickly declined below neutral and proceeded to spend the ne...
Inflation to stay “undesirably high” as ECB hikes rates for the first time in over a decade
In a historic move, Christine Lagarde and the European Central Bank (ECB) raised the policy rate for the first time since 2011. In its decision, the Governing Council hiked the key policy rate by 50 b...
European Central Bank Raises Interest Rates For The First Time In 11 Years As Global Inflation Surges
Topline The European Central Bank on Thursday authorized its first interest rate hike in 11 years in a bid to help cool rising inflation, becoming the latest central bank to more aggressively unwind p...
When Will Savings Interest Rates Go Up?
SmartAsset: When Will Savings Interest Rates Go Up? As the Federal Reserve has raised its target federal funds borrowing rate during 2022, interest rates paid to savings account depositors have lagged...
Analysis: The UK labour market and the Bank of England’s shift to higher rates
In its jobs report released earlier today, the ONS reported that unemployment held steady at 3.8% in the United Kingdom, a fall of 0.1% on a quarterly basis, and a decline of 1.1% over the last 12 mon...
The Fed’s next interest rate hike ‘might be the biggest in decades.’ So we asked 6 real estate pros: What might that do to mortgage rates?
What might happen to mortgage rates soon? Getty Images/iStockphoto Word on the street is that the Federal Reserve may raise rates by 1% at their July 26 meeting — as they try to quell inflation that n...
Why the Fed won’t raise interest rates by 100bps next week, according to Goldman Sachs
The Federal Reserve will stop short of unleashing its inflation-fighting bazooka when it meets to decide the fate of interest rates later this month, economists at Goldman Sachs think. “This sof...
US Mortgage Rates Jump on US Inflation Numbers
In the week ending July 15, mortgage rates bounced back from a two-week slump. 30-year fixed rates jumped by 21 basis points, partially reversing a 40-basis point tumble from the previous week to end ...
Cyber Criminals Using Crypto Mixing Services at Record Rates, According to Chainalysis
New data from market intelligence firm Chainalysis reveals bad actors are using crypto mixing services at unprecedented rates. According to a new blog post by the crypto insights company, crypto mixin...
Mortgage rates rebound as US economy comes to grips with an ‘uncomfortable’ future
Mortgage rates rebound as US economy comes to grips with an ‘uncomfortable’ future After a two-week break, U.S. mortgage rates began climbing again this week, a new report shows. The higher 30-year fi...