Don’t expect inflation to come down anytime soon, says Ellen Hazen, chief market strategist at F.L.Putnam. “We think that inflation has probably peaked and will be declining toward the rest of t...
Tag: Rates
Druckenmiller Warns ‘Bear Market Has a Ways to Run’ as Fed Hikes Rates
(Bloomberg) — Stanley Druckenmiller has a warning for Wall Street: The sharp decline in the stock market isn’t over just yet. Most Read from Bloomberg Story continues “My best guess is that we’r...
Mortgage rates back up again and homebuyers call it quits
Mortgage rates are back up again this week after three straight weeks of declines. The rate on the 30-year fixed rate mortgage hit 5.23%, up from 5.09% last week, according to Freddie Mac, tracking th...
Bitcoin Decline Sees Funding Rates Plunge To Three-Month Lows
Bitcoin funding rates have taken a nosedive after massive sell-offs at the beginning of the week. Bitcoin had made a remarkable recovery coming out of a slow weekend but these sell-offs would quickly ...
Best BDC Stock For Rising Rates In 2022
Caution Sign – Higher Interest Rates Ahead getty What’s better than a 9.3% dividend stock? How about one that’s poised to pop as interest rates rise? Business development companies, or BDCs for ...
With 12 Key Measures of Prices, Truflation’s Revamped Dashboard 2.0 Independently and Accurately Assesses Real-Time Inflation Rates
Truflation’s newly revamped dashboard provides data on 12 key cost categories to more accurately measure inflation rates as compared to many government consumer price indicators Truflation, a decentra...
Mortgage activity hits 22-year low as rising rates bite
A closely watched gauge of mortgage application activity slid to a more than two-decade low last week, as elevated home prices and rising interest rates dragged further on purchase and refinancing act...
Ray Dalio Says Central Banks to Cut Rates in 2024, AFR Reports
(Bloomberg) — Billionaire hedge fund founder Ray Dalio said central banks across the globe will be required to cut interest rates in 2024 after a period of stagflation constrains their economies...
Federal Reserve Raise Interest Rates, Another Crypto Crash on June 15th?
Nobody has seen the worst yet. Recent market turmoil hasn’t deterred the US Federal Reserve from keeping its hawkish approach, with officials widely expected to raise rates another half-point on June ...
Republican Counties Have Higher Mortality Rates Than Democratic Ones, Study Finds
Topline Americans living in counties that voted Republican during presidential elections from 2000 to 2016 experienced higher death rates than those who lived in Democratic counties, according to a ne...
Oil Tanker Stocks To Watch As Shipping Rates Soar
Market experts consider rising inflation and the Ukraine crisis as the two biggest market risks this year. Runaway inflation has been corroding asset values, limiting buying power and eating away at c...
Cutting Welfare Access For Young Adults With Disabilities Increases Crime Rates, Study Suggests
Topline Cutting off access to welfare benefits for young adults with disabilities greatly increases the chances they will engage in criminal activity, according to a new Quarterly Journal of Economics...
US Mortgage Rates Fall for a Third Consecutive Week
In the week ending June 2, mortgage rates fell for the fourth time in thirteen weeks. 30-year fixed rates slipped by 1 basis point to 5.09%. 30-year fixed rates slid by 15 basis points in the week pri...
Australian Mayor downplays crypto volatility, recommends it for rates payments
Tom Tate, the Mayor of Gold Coast, Australia, has suggested that cryptocurrency could be used by residents to pay local taxes in future years, though critics have flagged volatility and the recent mar...
Stocks Face Rates Pressure After Jobs; Oil Gains: Markets Wrap
(Bloomberg) — Stocks are poised to start the week under pressure after a robust US jobs report left the door open for the Federal Reserve to maintain an assertive stance on inflation. Oil rose. ...
Mortgage rates fall a third week in a row as housing market tilts in homebuyers’ favor
Mortgage rates fall a third week in a row as housing market tilts in homebuyers’ favor Mortgage rates fell again this week amid relentless inflation and persistent doubt around the health of the U.S. ...
Stocks Fall Despite Strong Jobs Report As Rates Surge On Recession Fears
Topline The stock market moved lower on Friday and government bond yields surged after the U.S. economy added a more-than-expected 390,000 jobs in May, with the strong labor market signaling to invest...
Survey From Jack Dorsey’s Block Finds Close Relationship Between Inflation Rates and Bitcoin (BTC) Adoption
A new survey conducted by financial services firm Block reveals Bitcoin (BTC) enjoys higher appeal in countries with high inflation levels. The study by the Jack Dorsey-led financial services company ...
Fed’s Bullard Sees 3.5% Rates Setting Up Cuts in 2023 or ‘24
(Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Most Read from Bloomberg Federal Reserve Bank of St. Louis President James Bullard ...
Mortgage rates rise sharply after three weeks of easing
A “For Sale” sign outside a house in Crockett, California, on Tuesday, May 31, 2022. David Paul Morris | Bloomberg | Getty Images Mortgage rates rose sharply this week, after pulling back ...
Consumer Confidence Declined In May Amid Inflation And Rising Interest Rates
Getty Images Key takeaways The Conference Board’s Consumer Confidence Index fell in May amidst 40-year-high inflation Consumers cite increasing worries about food and energy prices, plus decreasing de...
Mortgage demand falls to lowest level since 2018, even as interest rates ease
A single family home is shown for sale in Encinitas, California. Mike Blake | Reuters Mortgage demand slipped to the lowest level since December 2018, even after rates declined slightly last week. App...
Home prices surged in March as interest rates also rose: S&P Case-Shiller
A sold sign sits outside a home. Adam Jeffery | CNBC Rising mortgage rates did not slow down rising home prices in March. Nationally, home prices were 20.6% higher than they were in March 2021, accor...
El Salvador: MoneyGram will have competitive rates
A new competitor on Stablecoin remittances appears to be coming to El Salvador. It is MoneyGram, which has partnered with Stellar’s blockchain to use USD Coin (USDC) to transfer money to emerging coun...
1inch Price Prediction 2022-2030: Best swapping rates across DEXs
When forecasting the future price of a particular cryptocurrency, it is highly recommended that careful considerations be made. Since the crypto markets are full of surprises, it is considered one of ...
Will BlockFi, Ledn and Nexo rates trend lower?
Generating a yield on crypto is increasingly tricky. The Terra ecosystem implosion — where up to $50 billion was wiped out — led to a decline in decentralized finance (DeFi) protocols offering interes...
Fed Governor Christopher Waller says he’s prepared to take rates past ‘neutral’ to fight inflation
Christopher Waller, U.S. President Donald Trump’s nominee for governor of the Federal Reserve, listens during a Senate Banking Committee confirmation hearing in Washington, D.C., on Thursday, Fe...
Lumber Prices Slump With Rising Interest Rates
Lumber prices have come crashing down in a new sign of how rising interest rates are deflating markets that boomed during the pandemic. Wood prices were a leading indicator of the supply-chain problem...
Top 3 inflation-proof REITs to buy amid high interest rates
Real Estate Investment Trusts (REITs) have had a mixed year. The Schwab REIT ETF has dropped by about 8% year-to-date while the S&P 500 has fallen by over 11%. With interest rates set to rise, REI...