The 30-year mortgage rate increased to 6.51% this week and looks poised to keep rising. Source link
Category: Economy
Philly Fed Survey Shows Regional Manufacturing Stalled
Growth in manufacturing activity in the Philadelphia Fed’s region pulled back in May, although firms remained optimistic about the forward outlook Source link
Global Economy Slowing as Middle East Conflict Bites, Surveys Show
Business activity in Europe and Asia slowed in May as energy costs rose and new orders cooled, an indication the fallout from the conflict in […]
The question for bond markets is not why yields rose so much in the past week, but why this didn’t happen sooner, writes Capital Account columnist @greg_ip
A mix of debt, inflation and populism has changed the interest rate landscape since 2020. Source link
Bank of Japan Policymaker Signals That Rate Hike Might Be Approaching
Policy board member Junko Koeda said Japan’s underlying inflation is likely already at around 2%. Source link
Japan’s Exports Accelerate But Middle East Risks Cloud Outlook
Japan’s exports grew at a faster-than-expected pace in April, as a weak yen and resilient global demand offset the negative impact of Middle East tensions. […]
Federal Reserve officials all but retired the question that had dominated their debates for the past two years—whether to cut interest rates—and began more seriously at their April meeting to weigh the opposite: whether to raise them
The Middle East war and an AI boom have reshaped the interest-rate outlook ahead of a leadership transition at the central bank. Source link
In 2022, Los Angeles voters approved a new tax on sales of the city’s most expensive properties. Opponents of the levy say it is making L.A.’s housing shortage worse.
Developers say the levy is making L.A.’s housing shortage worse. The city is considering changes. Source link
U.K. Inflation Slowed in April
Inflation cooled more than expected as government measures to reduce household energy bills kicked in, but is anticipated to pick up again due to rising […]
European lawmakers reached a provisional deal to remove some import tariffs on U.S. goods, as part of the trade deal signed last summer
Lawmakers reached a provisional deal to remove some import tariffs ahead of a deadline set by Trump that would ramp up tariffs on cars. Source […]