Effect of rate hikes ‘has been much weaker than the economics textbook would have predicted,’ according to economist Torsten Slok Last Updated: Jan. 2, 2025 at 8:49 p.m. ET First Published ...
China's main rate is its seven-day reverse repo rate, which it last cut from 1.7% to 1.5% in late September. During a high-level economic agenda-setting meeting in December, China's top leaders vowed ...
27. The remarks echoed a Financial Times report on Friday, which cited the central bank as saying that the PBOC is likely to cut interest rates from the current level of 1.5% "at an appropriate ...
If mortgage rates stabilize, even at a high level, that could help kick-start a housing recovery, Kushi said. And if the Fed continues to cut its benchmark interest rate, that could help mortgage ...
It’s the third straight week of rate gains and the highest level since July. Factors like high rates and elevated home prices that have shut many prospective buyers out of the market show no ...
Like anyone in the housing discourse, I’ve done my share of prognosticating about mortgage rates and inflation and their impact on housing in general and housing policy specifically. It makes ...
We do anticipate that interest rates will stay elevated amid slowing inflation, which remains above the Fed’s 2 percent target rate. Still, we’re optimistic this high-rate environment won’t ...
It’s a good bet that the Federal Reserve will cut interest rates not only at this week’s meeting but in 2025 as well. That’s because current rates are significantly contractionary ...
Syracuse, N.Y. — What grades would you give the Syracuse basketball team for its 75-63 victory against Bucknell on Saturday afternoon in the JMA Wireless Dome? What marks would you give the ...