Federal data shows that inflation held fairly steady in July, defying fears of a sharp tariff-driven spike in consumer prices and good news for President Donald Trump, who is pushing for the Federal Reserve to slash interest rates. Markets are widely anticipating a rate cut at the Fed’s September meeting, an assessment unlikely to be…
Today’s mortgage rates have moved in opposite directions. According to Zillow, the 30-year fixed mortgage rate is down by six basis points to 6.44% while the 15-year fixed rate moved up three basis points to 5.73%. After the release of the July Jobs report, which showed weak employment data, the CME FedWatch tool now reports…
The surprise revisions to the nonfarm payroll data last week convinced investors that the Federal Reserve Bank will lower interest rates at its next meeting in September. Beyond that, expectations that at least two more rate cuts are in the offing sent stocks flying. The promise of a potential decline in interest rates outweighed the…
The Labour Party has claimed that since it was elected to Government, the Bank of England has cut interest rates “five times in a row”. The party said: “Interest rates have now been cut five times in a row since Labour came into power.” The message was also shared in a social media graphic which…
(Reuters) -Wells Fargo Investment Institute on Tuesday downgraded U.S. small-cap equities to “unfavorable” from “neutral”, pointing to its heavy tariff exposure, elevated interest rates and weak earnings record. The broader U.S. equity market has rebounded on easing trading tensions and strong corporate earnings since hitting its lows in April following Trump’s “Liberation Day” tariffs. However,…
Mortgage rates are down today. According to Zillow, the 30-year fixed mortgage rate has decreased by 14 basis points to 6.46%, while the 15-year rate has dropped eight basis points to 5.68%. With the Federal Reserve leaving the federal funds rate unchanged at last week’s meeting, mortgage rates probably won’t fall more drastically this summer….
14h agoThu 31 Jul 2025 at 12:54am Market snapshot ASX 200: -0.5% to 8,717 points (live values below) Australian dollar: +0.1% to 64.41 US cents S&P 500: -0.1% to 6,362 points Nasdaq: +0.1% to 21,129 points FTSE: flat at 9,136 points EuroStoxx 600: flat at 550 points Spot gold: +0.3% to $US3,286/ounce Brent crude: +0.4%…
By Gregor Stuart Hunter SINGAPORE (Reuters) -Asian equities slipped on Thursday, weighed down by weaker-than-expected Chinese activity data and a plunge in copper prices, while the yen firmed after the Bank of Japan raised its inflation forecast for the fiscal year and held rates steady. The revised forecast suggested cautious optimism that Japan’s trade deal…
US President Donald Trump shakes hands with Indian Prime Minister Narendra Modi in the Oval Office of the White House in Washington, DC, on Feb. 13, 2025. Jim Watson | AFP | Getty Images In the frenzied run-up to Friday, August 1— the day when U.S. President Donald Trump’s new tariffs come into effect (no…
The Federal Reserve held interest rates steady Wednesday for the fifth meeting in a row as two Fed governors dissented, underscoring the division within the central bank over the potential impact of President Trump’s tariffs. Central bank policymakers voted to maintain the Fed’s benchmark interest rate in the range of 4.25%-4.5%, as they have throughout…