Sweden’s Riksbank lifts interest rates by a full point
admin STOCKHOLM–Sweden’s central bank on Tuesday lifted its key policy rate to 1.75% from 0.75%, raised…
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China’s central bank keeps benchmark lending rates unchanged
China’s central bank on Tuesday kept its benchmark lending rates unchanged, in line with market…
Read More‘Some companies are closing their doors, others are shutting down divisions’: Rocket CEO outlines plans to navigate the dramatic decline in mortgages
The mortgage industry is struggling with higher rates and a sharp drop in buyer demand.…
Read More2-year Treasury yield marches toward 4% ahead of this week’s Fed decision
Treasury yields were higher Monday, led by the 2-year rate, and adding to last week’s…
Read MoreFed to put a ‘firm foot on the brake pedal’ this week
The Federal Reserve is widely expected this week to raise its benchmark interest rate by…
Read MoreAny doubt Fed will raise rates by 75 basis points next week is gone after hot U.S. inflation data
Any doubt that the Federal Reserve will raise its its benchmark interest rate by 0.75…
Read MoreFed will need ‘great skill’ and ‘good luck’ to bring down inflation without crashing the economy, Yellen says
The Federal Reserve has to use its judgment to bring inflation down along with the…
Read MoreFed’s Powell says bringing down inflation will cause pain to households and businesses in Jackson Hole speech
Federal Reserve Chairman Jerome Powell used the spotlight on the central bank’s Jackson Hole retreat…
Read MoreMortgage rates rise amid signs of ‘waning demand’ for homes
The 30-year fixed-rate mortgage averaged 5.55% as of Aug. 25, according to data released Thursday…
Read MoreGDP shrank at 0.6% annual pace in second quarter, but it wasn’t all bad news
The numbers: The economy contracted at an annual 0.6% pace in the second quarter, updated…
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