China’s central bank on Thursday held the benchmark lending rates unchanged as expected, as the yuan continues to face increasing downward pressure. The People’s Bank of China kept the one-year Read more
Tag: Rates
‘You can be invested in fixed-income again,’ bond investors say, even before the Fed stops hiking rates
Sharp days of volatility, like the ones lately rocking markets, can create big winners and losers on Wall Street. But the year’s wild swings also have dramatically repriced financial assets, Read more
High inflation just pushed IRS deductions and tax rates higher — here’s how much, and when they kick in
America’s high inflation rate will produce a 7% increase in the size of the standard deduction when workers file their taxes on their 2023 income, according to new inflation adjustments Read more
Trump properties charged excessive rates to government, House Democrats say
WASHINGTON— House Democrats said a long-running probe found that properties controlled by former President Donald Trump’s company charged the Secret Service excessive rates on dozens of government trips but that investigators Read more
How high will rates go? This chart shows expectations for central bank policy rates.
The inflation fight by central banks isn’t even close to over yet, according to Jumana Saleheen, Vanguard’s European chief economist. That means markets likely remain vulnerable to additional shocks, like Read more
COVID-era ‘baby boom’ marks the first major reversal in declining fertility rates since 2007
If think you’re seeing babies everywhere, there’s good reason. A new paper confirms that there was an increase in births last year, primarily due to the COVID-19 pandemic. “We … Read more
China PBOC Holds Key Policy Rates; Likely Signals Same for Benchmark Rates
China’s central bank held its key policy rates steady on Monday, which may mean the same holding pattern for benchmark lending rates later this month. The People’s Bank of China Read more
Mortgage rates surge to the highest level since April 2002. ‘The next several months will undoubtedly be important for the economy and the housing market.’
The numbers: U.S. mortgage rates have resumed their journey upwards, hitting a 20-year high. The 30-year fixed-rate mortgage averaged 6.92% as of October 13, according to data released by Freddie Read more
One chart reveals how sellers are adjusting to higher mortgage rates by slashing home prices
Here’s a chart that speaks a thousand words about the state of the real-estate market right now. The chart above, part of a new report by real-estate brokerage Redfin RDFN, Read more
Retail sales fall flat as high inflation and rising U.S. interest rates take a bite
The numbers: Sales at retailers fell flat in September, potentially another chink in the armor of a U.S. economy that likely to slow in the months ahead as interest rates Read more