Powell said high energy prices have not created a tough choice for the Fed With inflation running above target, the Fed is watching inflation expectations Powell sees less risk in the labor market Financial markets have written off bets on a Fed rate hike this year CAMBRIDGE, Massachusetts, March 30 (Reuters) – Federal Reserve Chairman … Read more
LONDON/NEW YORK/SINGAPORE – The Iran war has sent shockwaves across financial markets, leaving some investors and market makers reluctant to take risks, making trading more difficult – with regulators watching closely. There is no major global market, from US Treasuries, to gold, to savings, investors and traders said. In Europe, hedge funds, which currently dominate … Read more
While interest rates may not fall to 3% again, what about 4%? Even before the COVID-19 pandemic, rates stood at or below 4%. Currently, rates are rising in the mid- to mid-6% range. And while there are many factors to consider when considering buying a home, getting a low-interest mortgage can save you a lot … Read more
Mortgage rates have fallen in the last few weeks – but what about long-term rates? Where are rates headed in the next five years, and should you wait for mortgage rates to drop before buying or refinancing? The mortgage interest rate is determined by several factors, all of which can give us clues about the … Read more
Rising oil prices continue to weigh on the world economy as a result of the war with Iran. Now, some analysts say it could be worst as the conflict continues. The concern is that apart from the effects of rising oil prices, the disruption of the war may come in waves – it will play … Read more
The US Treasury Department is taking over federal student loan debt – and focusing on delinquent loans. The new Federal Student Assistance Partnership, which is an agreement between the Treasury Department and the Department of Education, is the latest step in the Trump administration’s dismantling of the Department of Education. Now, delinquent student loan collections … Read more
Infographic chart showing the performance of WTI crude oil futures against selected indices, as of March 26 and 27 at 03:55GMT. ยท AFP/AFP The US-Israeli attacks against Iran have triggered a series of retaliations and military escalation in the Middle East that has spooked global financial markets. The conflict, now more than a month old, … Read more
G7 energy and financial officials said on Monday that they are carefully monitoring the impact of the Iran war on energy and commodity markets, inflation, as well as overall economic stability, and are willing to take “any necessary measures” to ensure the security and stability of energy markets, according to a statement published on Monday. … Read more
Mortgage rates are sitting at 6.38%, according to the latest data from Freddie Mac – up slightly from earlier this year, but still lower than last year (in January 2025, rates rose to a little over 7%). (You can see mortgage rates in your area herefrom our marketing partner Bankrate.) So what’s next for mortgage … Read more
Food prices are expected to rise later this year dpa picture alliance/Alamy World food prices have reached their highest levels since the energy crisis of the 1970s, caused by conflicts in the Middle East, once inflation has been adjusted. Could we be headed for a new record – the worst food crisis ever – as … Read more