Economy News

Economy

US Mortgage Applications Surge by 2.3%: A Closer Look at the Latest Trends

US mortgage applications increased by 2.3% as of February 7, with the Refinance Index reaching its highest since October 2024. The Market Index also grew, despite a slight drop in ...

Economy

US Mortgage Applications See a 2.3% Uptick, Refinancing Hits Highest Since October 2024

US mortgage applications rose by 2.3% recently, with refinancing hitting its highest since October 2024. The Market and Refinance Indices increased, while the Purchase Index saw a ...

Economy

South Korea's Household Loans Dip for the First Time in 10 Months Amid Rising Economic Concerns

South Korea's household loans saw their first decline in 10 months, decreasing by 900 billion won in January. This shift is attributed to economic uncertainties and a slowdown in h...

Economy

Fed Chair Powell Hints at Stable Interest Rates Following Strong Labor Market Report

Federal Reserve Chairman Jerome Powell signals steady interest rates in light of positive labor market data, emphasizing the strength of the U.S. economy and the Fed's cautious app...

Economy

Federal Reserve's John Williams Asserts Diminishing Inflation Risks Amid Economic Stability

New York Federal Reserve President John Williams signals confidence in easing inflation, suggesting current monetary policy is restrictive enough to control inflation and support e...

Economy

Fed Chair Powell Assures No Rush in Adjusting Policy Stance Amid Economic Uncertainties

Federal Reserve Chair Jerome Powell reaffirms the central bank's cautious stance on adjusting monetary policy, emphasizing a data-driven approach to future decisions and readiness ...

Economy

Surprising Surge: US Oil Inventories Jump by 9.043 Million Barrels

The US witnessed a significant 9.043 million barrel increase in crude oil inventories for the week ending February 7, alongside shifts in distillate and gasoline supplies, and a ri...

Economy

Jerome Powell Reaffirms Fed's Cautious Approach to Policy Adjustments Amid Economic Uncertainties

Federal Reserve Chair Jerome Powell emphasizes a cautious approach to monetary policy adjustments, highlighting the importance of assessing economic indicators and maintaining flex...