interest rates News

US Housing Market Faces Challenges as Builder Confidence Drops Sharply in May

Builder confidence in the US housing market declined in May, with the NAHB/Wells Fargo Housing Market Index falling to 34. High interest rates and policy uncertainties are cited as...

President Trump Urges Federal Reserve to Slash Interest Rates Following Global Trends

President Donald Trump urges the Federal Reserve to cut interest rates, citing no inflation and lower prices in essential goods. This comes after a report showing a slight decrease...

BoE's Lombardelli Highlights Restrictive Monetary Policy Amid Inflation Concerns

BoE's Clare Lombardelli discusses the restrictive nature of current monetary policy at 4.25% interest rate, emphasizing caution and the need for sustained economic data improvement...

Federal Reserve's Cautious Stance Sends Gold Prices Tumbling by 1.6%

Gold prices fell by 1.6% after the Federal Reserve decided to keep interest rates unchanged, citing concerns over inflation and unemployment. Fed Chair Powell's comments on a cauti...

US Markets Surge as Trump Unveils Comprehensive US-UK Trade Deal, Fed Holds Rates Steady

US stock markets opened higher following President Trump's announcement of a comprehensive US-UK trade deal and the Federal Reserve's decision to maintain interest rates. Key indic...

BoE's Bailey Stresses: Interest Rates Demand Vigilance Amid Global Uncertainties

Bank of England Governor Andrew Bailey warns against fixed interest rate policies, citing global uncertainties. Despite recent rate cuts to 4.25%, Bailey remains committed to a 2% ...

Asian Markets Rally Following Fed's Decision to Maintain Interest Rates Unchanged

Asian stock markets rose after the Fed decided to keep interest rates unchanged, with the Bank of Japan considering future rate hikes based on economic performance. Key indexes in ...

BoE Set to Slash Interest Rates to 4.25% as Trade War Fears Loom Over UK Economy

The Bank of England is expected to cut interest rates to 4.25% due to concerns over US tariffs impacting the UK economy. Despite positive GDP and inflation data, global trade tensi...

Dow Jones Soars Over 280 Points as Federal Reserve Holds Interest Rates Steady

US stocks surged with the Dow Jones gaining over 280 points after the Federal Reserve decided to keep interest rates unchanged. Fed Chair Jerome Powell emphasized patience but warn...

Fed Chair Powell Asserts Independence: Trump's Rate Cut Comments Won't Sway Our Decisions

Federal Reserve Chair Jerome Powell asserts the Fed's independence from political influence, emphasizing decisions are based solely on economic data and risks, not President Trump'...

US Stock Futures Rise as Investors Await Federal Reserve's Crucial Rate Decision

US stock futures rise as investors await the Federal Reserve's rate decision amid trade talks optimism. Dow Jones, Nasdaq 100, and S&P 500 show early gains.

Federal Reserve Holds Steady: Interest Rates Remain at 4.25%-4.5% Amid Economic Uncertainty

The Federal Reserve has decided to maintain the federal funds rate at 4.25%-4.5%, citing solid economic expansion and a stable labor market, despite elevated inflation and increase...

Federal Reserve Expected to Maintain Steady Interest Rates Amid Inflation Concerns

The Federal Reserve is likely to hold interest rates steady at its May meeting, focusing on inflation targets amid economic challenges. Despite political pressures for cuts, stabil...

Surge in US Mortgage Applications: An 11% Weekly Jump Signals Changing Economic Winds

US mortgage applications surged by 11% in the week ending May 2, with interest rates for 30-year fixed mortgages dropping slightly. The Purchase and Refinance Indexes also saw sign...

US Stock Futures Rally as Investors Await Federal Reserve's Crucial Rate Decision Amid Trade Talks

US stock futures rise as investors anticipate the Federal Reserve's rate decision and upcoming US-China trade talks, with major indices showing gains.

Federal Reserve Expected to Maintain Steady Interest Rates Amid Inflation Concerns

The Federal Reserve is likely to hold interest rates steady at 4.25% to 4.5% in May, focusing on inflation control. Despite economic slowdown and political pressures for cuts, the ...

Surge in US Mortgage Applications: An 11% Weekly Increase Signals Market Shift

Mortgage applications in the US surged by 11% last week, with interest rates for 30-year fixed mortgages dropping to 6.84%. The MBA's survey also noted increases in the Purchase, R...

US Stock Futures Rally as Investors Await Federal Reserve's Crucial Rate Decision

US stock futures rise as investors eagerly anticipate the Federal Reserve's monetary policy decision, amidst calls for rate cuts and upcoming US-China trade talks.

Federal Reserve Expected to Maintain Interest Rates Amid Inflation and Economic Slowdown

The Federal Reserve is likely to keep interest rates steady amid high inflation and economic slowdown, with potential rate cuts later in the year. President Trump pushes for cuts, ...

Surge in US Mortgage Applications: An 11% Weekly Jump Signals Market Shift

Mortgage applications in the U.S. increased by 11% last week, with interest rates for 30-year fixed mortgages dropping slightly. The MBA's survey also noted rises in the Purchase, ...

US Stock Futures Rally as Investors Await Federal Reserve's Crucial Policy Decision

US stock futures climbed as investors awaited the Federal Reserve's policy decision, amid President Trump's tariff announcements and calls for rate cuts. Upcoming US-China trade ta...

Wall Street Rises as US-China Trade Talks Spark Investor Optimism Ahead of Fed Decision

Wall Street opened higher as US-China trade talks and the Federal Reserve's upcoming interest rate decision sparked investor optimism. Key stocks showed significant movements, with...

Federal Reserve Expected to Maintain Steady Rates Amid Inflation and Economic Growth Concerns

The Federal Reserve is likely to hold interest rates steady at 4.25% to 4.5% in May, focusing on inflation targets amid economic growth concerns. Core inflation remains high, and G...

Surge in US Mortgage Applications: An 11% Weekly Increase Signals Market Shift

Mortgage applications in the US increased by 11% in the week ending May 2, with interest rates for 30-year fixed mortgages dropping slightly. The Purchase and Refinance Indexes als...

Wall Street Rallies at Open Amid US-China Trade Talks Optimism and Fed Rate Decision Anticipation

Major US stock indices opened higher amid optimism over US-China trade talks in Switzerland and anticipation of the Federal Reserve's interest rate decision. Disney and Charles Riv...

Federal Reserve Expected to Maintain Steady Interest Rates Amid Inflation Concerns

The Federal Reserve is expected to hold interest rates steady at its May meeting, focusing on inflation control despite economic slowdown and political pressures for rate cuts.

Surprising 11% Spike in US Mortgage Applications Signals Market Shift

The US mortgage applications surged by 11% in the week ending May 2, with a decrease in interest rates and increases in Purchase and Refinance Indexes, signaling a vibrant mortgage...

Federal Reserve Expected to Maintain Interest Rates Amid Inflation and Economic Slowdown

The Federal Reserve is likely to hold interest rates steady amid high inflation and economic slowdown, with potential rate cuts later in the year. President Trump's call for rate r...

Surge in US Mortgage Applications: An 11% Weekly Increase Signals Market Shift

Mortgage applications in the US increased by 11% last week, with interest rates for 30-year fixed mortgages dropping slightly. The MBA's survey reflects a complex economic environm...

US Stock Futures Rise as Investors Await Federal Reserve's Crucial Rate Decision

US stock futures rise as investors eagerly await the Federal Reserve's interest rate decision, amid President Trump's tariff announcements and upcoming US-China trade talks. Early ...

Federal Reserve Expected to Maintain Steady Rates Amid Inflation and Economic Slowdown

The Federal Reserve is expected to hold interest rates steady at 4.25% to 4.5% in May, focusing on inflation targets amidst economic slowdown and political pressures for rate cuts.

Surge in US Mortgage Applications: An 11% Weekly Increase Signals Market Shift

US mortgage applications surged by 11% last week, with interest rates for 30-year fixed mortgages dropping slightly. The Purchase and Refinance Indices both saw increases, indicati...