After the Federal Reserve signaled a prospective pause in rate hikes, mortgage demand surged.

After the chairman of the Federal Reserve suggested an end to an unprecedented string of interest rate increases, mortgage rates declined slightly last week. The decline was not substantial, but it was sufficient to increase demand among current homeowners seeking to refinance their mortgages at ...

Ueda, head of the Bank of Japan, promises to keep rates low for the time being but hints at a possible rate hike in the future.

Kazuo Ueda, governor of the Bank of Japan, emphasized on Tuesday the need of maintaining a low interest rate environment for the time being but left open the possibility of a rate hike if inflation and wage growth exceeded expectations. Ueda told lawmakers that "monetary easing, now conducte...

The stock market slumps as the Fed's strong stance dampens China's surge.

In spite of China's latest reopening plans, Wall Street was expected to take it easy on Thursday due to positive jobs statistics and the Fed's clear signal that interest rates will not be slashed anytime soon. Overnight, equities in Asia and the Pacific outside of Japan hit a four-month h...

Mortgage applications will fall by 13.2% by the end of 2022 as interest rates rise once more.

Mortgage interest rates spiked again at the end of the year after a brief respite in the first half of December, weighing on mortgage demand. The seasonally adjusted index maintained by the Mortgage Bankers Association showed a 13.2% drop in mortgage application volume as of the end of last week ...

Fed Minutes predict a 'soon' slowdown in interest rate hikes and a 'likely' recession in 2023

According to meeting minutes disclosed Wednesday, Federal Reserve officials agreed in November that they would need to halt the pace of interest rate rises shortly.

While noting that inflation had not yet showed significant indications of abating, the minutes stated that "a strong ...

Fed Raises Interest Rates by 75 Points, Says There's Still Work to Do, and Expresses Hope for a Slowdown

Wednesday, as expected, the Federal Reserve raised interest rates by 75 basis points, its fourth consecutive increase, but avoiding any express indication that it will cease its relentless tightening.

The central bank modified its language to offer Wall Street and economists who had ant...

The head of Germany's central bank has said that higher interest rates in the eurozone are "required"

The head of the German central bank, the Bundesbank, stated on Saturday that higher interest rates are required in the eurozone, whose central bank has joined others around the world in boosting rates to calm prices.

Some European Central Bank officials believe that the instability of t...

U.S. FEDERAL RESERVE KEEP INTEREST RATES NEAR ZERO

Highlights

• “Economic activity and employment have continued to recover but remain well below their levels at the beginning of the year” said the Federal Open Market Committee (FOMC)

• No changes were made to the monthly purchases by the Fed officials an...

BANK OF ENGLAND ANNOUNCES BOND-BUYING PROGRAMME

Highlights –

• To fight COVID-19 pandemic crisis, BoE has announced a bond-buying programme.
• BoE plans to buy at least $125 billion bonds.
• BoE is also trying to steer inflation back to its 2% target.
• BoE hopes to keep th...

$50 BILLION AID TO SMALL AND MEDIUM VIRUS IMPACTED BUSINESS: TRUMP

Highlights: 

• Aid to provide relief to the virus outbreak impacted small & medium businesses
• Trump announces a $50 billion to be channelled through SBA

  In an attempt to support the economy and help the small and t...

DOLLAR EXPECTED TO SLUMP FURTHER

Highlights:

• The interest rate cuts by the US Federal Reserve has fueled the worries over coronavirus.
• The Federal Reserve has cut the interest rates by 50 basis points on Tuesday.
• The US dollar index is expected to fall further against the ...

Efforts to lower the interest rate burdens for borrowers needed to be installed

Efforts to lower the interest rate burdens for borrowers should be installed, and the pause of RBI had a "terrible" cost impact for a third of borrowers increasing by 0.25%, Neelkanth Mishra said.

India missed the bus by not converting lower inflation gains into low-interest r...

Here's however rising automotive costs will hurt average Americans

Sure, that new-car smell is nice. however is that the prospect of owning a brand new vehicle price going into debt for years to come?

Over the past few years, automotive costs are apace increasing. whereas which will be an honest sign for the economy, it means that shoppers can have a m...