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 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...

$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 ...

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...