Today: 17. Dec, 2024
The global economy is facing a potential 0.5% loss in output by 2026 as the effects of rising tariffs and escalating trade tensions between major markets take hold. The European Union and the United States have targeted China with increased tariffs, adding…
As the Federal Reserve shifts its policy and lowers interest rates, financial advisors suggest that investors look at their bond portfolios fresh. With the central bank initiating its first rate cut in four years, bonds are expected to gain a boost from…
Mortgage demand took a hit as interest rates sharply rose, causing both homebuyers and homeowners to hesitate. According to the Mortgage Bankers Association’s seasonally adjusted index, the total mortgage application volume fell 5.1% last week compared to the previous week, reflecting the…
U.S. stocks hovered around record highs on Tuesday, continuing a steady, if tentative, performance following a boost in Chinese markets. Investors saw major indices like the S&P 500, Dow Jones Industrial Average, and Nasdaq Composite experience small shifts, reflecting a cautious mood…
The Federal Reserve’s recent rate cut has spurred excitement among homeowners looking to refinance their mortgages. However, not everyone will be able to capitalize on these lower rates. While refinance activity has increased, lenders may still deny applications based on various factors.…
Wall Street remained steady near record levels on Wednesday following a significant rate cut from the Federal Reserve aimed at warding off a potential recession. This move by the Fed comes as part of its strategy to stabilize the slowing U.S. economy,…
The housing market continues to be a hot topic of discussion, especially with the Federal Reserve’s influence on mortgage rates. Rocket Companies CEO Varun Krishna recently shared insights on how rate cuts have already been factored into current mortgage rates. In a…
As the Federal Reserve considers cutting interest rates this month, many people are questioning whether opening a high-yield savings account is still a smart financial move. Despite the potential for rate reductions, high-yield savings accounts remain a valuable option for many savers.…
Prepare for Lower Rates with Smart Financial Decisions Last week, Federal Reserve Chair Jerome Powell hinted at an upcoming interest rate cut, marking a significant shift in economic policy. “The time has come for policy to adjust,” Powell stated during the Jackson…
The stock market saw a significant boost on Friday, following Federal Reserve Chair Jerome Powell’s announcement that the time has arrived to begin cutting interest rates. This declaration marks the clearest indication yet that the Federal Reserve is prepared to initiate an…
