Economic Report Mortgage Rates Inch Up Homebuyers Are Waiting for Rates to Decrease More Significantly Freddie Mac Says
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Will High Interest Rates Curb Inflation? The Fed Will Wait and See
While consumers clamor for rate cuts, the central bank leadership is prepared to hang on until inflation stops climbing.Inc. - Business - Federal Reserve -
Fed Chair Jerome Powell Maintains Wait-and-See Posture on Inflation and Rates
The Fed chief said he expected inflation to continue heading lower but that he was less confident than he had previously been about that outlook.The Wall Street Journal - World - Federal Reserve -
Malaysia won't use interest rates to prop up the ringgit, says central bank deputy chief
Bank Negara's Adnan Zaylani Mohamad Zahid said the country's monetary policy decisions will be determined by economic growth and the inflation outlook.CNBC - Business -
Almost half of recent homebuyers stretch to make on-time mortgage payments: Study
Nearly half of new homebuyers in a recent survey said they are struggling to pay their mortgages on time, but many said they are still happy they chose to buy when they did. According to the survey, conducted by real estate experts at Clever, 43 ...The Hill - Politics -
What Forecasters Say About Interest Rates (and Why They Disagree)
Hopes for a steep drop in borrowing costs for consumers and businesses have been dashed. But some experts predict modest reductions in coming months.The New York Times - Business -
Powell says inflation has been higher than thought and expects rates to hold steady
Federal Reserve Chair Jerome Powell speaks Tuesday to the Foreign Bankers' Association in Amsterdam.CNBC - Business -
Hurry Up and Wait: 4 Rules for the Next 6 Months
With a monumental election looming, businesses need to get prepared for whatever's next. Now is no time to take big risks.Inc. - Business -
High Interest Rates Are Hitting Poorer Americans the Hardest
The economy as a whole has proved resilient amid the highest rates in decades. But beneath the surface, many low- and moderate-income families are struggling.The New York Times - Business -
U.K. Jobs Market Eases in Boost for June Rate-Cut Hopes
Unemployment ticked higher in the three months to March, continuing a trend of rising joblessness, while the average regular pay grew at the same rate as in the previous period.The Wall Street Journal - World - United Kingdom -
Home Depot misses on revenue, as high interest rates hurt sales
Home Depot reported first-quarter earnings as it tries to grow sales with home professionals in a tough housing market.CNBC - Business -
Oil declines with OPEC forecast unchanged, as traders weigh the interest-rate outlook
Oil futures move lower on Tuesday, giving back part of the gains seen a day earlier, as the Organization of the Petroleum Exporting Countries left its monthly forecasts largely unchanged.MarketWatch - Business