Tag: interest rates
Retail sales fall at sharpest rate since Covid
Retail sales fell by 3.2% in December in the sharpest drop since the UK was in a Covid lockdown.
Mortgage rates drop to 7-month low
The average on a 30-year loan stands at 6.60%, down from a peak of nearly 8% in October.
Mortgage...
Global Bond Rally Powers on as Rate Cut Bets Appear Everywhere
Bonds around the world are extending gains on expectations that a wave of easing will break out next year as inflation fears...
Moody’s turns negative on US credit rating, draws Washington ire
Moody's on Friday lowered its outlook on the U.S. credit rating to "negative" from "stable" citing large fiscal deficits and a decline...
Asian stocks bounce on China spending plans; inflation jolts Aussie
China led Asia's stock markets higher on Wednesday as investors cheered the approval of a trillion-yuan sovereign bond issue as a harbinger...
Dollar Set for Longest Rally in Years With US Defying Global Gloom
The US dollar extended its gains, sending the currency toward its longest rally in years as the strength of the economy fuels...
South African rand gains before data-heavy end to the week
The South African rand gained on Tuesday ahead of a raft of domestic and international data releases due later this week.
Russia back in investors’ focus after weekend mutiny
Investors were watching for ripple effects from the aborted mutiny in Russia, with some expecting a move into safe havens such as...
How could a US debt ceiling default hit regular Americans?
What could happen on Main Street if Washington's political showdown over the debt ceiling stopped the government from cutting checks that fund...
Biden plans call with House Speaker McCarthy Sunday on debt limit
U.S. President Joe Biden said on Sunday he plans to speak with top congressional Republican Kevin McCarthy on Sunday as part of...