Mortgage Rates Remain High as Affordability Challenges Persist
The average 30-year, fixed-rate home loan fell slightly, to 7.11 percent, pushing buyers and sellers to the sidelines until conditions improve.
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Chicago Fed's Goolsbee says central bank 'has definitely got work to do' on inflation
The policymaker expressed concern about the latest inflation data, telling CNBC that the central bank likely will need to take action.
Read the original story ↗German yields set for biggest weekly rise in two months
As traders ramp up their expectations for European Central Bank interest rate hikes, yields on German government bonds are climbing steadily. This shift follows US inflation figures that were unexpectedly high, disrupting the bond market landscape. Meanwhile, global stock indices are witnessing a downturn, impacting the demand for traditionally safe assets.
Read the original story ↗India 10-year bond yield reverses half of last week's drop on elevated inflation
Indian government bonds fell for a third consecutive session, driven by inflation and interest-rate outlook concerns. The benchmark yield increased to 7.3079%, reversing much of last week's gains. Retail inflation in India accelerated, surpassing the Reserve Bank of India's target range, which raises rate hike expectations. In the US, rising Treasury yields…
Read the original story ↗Bank of Japan set to hike in December: Why the Japanese Yen is still weakening anyway
The Japanese Yen (JPY) remains under sustained pressure near multi-month lows as USD/JPY pushes above the 160.00 level for a second consecutive session, prompting official warnings from Japanese Finance Minister Katayama regarding one-sided and rapid foreign exchange moves.
Read the original story ↗NZD/USD Price Forecast: Bears gain momentum to test 19-month lows near 0.5527
The New Zealand Dollar (NZD) heads lower for the fourth consecutive day against the US Dollar (USD) on Friday, as speculation of a jumbo rate hike by the Federal Reserve (Fed) has increased the monetary divergence with the Reserve Bank of New Zealand (RBNZ).
Read the original story ↗Israeli police arrest five in $5M WhatsApp crypto trading probe
Police suspect the group drew up fictitious loan agreements to disguise crypto trading proceeds it transferred directly into bank accounts.
Read the original story ↗Indian rupee snaps rising streak on hawkish Fed, oil rise
In the past week, the Indian rupee faced downward pressure due to escalating oil prices. Although foreign investments offered some relief, they were insufficient to trigger a notable rebound. The Reserve Bank of India is expected to step in to boost forex reserves when the rupee shows strength. Furthermore, India's trade deficit in merchandise hit a yearly p…
Read the original story ↗Unocoin keeps deposits and withdrawals halted over suspect transfers
Unocoin said the transfers were signed and broadcast outside BitGo’s platform, and BitGo said the account freeze worked as intended.
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