Freddie Mac reports US 30‑year mortgage rates have risen above 7% for the first time since January 2025, intensifying pressure on an already sluggish housing market.
Posts tagged as “inflation”
JP Morgan admitted it cannot forecast oil prices as the US‑Iran war drags on, noting that key economic red lines have already been crossed.
Diesel hit a historic $6.31 per gallon, prompting concerns that rising freight costs will push up consumer prices across the United States.
Turkish officials say the long‑standing habit of keeping physical gold at home is draining liquidity, widening the current‑account deficit and hampering monetary policy.
The Federal Reserve is expected to lift its benchmark rate by a quarter point on Sept. 16, the first hike since July 2023, as stubborn inflation and high energy costs linger.
The 10-year Treasury yield rose to 5.025%, its highest level since 2007, as markets price a more than 92% chance of a Fed rate hike amid stubborn inflation and firm oil prices.
President Trump and senior officials have intensified public pressure on the Federal Reserve to keep rates low as a September meeting looms, threatening trade actions and urging cuts.
U.S. missile strikes on Iranian rocket launchers sent U.S. stock futures lower, while Wall Street prepares to close August with a string of monthly gains.
A surprise drop of 23,000 jobs and revised hiring figures pushed the market’s view of a September rate hike to a 56% chance of a hold, while economists remain divided on future moves.
Walmart announced it will lower prices on a variety of items this summer, including groceries and household essentials. The company's statement made no mention of President Trump's claim that the price cuts were made at his administration's request.