It appears delusion and hope can only last so long – even when one’s salary depends on it – as US homebuilder confidence crashed
A key component propping up consumer prices is cooling, but it’s not yet reflected in the government’s inflation measure, according to experts.
If it seems like your energy bills have fell victim to price creep, you’re right. Data from the U.S. Bureau of Labor Statistics and
The chart, from Redfin, shows how higher mortgage rates and a pullback in buyer demand, has forced sellers to cut prices to entice bids
Federal Reserve policymakers suggested that they’re prepared to raise interest rates higher than previously planned, though not necessarily at a faster pace, to defeat
While the market’s volatility this week has been focused on UK pension funds and budgets and systemic risk, this morning’s US CPI print will
The federal government’s Bureau of Labor Statistics released new price inflation data today, and according to the report, September was yet another month of
We said that yesterday’s subpar auction was a harbinger that today’s benchmark sale of 10Y paper (in the form of the 9-Year 10-Month reopening
Rising mortgage rates have sidelined many would-be homebuyers, but for institutional investors, it has become an opportunity as home builders try to unload properties.
In the earliest phases of the pandemic, many of the nation’s large cities saw sharp rent declines as a subset of renters with newly
It’s a double whammy for would-be homebuyers. Not only are interest rates soaring, it’s getting harder to qualify for a loan. The average rate
The Bank of England on Tuesday announced an expansion of its emergency bond-buying operation as it looks to restore order to the country’s chaotic bond market.
In a market environment where the only hope left is a central bank pivot away from rate hikes and back to QE, any slight
The yield on the benchmark U.S. 10-year Treasury note climbed on Wednesday after two straight days of declines, as economic data failed to reinforce
A group of some of the world’s most powerful oil producers on Wednesday agreed to impose deep output cuts, seeking to spur a recovery
Saudi Arabia has agreed to cut its production for November by 526,000 bpd, from its current quota of 11.004 million bpd, according to data
Mortgage applications on Wednesday became the latest sign showing how hard rates are hitting housing. And it could get worse.
The pace of mortgage applications has fallen to a multi-decade low amid high housing interest rates, according to the latest data from the Mortgage
Ahead of Friday’s big number, and following last month’s dismal print (under its new model regime) which dramatically under-predicted the payrolls print in August,
A rising real wage allows workers to improve their standard of living. However, the Wall Street Journal recently reported that “… vast numbers of
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