Mortgage rates fell sharply Thursday after a government report showed that inflation had cooled in October, prompting a decline in bond yields.
Newsfeed: Mortgage rates fall sharply to under 7% after inflation eases Read More »
House prices are sliding, and sales are plunging as the Federal Reserve hits the pause button on quantitative easing this year with the most aggressive interest rate hikes in four decades to cool the red-hot housing market spurred by low interest rates and tight inventories during the pandemic.
Newsfeed: Redfin Fires 13% Of Staff, Exits House Flipping As Downturn Accelerates Read More »
A normally dry research report jolted the gold market this week, when it pointed to massive but so far unidentified sovereign buyers. Central banks bought 399 tons of bullion in the third quarter, almost double the previous record, according to the World Gold Council. Just under a quarter went to publicly identified institutions, stoking speculation about mystery buyers.
Newsfeed: Mystery Whales Baffle Gold Market After Central Bank Purchases Read More »
Central banks globally have been accumulating gold reserves at a furious pace last seen 55 years ago when the U.S. dollar was still backed by gold. According to the World Gold Council (WGC) central banks bought a record 399 tonnes of gold worth around $20 billion in the third quarter of 2022, with global demand for the precious metal back to pre-pandemic levels.
Newsfeed: Central Banks Are Buying Gold At The Fastest Pace In 55 Years Read More »
The U.S. Federal Reserve raised interest rates Wednesday by 75 basis points for the fourth straight meeting while hinting at a potential slower pace in the future as the central bank continues to try to tame multi-decade highs in inflation.
Newsfeed: Fed rate hike is again 75 basis points with hint of potential slowing pace Read More »
The stock market has long been the go-to choice for people looking to invest their money. But that could be about to change as a younger generation enters the scene.
The Fed’s next crisis is already brewing. Unlike 2008, where “subprime mortgages” froze counter-party trading in the credit markets as Lehman Brothers failed, in 2022, it might just be the $27 Trillion Treasury market.
Newsfeed: The Treasury Market Is The Fed’s Next Crisis Read More »
Following the declines in new- and existing-home sales, analysts (unsurprisingly) expected to see pending home sales drop for the 10th month of the last 11. They were right BUT the magnitude was remarkable.
Newsfeed: US Pending Home Sales Collapsed In October, Weakest Since 2010 Read More »
The Federal Reserve is seen slowing its aggressive rate-hike pace in December, with data published Thursday offering new evidence that the economic slowdown that the central bank is trying to engineer is getting underway.
Newsfeed: Fed seen slowing pace of rate hikes in December Read More »
After tumbling for the first time since 2012 in July, Case-Shiller’s 20-City Composite Home Price index was expected to drop even faster in August (the latest data available) as mortgage rates soared, crushing affordability.