Latest Updates Around The World
Topline The Federal Reserve opted to cut interest rates on Wednesday, its third straight vote in favor of a cut, as Wall Street expected the central bank to take a cautious approach to monetary policy next year. Betting markets and brokers are predicting a third Fed rate cut this year. Getty Images Key facts The […]
Over the last four FOMC events, the average post-announcement fell nearly 8%, which could push Bitcoin towards the $88,000 support zone if repeated. Bitcoin (BTC) climbed to nearly $94,600 on Tuesday as traders positioned for a widely expected rate cut from the US Federal Reserve. However, this pre-meeting jump has analysts warning of a common […]
Federal Reserve officials are poised to cut rates for a third straight time on Wednesday, but that could be coming to an end.Concerns about persistent inflation have led to deep divisions within the US central bank, likely preventing Fed Chairman Jerome Powell from taking further action early next year. After cutting rates twice this fall, […]
The S&P 500 ended Tuesday’s session slightly lower as investors expected the Federal Reserve to strike a hawkish tone even if it cuts rates this week, while JPMorgan put the biggest brakes on the benchmark index after the largest U.S. bank warned of big spending ahead of 2026. The Fed began its two-day policy meeting […]
As Logan Mohtashami, HousingWire’s chief analyst, noted earlier this week, spreads between 10-year Treasury yields and 30-year Treasury mortgage rates have fallen significantly over the past two years. Vishal Garg, CEO of digital lender Better.comsaid in an email interview with HousingWire that it is “a big deal” if spreads tighten as the Fed has not […]
Wall Street’s major stock indexes were mixed Tuesday as investors awaited the Federal Reserve’s policy decision and assessed conflicting signals about the future of U.S. AI chip exports to China.US President Donald Trump said he would allow Nvidia to ship H200 processors, the second most powerful AI chips, to China but would collect a 25% […]
Gold edged higher on Tuesday even as investors retreated somewhat on US interest rate cuts. This reflected caution that the Federal Reserve could take a more aggressive tone on next year’s monetary easing at its upcoming policy meeting. RAW MATERIALS * Spot gold rose 0.1% to $4,194.83 an ounce as of 0146 GMT.* U.S. gold […]
Oil prices held steady on Tuesday after falling 2% in the previous session as market participants kept a close eye on peace talks to end Russia’s war in Ukraine and a looming decision on US interest rates. Brent crude futures fell 2 cents, or 0.03%, to $62.47 a barrel at 0101 GMT. U.S. West Texas […]
Mortgage purchase application details The past three years have shown that when mortgage rates fall below 6.64% and move towards 6%, purchase application data improves, especially from week to week. In recent years we have not been able to keep interest rates near 6% long enough to gain real traction. This year we were able […]
