Wall Street extended its rally Tuesday, shrugging off warnings from policymakers trying to rein in expectations for Federal Reserve rate cuts. The Nasdaq 100 set another all-time high while the S&P 500 added 0.6%, fast approaching the benchmark’s record peak. The blue-chip Dow Jones Industrial Average also hit a fresh record. Atlanta Fed President Raphael … Read more
The UK Economy Continues to Beat Expectations Bloomberg Source link
There’s a lot of optionality left, both in the economy and in the interest rate outlook. The US economy is slowing, but by how much, we still don’t know. That means we have a period of volatility still in front of us for asset markets. Still, the risk-reward for US government bonds and mortgages looks … Read more
Inflation eased in both the US and UK, prompting bets that central banks on both sides of the Atlantic will start cutting interest rates by the middle of next year. Meantime, expectations for growth across Europe are improving, but the rebound remains fragile in the European Union’s east. The economic recoveries underway in China and … Read more
You don’t have to be a millionaire to buy a home, but earning six figures would help. The typical American household needs an annual income of $115,000 to afford the median priced home, which is $40,000 more than what the average household makes, according to Redfin chief economist Daryl Fairweather. “Even places that historically have … Read more
Real estate law covers supernatural happenings at Massachusetts homes Real estate law covers supernatural happenings at Massachusetts homes 02:36 The cost of putting a roof over your head has soared since the start of the pandemic, making it more expensive to either sign a new apartment lease or buy a home. That may prompt the … Read more
US GDP Accelerated With Help of Big Spending Consumers Bloomberg Source link
Call it the Great Term Out. After a historic series of interest rate hikes from the Federal Reserve, there’s a big question over just why these higher borrowing costs aren’t having more of an impact on the economy. Sure, there was a small bout of banking drama earlier this year and bankruptcies have ticked up, … Read more
Five Things You Need to Know to Start Your Day Bloomberg Source link
Stocks climbed the most since June, while bond yields fell after economic reports in both the US and Europe fueled bets that major central banks will pause their interest-rate hikes to prevent a recession. In late hours, a $200 billion exchange-traded fund tracking the Nasdaq 100 (QQQ) gained after a bullish revenue outlook from Nvidia … Read more