Bank of England Raises Interest Rates 75 Basis Points
On Thursday the Bank of England announced it would hike interest rates by 75 basis points – the biggest rate increase it has implemented in 30 years, as it battles…
Mortgage Interest Rates Hit Highest Level Since 2001
As financial conditions tighten and weigh down the housing sector, the average interest rate on the most common home loan has hit the highest level seen since 2001, according to…
UK Banks Are Withdrawing Mortgage Products As Rates Increases Accelerate
UK banks have begun withdrawing mortgage products due to rapidly rising interest rates, and that has triggered a steady decline in home sales. According to data compiled by Moneyfacts Group,…
Canadian Household Net Worth Drops Record Amount
The net worth of Canada’s households dropped by almost $1 trillion Canadian dollars ($775 billion) in the second quarter, according to data from Statistics Canada. According to the report, household…
Attention Shifts To Next Fed Meeting
Investor’s attention will now turn to the next FOMC meeting September 20-21, where the Federal Reserve will decide the size of the next hike to the Fed funds rate. Officials…
American Credit Card Debt Rises To Record High
American credit card debt continues to rise at a robust pace, worrying analysts as the Federal Reserve appears set to shift into an even more aggressive policy stance. There was…
Fed Minutes Point To 50 Basis Point Hike Next, But Data May Indicate 75 Points More Likely
FOMC July meeting minutes were released, revealing that Federal Reserve officials feel that additional interest rate hikes will be necessary over the coming months, and such hikes will continue until…
Fed Hikes Mean Mortgage Rates Will Rise As House Sales Decline
As the Federal Reserve has been raising rates to combat rising inflation, mortgage rates have been rising steadily over the past year. With the Fed’s newest 0.75% hike, that rise…
As Traders Bet On Recession And A Weaker Fed Response, Treasuries Surge
Treasuries rose sharply amid recessionary fears, due to data showing a contraction in business activity for the first time since 2020. The decline in bond yields accelerated on Friday, as…
Stocks Slide Monday On Fed Fears
US stocks collapsed back into bear market territory Monday as investors bet that the record high inflation numbers for May would mean an aggressive Federal Reserve interest rate hike program…
