Financial markets don’t usually start to price in possible election outcomes until a month or two before Election Day. Investors are getting an early start this year. Since July 27, the interest rate on 10-year Treasury securities has jumped by about 10 basis points, or one-tenth of a percentage point. That may not sound like […]
Tag: rates
Trump is already pushing interest rates up
Financial markets don’t usually start to price in possible election outcomes until a month or two before Election Day. Investors are getting an early start this year. Since July 27, the interest rate on 10-year Treasury securities has jumped by about 10 basis points, or one-tenth of a percentage point. That may not sound like […]
US inflation is slowing again, though it isn’t yet time to cut rates
WASHINGTON (AP) — Inflation in the United States is slowing again after higher readings earlier this year, Federal Reserve Chair Jerome Powell said Tuesday, while adding that more such evidence would be needed before the Fed would cut interest rates. After some persistently high inflation reports at the start of 2024, Powell said, the data […]
Kentucky homicide rates drop for the third straight year, state police report says
For the third year in a row, homicide rates in Kentucky have dropped statewide, according to a new crime data report from Kentucky State Police. Released Monday, the 2023 Crime in Kentucky Report details crimes in Kentucky, the occurrence by county, and the rate compared to previous years’ reports. For the last three years, homicide […]
Powell says Fed needs more evidence of falling inflation before cutting rates
By Balazs Koranyi and Howard Schneider SINTRA, Portugal (Reuters) -The U.S. central bank still needs more data before cutting interest rates to ensure that recent weaker inflation readings give a true picture of what is happening to underlying price pressures, Federal Reserve Chair Jerome Powell said on Tuesday. Data for May showed the Fed’s preferred […]
European Stocks Drop on Rates Outlook, France Poll: Markets Wrap
(Bloomberg) — European stocks declined after policy makers signaled they need more evidence that price pressures are easing before considering another interest rate cut. Most Read from Bloomberg The Stoxx Europe 600 benchmark dropped about 0.5%, led by insurers and car makers. France’s CAC 40 erased most of Monday’s gains as the country prepares for […]
The housing market’s lock-in effect could last into the next decade as mortgage rates stay high even with Fed cuts, BofA says
The lock-in effect that has kept U.S. housing market activity subdued probably isn’t going away this year or next year or even the year after that. It could hang over prospective buyers and sellers of existing homes for six to eight years before finally going away, Bank of America warned in a note on Monday, locking […]
UK house prices rise in June, despite high mortgage rates
Average house prices hit £266,604 in June 2024, up from £264,249 a month before. (PaulMaguire via Getty Images) The average UK house price continued to tick up in June, despite high mortgage rates, with the annual rate of growth rising from 1.3% in May to 1.5%, according to Nationwide. Average house prices hit £266,604 in […]
Despite what some politicians say, crime rates are decreasing
An FBI Evidence Response Team investigator walks behind a crime scene. The FBI’s Quarterly Uniform Crime Report, which was released in early June, suggests that violent crime dropped by 15% compared with the first quarter of 2023. (Ann Arbor Miller/The Associated Press) Violent crime in the United States dropped significantly in the first quarter of […]
Interest rates could rise as threat of inflation still looms
Agustin Carstens, chief of the Bank for International Settlements, says bank must be prepared to raise interest rates if needed – Akio Kon/Bloomberg Countries must be prepared to raise interest rates again if inflationary pressures return, a top central bank has warned. The Bank of International Settlements (BIS) has said “it is too soon to […]
Despite what some politicians say, crime rates are decreasing
Brandon Bell/Getty Images Violent crime in the United States dropped significantly in the first quarter of 2024 compared with the same period last year, according to the FBI’s Quarterly Uniform Crime Report released earlier this month. The FBI’s data, collected from nearly 12,000 law enforcement agencies representing about 77% of the country’s population, suggests violent […]
EU sees rise in deportation rates for non-EU migrants
A growing proportion of non-European Union citizens ordered to leave EU territory are being returned to countries outside the Union as part of efforts to rein in irregular migration, data from the EU’s statistics office shows. The deportation success rate reached 29.5% in the first quarter of 2024, up from 21.6% in the same period […]