Tag: Interest rates
Bank of England Cuts Rates and Halves Growth Forecast
The Bank of England recently made a significant announcement that has caught the attention of investors, economists, and the general public alike. In a move that surprised many, the central bank decided to cut...
Navigating the Final Stretch: Challenges in US Inflation Progress
US inflation progress has hit a roadblock in October, with the core consumer price index likely remaining stagnant compared to the previous month. Economists predict that the last leg of the journey towards the...
UK Borrowing Costs Surge to Post-Election High Ahead of Reeves’ Budget
UK borrowing costs have surged to their highest level since the last general election, as investors brace for the upcoming budget announcement by Chancellor Rachel Reeves. The yield on 10-year UK government bonds rose...
Consumer confidence miss causes 2-year Treasury yield to drop
Consumer Confidence Report Causes 2-Year Treasury Yield to DecreaseOn Tuesday, the 2-year U.S. Treasury yield saw a slight decrease as investors analyzed a consumer confidence report that fell below expectations. The yield on the...
Weekly Mortgage Demand Soars 14% as Interest Rates Reach Two-Year Low
Weekly Mortgage Demand Surges as Interest Rates Hit Two-Year LowIn a surprising turn of events, mortgage rates plummeted last week, leading to a significant increase in mortgage demand, particularly for refinancing. The anticipation of...