China May Ease Monetary Policy After 14 Years: ETFs in Focus
The Politburo of China announced it will now adopt a "moderately loose" monetary policy -- a term China last used in 2010.
The Politburo of China announced it will now adopt a "moderately loose" monetary policy -- a term China last used in 2010.
RH's fiscal third-quarter results are likely to reflect improved demand conditions amid the challenging luxury housing market and clearance pressure. What should investors do with the stock, given its transformative efforts?
High mortgage rates and low housing supply have led to affordability challenges in the US housing market. Wealth! Host Brad Smith speaks to Danielle Hale, Realtor.com's chief economist, about the outlook for the market in 2025 as President-elect Donald Trump takes office. Hale points to some proposals Trump offered on the campaign trail that could help address affordability: "The Trump campaign recognized very much that we don't have enough houses. Housing, as a result, is too expensive. And so we need to bolster supply in order to help improve affordability in the housing market." She mentions Americans remain in a waiting game until 2025 to see if these proposals become policy. For more expert insight and the latest market action, click here to watch this full episode of Wealth. This post was written by Cheyenne Reid.
A key set of inflation prints will serve as the final fodder for investors leading into the Federal Reserve's Dec. 18 interest rate decision.
Construction hiring has slowed down in the last few months as immigration and interest rate uncertainty weigh on the sector.
As mortgage rates trend lower ahead of the new year, Chase Home Lending's head of refinance and home equity, Nina Gidwaney, joins Alexandra Canal on Wealth! to break down what she expects from the housing market in 2025. "We hope that we'll see some relief in 2025. Of course, we can't predict where rates will go. I can tell you that if rates were to fall below 6%, about 4.7 million customers would become in the money for a refinance. And, of course, it would open up the purchase market and help prospective homebuyers get into the market. So we do hope that we'll see some additional rallying in [2025]," Gidwaney says. She explains, "Here's how we're thinking about it. Obviously, with the recent rallying in September and October and the Fed cutting their rate by about 50 basis points, that created some alleviation in the refinance rates and also purchase rates. We saw some good momentum in that period of time." "So, we would expect that as customers continue to get more comfortable with more elevated rates, that they may be willing to get out of the lock-in effect ... if they're sitting on an ultra-low rate, that they may be willing to trade that for a higher rate in order to be able to move and switch into a different home. That will then create more inventory and more opportunities for prospective homebuyers to get into the market." To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Naomi Buchanan.
In two of the last three months of BLS data, we're seeing resistance to a cooling economy in the jobs market.