Housing has a problem bigger than interest rates
Lower mortgage rates might not be enough to help homebuyers.
Lower mortgage rates might not be enough to help homebuyers.
All three major indices look set to extend their recent record highs Thursday.
In April, India's Consumer Price Index (CPI) inflation slightly decreased by 2 basis points to 4.83% year-over-year, compared to 4.85% in March, according to a recent report by...
-- Australia’s job market grew more than expected in April as tight labor conditions persisted for most part, although the unemployment rate also increased as a higher...
-- The Japanese economy shrank more than expected in the first quarter of 2024, hit chiefly by a slowdown in consumer spending amid sticky inflation and sluggish...
– U.S. inflation slowed marginally in April, while the gauge of core prices closely watched by the Federal Reserve decelerated slightly but remained stubbornly...
Stocks got a big boost from a softer-than-expected April inflation report, which showed slowing price pressures across the board.
The benchmark 10-year U.S. Treasury yield dropped to its lowest in a month on Wednesday ahead of the release of closely watched U.S. inflation data. The 10-year Treasury yield dropped to as low as 4.418%, its lowest since April 10, and was last down 2 basis points at 4.424%. U.S. consumer price data is due at 1230 GMT and will drive near-term Federal Reserve policy, and hence Treasuries.
Stocks, which are defying the usual 'sell in May' thesis, face a key inflation test later this week.
-- Chinese consumer price index inflation grew for a third straight month in April, as continued policy support from Beijing appeared to be boosting consumer demand,...