Canadians are increasingly putting their plans to buy a home on hold over economic uncertainty, a poll from Scotiabank says. “It’s no surprise that a perfect storm made up of the rising cost of living, housing supply shortages, and increased demand has caused Canadians to feel like homeownership is out of reach,” said John Webster,…
Gold Prices Flat as Firmer Dollar, Yields Dim Safe-Haven Demand
April 6, 2022
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Gold prices were flat on Wednesday as hawkish comments from U.S. Federal Reserve officials bolstered the dollar and Treasury yields to multi-year highs, denting bullion’s safe-haven demand and offsetting support from uncertainty around the Ukraine war. Spot gold was flat at $1,922.59 per ounce, as of 3:20 a.m. GMT, after declining 0.4 percent earlier in…
The Fed Increased Rates—Now What?
March 27, 2022
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News Analysis With inflation running well above the Fed’s stated target, earlier this month the Fed made its first steps in an attempt to quell inflation, raising the federal funds rate by 25 basis points. A 25 basis point interest rate increase on its own is unlikely to make a dent in inflation. But the…
‘When Doves Cry’: Federal Reserve Goes to the Hawks
March 26, 2022
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The Federal Reserve is striking a more hawkish tone one week after the Federal Open Market Committee (FOMC) raised interest rates by 25 basis points for the first time since 2018. If the economic data support a half-percentage-point increase to interest rates, New York Fed Bank President John Williams would endorse the hike. But Williams…
Feel the Squeeze: Higher Rates, Inflation to Weigh on US Borrowers, Experts Warn
The Federal Reserve raised interest rates for the first time since 2018, with six more rate hikes planned for this year. The central bank’s tightening could have a considerable impact on U.S. borrowers and consumer spending trends moving forward, experts say. U.S. consumers could be challenged by a broad array of “brisk headwinds that only…
Existing US Home Sales Fell to Near-Record Low in February
American home sales fell in February 2022 to a near-record low, as shortages of houses and double-digit price growth continue to push first-time buyers out of the market. Contracts to buy resold homes, which account for the bulk of U.S. home sales, have fallen for three straight months in all four regions of the United States, according…
Bank of England Set to Raise Rates Again as Uncertainty Swirls
March 17, 2022
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LONDON—The Bank of England looks set to press on with raising interest rates on Thursday as it tries to stop soaring inflation from becoming engrained in the British economy. All but five of 49 economists recently polled by Reuters thought the BoE will raise Bank Rate for a third meeting running, back to its pre-pandemic…
Bank of England Hikes Interest Rates Three Times Amid Inflation Concerns
March 17, 2022
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The Bank of England (BoE) approved a third consecutive interest rate hike March 16 amid rising concerns about inflation. It’s the first time since 1997 that the central bank has raised rates three times in a row. “The (bank’s) MPC (Monetary Policy Committee) sets monetary policy to meet the 2 percent inflation target, and in…
Downed Missile Hits Apartment in Kyiv; Biden to Speak with Chinese Leader on Friday | NTD News Today
A downed missile hits an apartment in Ukraine. At least one person is killed, a day after a UN court ordered Russia to stop its military operations. For the first time since 2018, the Federal Reserve is raising interest rates by a quarter-percentage point. The Fed also hinted that more increases are ahead this year,…
News Clip: How The Fed’s Rate Hike Will Impact You
March 17, 2022
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The Federal Reserve is increasing interest rates by a quarter of a point. From credit cards to car loans, a look at how the rate hike could impact your wallet. Jerome Powell, Federal Reserve Chairman：”The committee is determined to take the measures necessary to restore price stability.” Ed Moya, Senior Market Analyst, Oanda：”Getting loans, getting…
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