European Central Bank Chief Economist Philip Lane is signaling his agency is ready to cut interest rates next week, a disruption from its usual trend of following the Federal Reserve’s lead. In an interview with the Financial Times, Lane previewed the ECB’s upcoming...
Federal Reserve Chairman Jerome Powell poured more cold water on the hope that the central bank will start cutting rates sooner than later. According to combined media reports, Powell told a moderated discussion at the Foreign Bankers’ Association in Amsterdam that...
Americans are bracing for higher home prices, according to the April 2024 Survey of Consumer Expectations published by the Federal Reserve Bank of New York’s Center for Microeconomic Data. In the latest report, median home price growth expectations increased to 3.3%...
Nearly half of U.S. homebuyers have stopped looking for residential property due to elevated interest rates, according to a new survey published by Discover Home Loans, a division of Discover Financial Services (NYSE: DFS) In a nationwide survey of 1,500 adults, 84%...
To the surprise of no one, the Federal Reserve has opted to maintain interest rates at the current level. The central bank’s policymaking Federal Open Market Committee stated it would keep the target range for the federal funds rate at 5.25% to 5.5%, a 23-year high;...
Pending Home Sales Slide to Nearly Three-Year Low as Buyers Pull Back
