Tag: Interest Rates

Steps to Refinancing Mortgage
Economy

5 Steps to Refinancing Mortgage

It might be in your best interest to refinance your mortgage as soon as possible if you are considering doing so.After the historic interest rate lows of the previous two years, recent trends indicate that both national and global uncertainty is driving a rise in interest rates. According to one expert, the time to compare […]

Gold sees some relief
Trending news

GOLD SEES SOME RELIEF AS DOLLAR RESISTS 20-YEAR HIGH

Gold sees some relief as Dollar resists 20-year High The price of gold recovered a little on Tuesday, taking some relief because the dollar showed resistance and dropped from the top of 20 years, although the Hawkish signal from the Federal Reserve still burdened the market. Gold at the point increased by $ 1,738.55 per […]

OIL PRICES INCREASE ON SIGNALS OPEC MIGHT CUT OUTPUT
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OIL PRICES INCREASE ON SIGNALS OPEC MIGHT CUT OUTPUT

OIL PRICES INCREASE ON SIGNALS OPEC MIGHT CUT OUTPUT Oil prices closed with gains on Friday, driven by a signal from Saudi Arabia that OPEC could cut output, but trading was unstable when investors digested and eventually ignore warnings from the Head of the US Federal Reserve regarding economic pain ahead. Brent crude futures contracts […]

DOLLAR IS STEADY AS POWELL'S SPEECH APPROACHES
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DOLLAR IS STEADY AS POWELL’S SPEECH APPROACHES

DOLLAR IS STEADY AS POWELL’S SPEECH APPROACHES The dollar, which was held for recent profits against the Euro and Sterling on Friday above the speech of the Chairman of the Federal Reserve Jerome Powell, expected by traders will offer clues on the planned tightening of the U.S. Central Bank tightening. Euro almost did not change […]

US economy contracts again in 2nd quarter
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US economy contracts again in 2nd quarter

According to the first reading of the Commerce Department on Thursday, the US economy contracts again in the 2nd quarter at a rate of 0.9% annually.   The expectation of the market was an expansion of 0.5%, after the largest economy in the world contracted 1.6% in the first quarter. The data occurs just a few […]

The US pending home sales tumbled in June
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The US pending home sales tumbled in June

The US pending home sales tumbled in June and fell about 8.6%. It is more than expectations and estimated, according to the data released by the National Association of Realtors (NAR) on 27 July 2022. It was expected that US home sales will reveal a monthly decline of 1.5% in June. The index of home […]

Another large rate hike is possible in September
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Another large rate hike is possible in September

Fed Chair Jerome Powell said on Wednesday that another large rate hike is possible in September as well. But, that will be decided according to the incoming data between now and then. The Fed decision regarding a third consecutive increase of 75 basis points – or something different – will be guided by the fact […]