Last month, the average price of new homes across 100 Chinese cities edged up 0.3 percent, more than doubling March’s increase of 0.14 percent, according to a new survey by the China Research Academy.
Tag: interest rates
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RISING MORTGAGE INTEREST RATES WILL HOBBLE EUROPE’S ECONOMY, ECB SAYS
Although the European Central Bank (ECB) has lowered its interest rates, the cost of a mortgage is likely to continue rising throughout the 20-country Eurozone until at least 2030, the bank has warned.
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IN MEETING WITH POWELL, TRUMP AGAIN PRESSES FOR LOWER INTEREST RATES
Donald Trump and Jerome Powell, chair of the U.S. Federal Reserve, met for about 30 minutes on 29 May at Trump’s invitation, the White House press office said.
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INFLATION FALLS TO 2.1 PERCENT, VIRTUALLY MATCHING FED’S TARGET
The U.S. Federal Reserve’s favorite measure of inflation showed prices rose at a 2.1-percent annual rate in April, next door to the Fed’s long-held 2-percent target rate.
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LOANS TO NON-BANK FINANCIAL INSTITUTIONS SPARK CONCERNS
U.S. banks are loaning more and more money to private credit lenders and private equity firms that can use the money for high-risk or speculative investments, leading regulators to worry about the growing tie between the two sectors.
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HOW WILL THE BALLOONING U.S. DEFICIT AFFECT YOU?
The “big beautiful” tax cut proposal working its way through Congress will give U.S. households more money, although anywhere from 60 to more than 80 percent will flow to the richest 1 percent of Americans, various analysts have estimated.
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U.S. DOLLAR’S VALUE DROPS AGAINST OTHER WORLD CURRENCIES
Last week, the U.S. dollar’s value declined the most in any week since Donald Trump’s 2 April “Liberation Day” tariff announcement.
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TOP TREND 2024, BANKS GO BUST: BANK THAT BET BIG ON OFFICE REAL ESTATE FACES PRECARIOUS FUTURE
Bank OZK, based in Arkansas, made its way into big-time banking with what The Wall Street Journal called its “obsessive focus” on taking part in major loans to large office projects.
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SLAVELANDIA: FOUR IN FIVE AMERICANS ARE FINANCIALLY STRESSED
Seventy-three percent of Americans responding to a CNBC survey report being “financially stressed.”
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GOVERNMENTS, CORPORATIONS TOP $100 TRILLION IN BONDED DEBT
The governments and corporations in the 38-nation Organization for Economic Cooperation and Development (OECD) have more than $100 trillion in bonded debt outstanding, almost as much as the entire world’s GDP, which is between $105 trillion and $110 trillion, a new OECD report has found.