Traders are closely watching once-obscure economic data, prompting more scrutiny of how widely the government distributes the information.
Category: Interest Rates
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Japan Raises Interest Rates for First Time in 17 Years
Higher inflation and rising wages suggest that the country’s economy can grow without such aggressive stimulus from the central bank.
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Closing Costs for Buying a Home Have Risen Along With Rates
These mortgage fees increased 22 percent from 2021 to 2022. One likely factor is the greater use of discount points to nudge interest rates down.
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Inflation Ticked Up Last Month, Backing the Fed’s Caution on Rate Cuts
Consumer prices climbed 3.2 percent last month from a year earlier, down notably from a 9.1 percent high in 2022, but still quicker than the roughly 2 percent that was normal before the pandemic.
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Debate Over Bank Industry Rules One Year After SVB Collapse
Silicon Valley Bank’s collapse last March set the stage for a clash between bankers and their regulators.
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Car Deals Are Easier to Find but Lenders Are Tightening Their Terms
It has become harder for some borrowers to get affordable car loans as banks and dealerships face a rising number of delinquencies.
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The jobs report comes as the Fed considers the timing of interest rate cuts.
The Federal Reserve is primarily watching progress on inflation as it contemplates its next steps, but it is also keeping an eye on the labor market.
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European Central Bank, Citing Wage Growth, Keeps Rates Steady
Although inflation has eased, the eurozone’s central bank said that “domestic price pressures remain high.” Rates remain the highest in the central bank’s history.
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Fed Chair Powell Still Expects to Cut Rates This Year, but Not Yet
Jerome H. Powell, chair of the Federal Reserve, said policymakers still expect to lower rates in 2024 — but the timing hinges on data.
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Brighter Economic Mood Isn’t Translating Into Support for Biden
Voters feel slightly better about the economy as inflation recedes, but partisan divides remain deep, a Times/Siena poll found.
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High Mortgage Rates Leave Biden Searching for Housing Relief
The president and his team are seeking ways to help Americans afford to rent and buy homes, as high borrowing costs dampen views of the economy.
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Eurozone Inflation, Continuing to Ease, Rose 2.6% in February
Prices in the countries that use the euro trended downward in February. But the European Central Bank remains cautious about lowering interest rates.