Rent Increases Are Forecast To Decrease Soon So Here’s Why And Everything We Know So Far Finally some good news. Pedestrian.tv · Jul 20, 2023
Stage fright as new listings plummet to crisis-era lows The slowest period of new ASX listings in more than a decade has been blamed on high interest rates, pessimism about the global economy and pandemic strains. AAP · Jul 20, 2023
Unemployment rate falls to 3.5% as the economy adds 32,600 jobs in June on latest ABS figures The bureau of statistics labour numbers will be examined closely by the Reserve Bank when it meets on August 1 to consider interest rates The Guardian - AU · Jul 20, 2023
What Market Bulls Are Watching Now: Supercore Inflation Supercore Inflation, popularized by the Federal Reserve, is falling fast, which could mean good things for the market. Barchart · Jul 19, 2023
Aussie unemployment rate hangs on at 3.5 per cent The labour market has proved resilient, with the jobless rate coming in at 3.5 per cent and 33,000 new jobs added to the economy. AAP · Jul 19, 2023
Inflation means savers ‘may have lost as much as £113bn over past year in real terms’ Although interest rates have increased, savers have still lost money in real terms due to high inflation, AJ Bell said. The Independent UK · Jul 19, 2023
T.N. CM urges PM to withdraw import duty on cotton and restructure credit scheme to help struggling spinning mills Tamil Nadu CM Stalin appeals to PM Modi to withdraw 11% import duty on cotton, restructure ECLGS & temporarily ban export of waste cotton to help struggling spinning industry. Requested to extend moratorium on loan repayment, reduce interest rates & extend cash credit limits. The Hindu · Jul 19, 2023
UK inflation falls by more than anticipated to 15-month low of 7.9%; may limit interest rate hikes Inflation in the U.K. has fallen by more than anticipated to a 15-month low a development that may ease the pressure for the Bank of England to raise interest rates sharply over the coming months, to the potential relief of struggling households The Independent UK · Jul 19, 2023
Bank of England’s Ramsden warns inflation ‘remains much too high’ after falling to 7.9% in June - as it happened FTSE 100 jumps and gilt yields tumble after larger-than-expected drop in UK inflation last month The Guardian - UK · Jul 19, 2023
Fixed-rate or tracker mortgages: which is best as rates rise? As mortgage rates hit 15-year highs, deciding whether to opt for a fixed-rate mortgage or a tracker in the hopes that rates eventually drop can be conundrum. The Week · Jul 19, 2023
Rental rises tipped to slow as housing market cools off Vacancy rates have already started to ease and price growth has begun to slow with analysts tipping further tempering in the market for rental homes. AAP · Jul 19, 2023
Dollar Recovers as Dovish ECB Comments Undercut the Euro The dollar index (DXY00 ) Tuesday rose by +0.12%. The dollar Tuesday recovered from early losses and posted moderate gains on expectations for the Fed to raise interest rates by 25 bp at next week’s FOMC meeting. Also, weakness in the euro boosted the dollar as EUR/USD retreated on dovish... Barchart · Jul 18, 2023
Will high interest rates burst the new car bubble and will drivers hand back keys? British drivers upgraded their cars often in the era of cheap lending – but that could change The Guardian - UK · Jul 18, 2023
‘Vast’ growth in value of England rentals since 1990 would have built 3m council homes Exclusive: Private rentals have grown £400bn in value – making a mockery of landlords’ demands for tax cuts, say campaigners The Guardian - UK · Jul 18, 2023
AAP · Jul 17, 2023 Growth fears, expiring fixed rates fuelled RBA's pause The Reserve Bank board had another tough choice between hitting pause on interest rates or delivering another hike at its last meeting.
Fortune · Jul 17, 2023 Property economist predicts 35% fall in office values by end of 2025, anticipates over 17-year recovery: 'We definitely think the office sector is crashing' “The realization that the market needs to reprice substantially has driven us to make a big downgrade in our forecast,” says Capital Economics' Kiran Raichura.
StockNews.com · Jul 17, 2023 4 Insurance Stocks to Add to Your Portfolio Despite cooling inflation, the Fed is expected to raise interest rates again this month. Since rising interest rates help boost insurers’ profit margins, it could be wise to add fundamentally strong insurance stocks Hannover Rück SE (HVRRY), Reinsurance Group of America (RGA), Sirius Point (SPNT), and International General Insurance Holdings…
The Independent UK · Jul 17, 2023 Skyrocketing interest rates forcing more households into debt, charity finds 1.7 million households set to remortgage in 2024 are anticipated to see their annual repayments rise by over £3,000 on average
Fortune · Jul 17, 2023 A much-feared emerging markets crisis didn’t happen. Is the global economy off the hook? A crisis of global systemic relevance would require a confluence of factors, write BCG's Philipp Carlsson-Szlezak and Paul Swartz.
The Guardian - UK · Jul 17, 2023 UK mortgage rates stabilise for first time since May; Rising interest rates knock £2.1tn off household wealth – as it happened UK mortgage rates held steady today, as a new report shows that rising interest rates have reversed rise in household wealth
The Independent UK · Jul 16, 2023 Britons hit by biggest fall in wealth since Second World War Spiralling interest rates have caused wealth to tumble by £2 trillion, says think tank – but says young people could still be ‘winners’ if house prices fall
The Independent UK · Jul 16, 2023 Younger people could emerge as winners from rising interest rates – report A ‘new normal’ of higher rates could end a wealth boom driving intergenerational inequality, the Resolution Foundation said.
AAP · Jul 16, 2023 Easing global inflation story takes pressure off rates Moderating inflation around the world could help the Reserve Bank build the case for an extended pause on interest rates.
The Guardian - UK · Jul 16, 2023 Economic ‘Bazball’ will have replaced UK’s safety-first approach to inflation and growth by 2025 Rishi Sunak used just-go-for-it route in Covid crisis but Treasury and Bank of England now play with straightest of bats
The Guardian - AU · Jul 15, 2023 Michele Bullock spells continuity at RBA – but respite unlikely for borrowers The new chief was one of the board members raising interest rates, but has been brought in to reform the central bank