Relax, the Bank of Japan isn’t tapering—yet!

  • January 9, 2018
  • no comment
  • realestate

The Bank of Japan’s decision Tuesday to reduce the amounts of government bonds it buys as part of its quantitative easing efforts sent the yen and Japanese bond yields higher. But analysts warned investors not to get ahead of themselves, calling the move more of a technicality than a tapering. The central bank cut its

READ MORE

U.S. adds 148,000 jobs in December

  • January 5, 2018
  • no comment
  • realestate

Job growth decelerated a bit in December after two strong months. The economy gained 148,000 jobs in December after an average gain of 232,000 jobs over the past two months. Economists polled had predicted a 198,000 increase in nonfarm jobs. The unemployment rate, meanwhile, remained steady at 4.1%. Wages increased by 2.5% over the past

READ MORE

U.S. manufacturing surges in December, ISM shows

  • January 3, 2018
  • no comment
  • realestate

The Institute for Supply Management said Wednesday its manufacturing index rose to 59.7%, the second highest reading of the year, from 58.2% in November. Readings over 50% indicate more companies are expanding instead of shrinking. The uptick in the index was better than Wall Street expected. Economists surveyed had forecast the index would slip to

READ MORE

Treasurys come back to where they started as year comes to close

  • December 29, 2017
  • no comment
  • realestate

Treasury yields were mixed on Friday in holiday-thinned trade as U.S. government paper looked to end at levels close to where they had started this year. The 10-year Treasury yield was mostly flat at 2.429%, from 2.432% on late Friday. The benchmark maturity began the year at 2.45%. The 2-year note yield ticked lower to

READ MORE

U.S. import prices leap 0.7% in November on higher fuel costs

  • December 14, 2017
  • no comment
  • realestate

The U.S. import price index jumped 0.7% in November, once again spurred by rising oil prices. Excluding fuel, import prices were unchanged, the government said Thursday. The increase in import prices over the past 12 months rose to 3.1% from 2.3%. If fuel is omitted, the increase in import prices over the past year was

READ MORE

Fed lifts U.S. interest rates, still expects 3 hikes in 2018

  • December 13, 2017
  • no comment
  • realestate

The Federal Reserve on Wednesday raised a key short-term U.S. interest rate to a range of 1.25% to 1.5%, but in a sign of caution the central bank stuck to its earlier forecast for just three 1/4-point rate hikes in 2018. The Fed made no change to its inflation forecast, reflecting the persistent worry among

READ MORE

ECB leaves rates at record low, reiterates dovish guidance

  • December 14, 2017
  • no comment
  • realestate

The European Central Bank on Thursday made no changes to policy, keeping its deposit rate at negative 0.4% and its main refinancing rate at 0%. The bank reiterated its guidance that rates will “remain at their present levels for an extended period of time, and well past the horizon of the net asset purchases.” The

READ MORE

Bank of England holds key rate at 0.5% in unanimous vote

  • December 14, 2017
  • no comment
  • realestate

The Bank of England on Thursday left its key interest rate at 0.5%, meeting widely held expectations after the central bank in November raised the rate for the first time in a decade. The Monetary Policy Committee voted 9-0 to leave the rate steady. The central bank left unchanged the size of its asset purchase

READ MORE

China’s central bank raises own market rates in response to U.S. Fed hike

  • December 14, 2017
  • no comment
  • realestate

China’s central bank followed a U.S. interest-rate increase with its own move Thursday to blunt the effect of higher U.S. rates on the Chinese economy, which cooled again in November. The People’s Bank of China on Thursday raised two key short-term interest rates. Economists say they expect the world’s second-largest economy to struggle against soaring

READ MORE

Fed raises interest rates and makes few changes to outlook ahead of transition to Powell

  • December 13, 2017
  • no comment
  • realestate

The Federal Reserve on Wednesday lifted a key U.S. interest rate and struck a wait-and-see stance that takes into account weak inflation and a change in leadership at the central bank. The central bank as expected on Wednesday raised its benchmark federal-funds rate by a quarter percentage point to between 1.25% and 1.5% — the

READ MORE

Subscribe to Newsletter

Get weekly updates on mortgage rates, finance, lending and real estate.