There’s Apparently Only a 50/50 Chance Mortgage Rates Rise Above 6.8% This Year
There’s been a lot of fear lately that mortgage rates could rise back above 7% or even higher this year.The driver being inflation...
More war-driven inflation seen in Fed’s favoured gauge
By Vince Golle and Craig Stirling (Bloomberg) — The Federal Reserve’s favoured top-line inflation gauge is rapidly approaching 4% as a war-driven spike...
As inflation rises, Fed’s Waller ready to drop ‘easing bias’
Key insight: Federal Reserve Gov. Christopher Waller said Friday that he supports eliminating language in the Federal Open Market Committee's forward guidance that...
If Bond Yields Are at 52-Week Highs, Why Aren’t Mortgage Rates?
It’s been a very bad month for mortgage rates, yet they remain below year-ago levels.And by some margin too. Had this been last...
Surging gas prices mask weak consumer spending in Canada
Canadian retail sales continued to rise last month after a solid first quarter, but skyrocketing gasoline prices appear to be increasingly eating into...
Kevin Warsh sworn in as Federal Reserve chair
Key takeaway: Kevin Warsh, President Donald Trump's pick to lead the central bank, is now officially the chair of the Federal Reserve. Expert quote:...