Freddie Mac says average rate on a 30-year mortgage fell to 6.86% this week, the lowest level since early April
McLEAN, Va. (AP) — Freddie Mac says average rate on a 30-year mortgage fell to 6.86% this week, the lowest level since early April.
McLEAN, Va. (AP) — Freddie Mac says average rate on a 30-year mortgage fell to 6.86% this week, the lowest level since early April.
The “nein”, “non” or just a plain old “no way” has already been uttered. As France prepares for its most significant election in at least a decade, with its leading parties committed to increasing the government’s already lavish spending, Christian Lindner, the German finance minister, has made one point clear: France is not going to get a bailout, and certainly not from its close neighbours.
The Fed got another positive signal that inflation is easing after running hotter-than-expected in the first quarter, but the central bank still likely needs more time before cuts can begin in 2024.
BEIJING (Reuters) -China's manufacturing activity fell for a second month in June while services activity slipped to a five-month low, an official survey showed on Sunday, keeping alive calls for further stimulus as the economy struggles to get back on its feet. The National Bureau of Statistics (NBS) purchasing managers' index (PMI), at 49.5 in June, was unchanged from May, below the 50-mark separating growth from contraction and in line with a median forecast of 49.5 in a Reuters poll. "Actual industrial activity should be stronger than the data suggests as our observation is that the official PMI fails to fully capture the current export momentum, which has been the major economic driver this year," said Xu Tianchen, senior economist at the Economist Intelligence Unit.
Jordan Bardella, the fresh-faced 28-year-old who could be the first French prime minister for Marine Le Pen’s hard-Right National Rally party, has designs on EU cash.
Rob Trewhella’s biggest worry ahead of his 68th birthday in August is that there will come a time when he is no longer able to work.
If you've seen yourself paying a hefty bill at the grocery store or tried to fill your tank, only to get a fraction of what you once paid for, you've likely noticed that many of these costs have...
U.S. monthly inflation was unchanged in May as a modest increase in the cost of services was offset by the largest drop in goods prices in six months, drawing the Federal Reserve closer to start cutting interest rates later this year. The report from the Commerce Department on Friday also showed consumer spending rose marginally last month. Underlying prices advanced at the slowest pace in six months, raising optimism that the U.S. central bank could engineer a much-desired "soft landing" for the economy in which inflation cools without triggering a recession and a sharp rise in unemployment.
By next Friday, we are very likely to have a Labour government with a working majority, if not a landslide victory – and as Rishi Sunak has repeatedly pointed out during his campaign, the threat of higher taxes is looming large. I am going to make a few suggestions about how we might prepare.
Revised figures show the economy grew by 0.7% between January and March this year.
Bill Clinton’s campaign was right on the money when it coined the famous “It’s the economy, stupid” slogan in 1992. That’s because the economy has consistently ranked among the top – if not the very top — voter issues in presidential election after presidential election.
We are at a crossroads as a nation. Do we want five more years of chaos and decline or stability and change that can build a brighter future? That is what is on the ballot paper at this general election and it is the choice Telegraph readers will have to make on Thursday.
The 2017 Tax Cuts and Jobs Act implemented by the Trump administration resulted in slashing the corporate tax rate by 14%, cutting individual income tax rates and increasing the standard deduction.
Inflation has slowed but is above its ideal rate. Nobel Prize-winning economist Joseph Stiglitz broke down why Trump's policies could make it worse.
The Netherlands is expected to pay billions of pounds in compensation to taxpayers after a divisive levy on investments and second homes was shot down by the Dutch Supreme Court.
A measure of prices that is closely tracked by the Federal Reserve suggests that inflation pressures in the U.S. economy are continuing to ease. Friday's Commerce Department report showed that consumer prices were flat from April to May, the mildest such performance in more than four years. Excluding volatile food and energy prices, so-called core inflation rose 0.1% from April to May, the smallest increase since the spring of 2020, when the pandemic erupted and shut down the economy.
(Reuters) -U.S. Federal Reserve officials got encouraging data on Friday suggesting inflation is cooling, news that helped ease doubts over how well monetary policy is doing its job after stronger-than-expected price increases earlier in the year. But while progress on a month-to-month basis is increasingly clear, the road to the Fed's 2% inflation goal - measured in year-over-year terms - is likely to be long, complicating discussions about when to cut interest rates. "We are getting evidence that (policy) is tight enough," San Francisco Federal Reserve Bank President Mary Daly told CNBC in an interview just minutes after a Bureau of Economic Analysis report showed inflation did not rise at all from April to May. "It's really challenging to look anywhere and not see monetary policy working: we have growth slowing, spending slowing, the labor market slowing, inflation coming down."
A woman has been arrested after footage was widely circulated that appeared to show a prison officer having sex with an inmate.
Five Indian soldiers were killed when a military tank they were travelling in sank while crossing a river in the remote region of Ladakh that borders China, officials said Saturday. The tank sank early Saturday due to sudden increase in the water levels of Shyok River during a military training activity, according to an Indian army command center statement. It said the accident took place in Saser Brangsa near the Line of Actual Control that divides India and China in the Ladakh region.
George Clooney and his wife, Amal, were spotted in St Tropez this past week, and Amal made the most of the glorious sunshine with a flirty floral mini dress. See the pictures here...
Japanese embassy in China lowers its flag to half mast to honour victim Hu Youping’s death