US Debt On Course For Interest Payments To Exceed Defense Spending
According to a new research note from Capital Group, the US government’s debt pile continues to grow every day, and it is possible that soon the government will be spending…
UBS Says US Will Enter Recession In 2024, Triggering Interest Rate Slash
According to one top European bank, next year the United States will fall into a recession, which will lead to the Federal Reserve enacting steep interest rate cuts. Back in…
Rising Interest Rates Leave Increasing Numbers Of Car Buyers Underwater
As interest rates rise, and the value of used vehicles declines, car-loan borrowers are experiencing increasing pressure, with many now owing more on their loan than their vehicles are worth.…
Dollar Liquidations By Investors Accelerate As Fed Appears Done Tightening
As sentiment builds that the US Federal Reserve is done with its aggressive campaign of interest rate hikes, investors are offloading their dollar positions at the fastest rate in a…
Türkiye Hikes Interest Rates To 40%
In Thursday, the central bank of Türkiye increased its key interest rate to 40% as the nation continues to grapple with a skyrocketing inflation. The increase marked another 500 basis…
Mortgage Rates Rise To Highest Level Since 2000
On Wednesday, Bloomberg reported that according to an analysis by the Mortgage Banker’s Association, as the Federal Reserve’s policy of interest rate hikes pressured the mortgage industry, US mortgage rates…
Britain Heading For A “Mortgage Meltdown” As Borrowers Miss Payments
On Tuesday, new Bank of England data was released which showed that British households are increasingly falling behind on loan payments, with mortgage arrears increasing by 13% in the second…
UK Home Sales Plunging As Mortgage Costs Soar
In its house price index, real estate firm Zoopla reported that UK home sales are plunging, on course to hit the lowest level in over a decade as mortgage costs…
ECB Hikes Rates To Record Highs
On Thursday, for the ninth consecutive time, the European Central Bank (ECB) hiked interest rates, following a policy of further tightening amid a stubbornly high inflation, as the risks of…
Job Openings Increase Unexpectedly In April
In April job openings hit their highest levels since January. The unusually strong jobs numbers have analysts talking about the possibility the Federal Reserve could implement another interest rate hike…
