Economic News

The average rate on a 30- year mortgage in the U.S. climbed this week to its highest level since mid-February, a setback for home shoppers that threatens to slow sales further this spring homebuying season. Mortgage rates are influenced by several factors, including global demand for U.S. Treasurys, the Federal Reserve’ s interest rate policy decisions and bond…

No one ever accused Donald Trump of knowing much about the economy. That fact comes through loud and clear in his tax cut proposals. These were exempting tips, Social Security, and overtime pay from taxes, and also making the interest on auto loans tax deductible.

·Bagudu to World Bank: Nigeria's economic reforms on track. Besides, he stated that the sector witnessed massive growth under President Bola Tinubu, attracting $191 million in Foreign Direct Investment in Q1 2024– a ninefold increase from $22 million in Q1 2023.. Also, yesterday, analysts predicted a hold on monetary policy tools as the Monetary Policy…

On April 5, 2025, the Federal Reserve Bank of St. Louis Economic Policy Uncertainty Index, which provides a daily uncertainty index based on news, forecasting, and tax codes for the United States, reported its highest score in the past 12 months. In this context, uncertainty means a situation where the outcomes are increasingly hard to measure.

Near the end of the legislative session, the Indiana General Assembly received a troubling revenue forecast predicting a $2.5 billion dollar revenue shortfall. High interest rates set by the Federal Reserve and other policies out of our control also continue to have an impact. A recent report from the Bureau of Labor Statistics and Bureau of Economic…

Federal Reserve officials said on Tuesday that higher prices are coming on the back of rising U.S. import tariffs and counseled patience before making any interest rate decisions before it is clear whether the inflation shock will be fleeting or more persistent. And we are hearing from an increasing number of businesses that those strategies… are starting to…

MFA President and CEO Bryan Corbett issued the following statement in response to Securities and Exchange Commission Chairman Paul Atkins' announcement that the Commission will reevaluate the longstanding staff position that limits closed-end funds from investing more than 15% of their assets in private funds:. —MFA President and CEO, Bryan Corbett.

ImmunoPrecise Antibodies Ltd. a leader in AI-driven biotherapeutics, today announced that Dr. Jennifer Bath, CEO of ImmunoPrecise Antibodies Ltd., will be presenting at the Maxim Group’ s virtual conference:. Maxim Group is a registered broker-dealer with the U.S. Securities and Exchange Commission and the Municipal Securities Rulemaking Board and is a…

Even the need for transition- just to be clear- has only just begun to be recognised in the U.S.. For, as Greek Economist Yanis Varoufakis points out, the reality of the western situation and the need for transition was clearly spelled out by Paul Volcker, former chair of the Federal Reserve, as long ago as 2005.. "What holds together the globalist system is a massive and…

Shares in China's CATL, the world's largest maker of electric batteries, jumped about 13% in its Hong Kong trading debut after it raised about $4.6 billion in the world’ s largest IPO this year. Its shares traded in Shenzhen, mainland China's smaller share market after Shanghai, edged 0.1% higher after dipping earlier in the day. China's central bank made its first…

New Hampshire became the first state this month to authorize a strategic bitcoin reserve. Consider the stark reality: As of May, the national debt has surpassed $36.2 trillion, according to U.S. Treasury data. The Congressional Budget Office projects that interest payments will reach $952 billion in 2025, exceeding the government's spending on Medicare and…

The decision, according to the Central Bank, was reached following the quarterly Monetary Policy Committee and Financial Stability Committee meeting. ALSO READ: Central Bank explains decision to hold interest rate steady. Nsengiyumva argued that Rwanda's exposure to recent global trade disruptions, including U.S. tariffs and rising geopolitical…

EJ Antoni argues that Donald Trump should fire Federal Reserve Chairman Jerome Powell "for cause" and that Powell's monetary policies have impoverished Americans while violating legal standards. The Fed was one of many actors. Somewhat True: The Fed kept rates near zero from March 2020 to early 2022.

McLean- based Capital One Financial is scheduled to close on its $35.3 billion acquisition of Discover Financial Services on Sunday, finalizing the merger of the credit card giants announced last year. On April 18, Capital One received approval from the Federal Reserve and the Office of the Comptroller of the Currency to purchase Illinois- based Discover.

2025 MAY 16– By a News Reporter-Staff News Editor at Energy Daily News– Investigators discuss new findings in Investment. Our news journalists obtained a quote from the research from Central Bank Corporation,“ In particular, we demonstrate that unexpected increases in oil supply uncertainty lead to higher real oil prices and a drop in inventories.

The average rate on the 30- year fixed-rate mortgage went up seven basis points to 7.01% in the week ending May 15, according to rates provided to NerdWallet by Zillow. Mercurial trade policy has likely contributed to the rise in mortgage rates, along with Federal Reserve monetary policy and ambiguous inflation data. Let's say you can afford to pay $2,300 a month…

This was announced during the quarterly Monetary Policy Committee and Financial Stability Committee press briefing, which reviewed recent global and national economic trends and outlined potential interventions. ALSO READ: Rwanda to add gold to foreign reserves portfolio in next financial year. Speaking to The New Times in an exclusive interview,…

—Wall Street is cruising Friday toward the finish of a strong week as U.S. stocks glide closer to the all-time high they set just a few months earlier, though it may feel like an economic era ago. It’ s on track for a 5.1% rise for the week, which would be its third winning week in the last four, as hopes build that President Donald Trump will lower his tariffs against other…

Last week, U.S. Senator Jerry Moran voiced strong support on the Senate floor for fellow Kansan Michelle "Miki" Bowman, who has been nominated by President Donald Trump to serve as Vice Chair of the Federal Reserve for Supervision. "When President Trump chose Miki to serve as the community bank representative on the Federal Reserve Board of Governors, it was clear…