The average long-term U.S. mortgage rate ticked up this week to just below its high for the year, the latest sign that borrowing costs on home loans remain elevated relative to where they were before the war with Iran started. They generally follow the trajectory of the 10- year Treasury yield, which lenders use as a guide to pricing home loans.
Economic News
CNW CurrenSees Exploring the policies, markets and global events influencing currencies and the movement of money worldwide June 11, 2026 – via CurrencyNewsWire — The Federal Reserve announced that results from its annual stress test of 32 large U.S. banks will be released on June 24. The exercise assesses whether major lenders hold sufficient capital to absorb losses and continue lending during […]
—The European Central Bank on Thursday became the first major central bank to raise interest rates in response to the Iran war as policymakers around the world including new U.S. Oil prices have risen sharply due to Iran choking off the flow of crude oil through the Strait of Hormuz, the sea passage for a fifth of the world’ s oil and fuel products during normal times.
But as Newsom and leaders of the Assembly and Senate hash out their final budget agreement, the tax increase with the most momentum in those negotiating rooms is one that is likely to fall largely on everyday Californians in the form of increased costs for private health insurance monthly premiums. The money raised is not set to go into the state’ s Medi-Cal…
WASHINGTON- Rising https://apnews.com/article/gasoline-prices-oil-war-iran-strait-of-hormuz-87f47b69ff4d5c0d16853fc36089e81b "> gas prices pushed inflation to its highest level in three years last month, a headache for the Federal Reserve and a potential political challenge for the Trump administration as midterm…
WASHINGTON- U.S. consumer inflation increased at its fastest pace in three years in May, boosted by surging prices for energy products amid the Middle East conflict, and giving more ammunition for the Federal Reserve to keep interest rates unchanged into 2027.. The soaring cost of living is a political liability for President Donald Trump and his Republican…
—Rising gas prices pushed inflation to its highest level in three years last month, a headache for the Federal Reserve and a potential political challenge for the Trump administration as midterm elections near. Consumer prices rose 4.2% in May from a year earlier, the Labor Department said Wednesday, up from 3.8% in April and the third straight monthly increase.
2026 JUN 09– By a News Reporter-Staff News Editor at NewsRx Policy and Law Daily– Investigators publish new report on Economics. According to news reporting originating from New York City, New York, by NewsRx editors, the research stated,“ The U.S. Supreme Court may soon embrace an interpretation of the U.S.”. Our news editors obtained a quote from the research from…
According to news reporting originating in New York City, New York, by NewsRx journalists, research stated,“ We study the effect of risk on how firms organize their supply chains. Funders for this research include Federal Statistical Research Data Center under FSRDC, Federal Statistical Research Data Center under FSRDC. The news reporters obtained a quote from…
The U.S. public's inflation outlook was little changed in May despite the strong upward pressure on prices resulting from the war in the Middle East, a survey released by the New York Federal Reserve showed on Monday. The relative calm in inflation expectations will likely cheer U.S. central bank officials as they prepare for their June 16-17 policy meeting.
As the former Italian prime minister Mario Draghi, recently remarked:“ For the first time in living memory, truly alone together.”. One step towards digital economic sovereignty could involve the European Central Bank issuing the digital euro sooner than planned. It would be backed by the ECB and usable for everyday payments across the euro zone.
The following information was released by the American Financial Services Association:. A new post on the Federal Reserve Bank of New York's Liberty Street Economics blog acknowledges an old idea: usury limits, otherwise known as interest rate caps, don't work. The authors also lay out the textbook economic theory on interest rate ceilings and go on to describe…
This September, the Federal Reserve Bank of San Francisco's Phoenix Processing Center celebrates 25 years of serving Arizona's financial institutions and communities. Watch how the Federal Reserve Bank of San Francisco's Phoenix Processing Center serves the Arizona market. Southern California, Arizona, and Nevada were all being served by the Los Angeles…
The news reporters obtained a quote from the research from Federal Reserve Bank,“ These elasticities are crucial for a wide range of policy questions, ranging from the size of fiscal multipliers to the relative effectiveness of asset purchases targeting the financial sector versus tax cuts targeting households. For more information on this research see:…
Pricey mortgages have been weighing on the housing market more broadly, which has not escaped President Donald Trump. He has waged an aggressive campaign to pressure the Federal Reserve, which sets the short-term benchmark rate, to make deeper cuts to the cost of borrowing. The Fed directly influences the federal funds rate, a short-term interest rate that…
The following information was released by the Federal Reserve Board:. Thank you for the opportunity to speak to you.1 The U.S. economy relies on a strong and stable banking system that extends credit to households and businesses. Today I want to share with you a few thoughts on the Federal Reserve's role in overseeing the banking system and supporting financial…
The U.S. added 172,000 jobs in May, the government said in a report that far exceeded expectations and continued a robust run of hiring after a sluggish 2025.. The Bureau of Labor Statistics said Friday the unemployment rate remained steady at 4.3%. Wall Street had been expecting employers to add about 80,000 jobs and for the unemployment rate to hold steady.
U.S. homebuyers can't get a break. Pricey mortgages have been weighing on the housing market more broadly, which has not escaped President Donald Trump. He has waged an aggressive campaign to pressure the Federal Reserve, which sets the short-term benchmark rate, to make deeper cuts to the cost of borrowing.
Federal Reserve Chairman Kevin Warsh inherits an economy bolstered by an AI investment boom but pinched by rising prices from the Iran war, a new Fed survey showed, setting up a fight over an interest rate hike at his debut policy meeting in two weeks. Most U.S. regions experienced higher inflation from late April to late May due to energy-related costs tied to the…
