Drop in Mortgage Interest Rates Sparks Increase in Loan Applications According to the Mortgage Bankers Association’s seasonally adjusted index, there was a significant rise in mortgage application volume last week due to a drop in mortgage interest rates. The total volume increased by 10.4% compared to the previous week. Mortgage Rates and Loan Balances The…
Economists anticipate higher inflation, potentially impacting interest rate cuts Economists expect that inflation nudged higher in December, a trend that could call into question the market’s eager anticipation that the Federal Reserve will slash interest rates this year. The consumer price index, a widely followed measure of the costs folks pay for a wide range…
Investment Advice for Markets in 2024 As we look ahead to the year 2024, the investment landscape is likely to be shaped by a variety of economic, political, and social factors. With so much uncertainty in the world today, it can be challenging to determine where to invest your money for the greatest return. However,…
Why a Fed Rate Cut in 2024 Could Spell Trouble for US Equity Investors A Warning from Hugh Gimber, Global Market Strategist at JPMorgan Asset Management According to Hugh Gimber, global market strategist at JPMorgan Asset Management, a cut in interest rates by the Federal Reserve next year is likely to have a negative impact…
Philadelphia Federal Reserve President Patrick Harker Suggests a Pause in Rate Hikes Background Philadelphia Federal Reserve President Patrick Harker expressed his belief that the central bank can stop raising interest rates. He made these remarks during a speech at the Delaware State Chamber of Commerce. Harker’s opinions carry weight as he is a voting member…
The Federal Reserve Keeps Interest Rates Steady, Expects One More Hike Introduction In a decision released on Wednesday, the Federal Reserve announced that it will keep interest rates steady for now. However, they also indicated that one more hike can be expected before the end of the year, and fewer cuts are projected for next…
Former President Trump Criticizes High Interest Rates and Discusses Potential Pressure on Federal Reserve Chair Powell Former President Donald Trump expressed concern about high interest rates and hinted at potentially pressuring Federal Reserve Chair Jerome Powell to ease monetary policy if he were to be reelected. In an upcoming interview on NBC’s “Meet the Press,”…
Ray Dalio: Why He Prefers Cash Over Bonds Introduction In this article, we will discuss billionaire investor Ray Dalio’s preference for holding cash instead of bonds in today’s investment environment. Dalio, the founder of Bridgewater Associates, believes that cash is a better option due to rising interest rates and inflation concerns. Dalio’s Perspective Dalio stated…
Google Rolls Out Privacy Sandbox to Chrome Users: A More Privacy-Forward Feature In an effort to enhance user privacy, Google is now rolling out Privacy Sandbox, a technology designed to replace third-party cookies, to all Chrome users. This feature tracks topics of interest based on users’ browsing habits and allows advertisers to deliver relevant ads…
Baldur’s Gate 3 for PS5: Release Date and Features The highly anticipated release of Baldur’s Gate 3 on PlayStation 5 has fans eagerly awaiting its debut. Developed by Larian, this expansive RPG has already impressed PC gamers with its scope and ambition. The PS5 version will launch simultaneously with Starfield on Xbox and PC, slated…
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