Page 21 - Basis Point News Today

Mortgage rates, which have now reached their highest level from 2008. >> emilie ikeda reporting there. lets bring in former treasury official and "morning joe" economic analyst, steve rattner. good morning, youve called this one, 3/4 of a basis point, and more to come. how long will this go on for the fed? how long will they have to continue to raise rates? >> thats a matter that has to evolve over time. the feds favorite phrase is to say theyre data dependent, meaning they look at each piece of...

Just like misery, inflation loves company. And as price increases linger near 40-year highs, the United States has plenty of it.

U.S. mortgage rates topped 6% last week, data from the Mortgage Bankers Association indicated Wednesday, the highest since 2008.

My cat Myrtle has a certain amount of “girth,” as they say. But I tell her that she carries it well as the calories from line-caught halibut have far outweighed her time working out to burn them off. In fact, I’d be hard-pressed to remember her ever pumping iron. Turning to humans, it’s a proven fact that during the pandemic 87 percent of gym members didn’t even know that their gym was closed. Okay, maybe not proven, but it makes sense. Something else that make...

Stocks on Wall Street fell broadly for the first time since the start of this week after minutes from the Federal Reserve July meeting stirred debate on the d

NEW YORK, Aug 9 — Euro zone bond yields steadied today as markets sought direction on the eve of a critical US inflation print, while traders raised their bets on the European...

High do you think it might go? -ii its really interesting because it depends on a lot of unknown factors, namely geopolitical tensions in the war in ukraine which has sharply risen commodity prices, oil and gas as well as soft commodities like wheat. the bank of england is saying inflation will break above 11% by october and the resolution foundation are saying it could top 15% next year. what we know is that inflation is on the rise and interest rates are set to rise as well. notjust today but ...

People are going to wake up and like, whoa, what happened? s give me an example. you mentioned the new home sales, the average price of in april was five hundred sixty nine thousand last month. .was four hundredwo fifty six thousand in two months it lost one hundred thousand in value. think about that for a moment. what have you bought a new house two monthso mo go and youe already a hundred thousand dollars in the hole. $100,000 i almost every single day. so when im looking at this data, you kn...

Have -- >> todd: that wasnt just a moment, he annihilated that bore, carley. that was majorly at level. >> carley: it really was! like i said, is going to be assured it is money to cover got to talk about that and so much more. we do have some serious news to get to, including this. we are awaiting the release of a potentially devastating economic report that could reveal we are in a recession record numbers coming up today. >> todd: comes as senator joe manchin reverses course and agrees to sup...

The fed is expected to raise interest rates by .75%. is 75 the basis point were looking for? if so, what are the implications of the fed doing that again just a few weeks after they did it. >> i think thats what we are going to see. i dont want to say its a goldy locks number but people are going to think something much worse is in the offing if its higher and if its lower, people are going to think the doctor is not prescribing enough medicine. the more important piece is not the 75 basis point...