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Adjustable-rate mortgages, which got a bad name during the housing meltdown of the late 2000s, are gaining some traction again as would-be homebuyers face the highest rates in decades for fixed-rate mortgages.
Spending at US retailers continued to grow last month, a fresh sign that American shoppers aren’t tapping out just yet.
Federal Reserve officials may not raise interest rates when they meet in two weeks but neither will they say their 19-month drive to hike borrowing costs is over, a difficult messaging challenge U.S. central bank chief Jerome Powell will take on this week. * And underlying inflation appears to be cooling, but a jump in housing and services prices in September threatened, as one analyst said, to spoil the Fed's "narrative" that price pressures would continue to wane. With fodder to bolster either side of the policy debate, Powell must make sense of it all without triggering eit...
Inflation is bound to see a sharp drop, as rent prices aren't growing nearly as fast as markets think, according to one veteran investor.
The surge in US treasury yields has sparked much anxiety among investors, in part because there is no easy explanation for the rise.Perplexing moves by US treasuries in response to economic news "suggest a shift in bond investors' focus from what monetary policymakers may do, to rising alarm about what fiscal policymakers are doing."