Mortgage rates linger above 7% for another week
US mortgage rates remained flat this week, hovering over 7%, where they’ve been for six consecutive weeks as inflation pressures persist.
Source: cnn.com
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Brace for another Fed rate hike thanks to a 'problematic' surge in oil prices, billionaire investor Jeff Gundlach says
The US central bank will likely increase interest rates again as higher oil prices fan inflation risks, before cutting them in the first half of 2024, according to Gundlach.
Source: yahoo.com
Baby boomers are big winners from the Fed's policies - but younger generations are 'screwed,' market veteran says
Baby boomers' stocks and houses gained value for years due to low interest rates, and now they can earn 5% from Treasury bills, Larry McDonald said.
Source: yahoo.com
US Fed likely to pause rate hikes and raise growth forecast
Analysts expect the US Federal Reserve to pause interest rate hikes on Wednesday as the central bank looks to tame inflation while avoiding a recession, despite a recent energy-fueled rise in consumer prices.Despite rising slightly due to increased energy costs, inflation remains well below last year's peak, while economic growth remains robust and the unemployment rate sits close to record lows -- raising hopes the Fed can slow price increases without triggering a downturn.
Source: yahoo.com
Tech stocks will rally through year-end and beyond despite Fed fears as 'tidal wave' of AI spending drives new bull market, Wedbush says
Though investors remain uncertain on Fed policy, AI spending will boost tech stocks higher into 2024, Wedbush's Dan Ives wrote.
Source: yahoo.com