Currency market steadies ahead of U.S. inflation test, Fed decision
Markets are currently pricing in a roughly 56% chance of a cut in September, according to the CME FedWatch tool,...
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Dollar firms after hot retail sales, yen languishes; China data awaited
In the U.S., retail sales rose 0.7% last month, compared with the 0.3% rise that economists polled by Reuters had forecast. Data...
Dollar jumps on central bank divergence, euro hits five-month low
In this photo illustration, the man is holding several U.S. dollar bills with some Chinese yuan in the background.Sopa Images...
Dollar steadies, yen pinned near 152
The yen was last at 151.585 per dollar, languishing near last month's slump to 34-year lows of 151.975 in the wake of...
Property investors remain bullish in outlook despite economic uncertainty – Mortgage Strategy
Property investors remain optimistic about the year ahead, despite ongoing economic and regulatory challenges. Research by specialist lender Market Financial...
RealPage antitrust lawsuits allege collusion among corporate landlords
Tenants say the management started to increase prices substantially after giving renters concessions during the Covid-19 pandemic.The 527-unit building is...
Dollar snaps two-year winning streak on 2024 rate cut bets
Since the Fed launched its aggressive rate-hike cycle in early 2022, expectations of how far U.S. rates would have to...
Wall Street’s expecting a soft landing in 2024—but that doesn’t mean stocks will soar
At the start of 2023, most economists and Wall Street leaders were convinced that a U.S. recession was imminent. With the Federal Reserve rapidly hiking interest rates to fight inflation, raising borrowing costs for already struggling businesses and consumers nationwide, economic and market forecasts were bleak. Investment banks’ average year-end price target for the S&P 500 fell to just 4,000 as bearish predictions flooded in late last year, implying the blue chip index would rise a mere 4% this year (compared to its roughly 10% average yearly gain since 1957)....
Dollar gains as Fed, Middle East in focus
"Largely I think we're still basing currency movements on interest rates," and the Fed's "very determined attempt to keep interest...
