On September 7, eight OPEC+ countries – Russia, Saudi Arabia, the United Arab Emirates, Iraq, Kuwait, Kazakhstan, Oman and Algeria – will consider the possibility of increasing oil production in October. No final decision has been made yet: countries can either increase production or suspend expansion. In September, the G8 has already increased quotas by…
by Calculated Risk on 9/03/2025 02:00:00 PM Beige Book – August 2025 Most of the twelve Federal Reserve Districts reported little or no change in economic activity since the prior Beige Book period—the four Districts that differed reported modest growth. Across Districts, contacts reported flat to declining consumer spending because, for many households, wages were…
The British pound weakened sharply on Tuesday amid concerns about the stability of government finances. The GBP/USD exchange rate decreased by 1.22%, falling to 1.3373, the lowest since August 7. The pressure was increased by an increase in the yield of 30-year government bonds to the levels of 1998, which spread to the foreign exchange…
by Calculated Risk on 9/03/2025 11:53:00 AM Today, in the Calculated Risk Real Estate Newsletter: Q2 Update: Delinquencies, Foreclosures and REO A brief excerpt: Even with the recent weakness in house prices, it is important to note that there will NOT be a surge in foreclosures that could lead to cascading house price declines (as…
On Tuesday afternoon, the US dollar accelerated its growth in pairs with the euro, pound and yen amid increased demand for defensive assets and sales in global equity and bond markets. The ICE dollar index (DXY), which tracks the dynamics of the US currency against a basket of six currencies, rose by 0.57%, the highest…
by Calculated Risk on 9/02/2025 08:21:00 PM Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Wednesday:• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index. • At 10:00 AM, Job Openings and Labor Turnover Survey for July from the BLS. •…
by Calculated Risk on 9/02/2025 12:27:00 PM From the Census Bureau reported that overall construction spending decreased: Construction spending during July 2025 was estimated at a seasonally adjusted annual rate of $2,139.1 billion, 0.1 percent below the revised June estimate of $2,140.5 billion. The July figure is 2.8 percent below the July 2024 estimate of…
Precious metals prices rose markedly on Monday, with gold reaching a four–month high and silver reaching its highest level since September 2011. On the spot market, gold rose 1% to $3,487 per ounce, while December Comex futures rose 0.8% to $355. Silver added 2.4% to $40.61 per ounce. The increase in quotations is due to…
by Calculated Risk on 9/02/2025 10:00:00 AM (Posted with permission). The ISM manufacturing index indicated contraction. The PMI® was at 48.7% in August, up from 48.0% in July. The employment index was at 43.8%, up from 43.4% the previous month, and the new orders index was at 51.4%, up from 47.1%. From ISM: MManufacturing PMI®…
The financial markets started autumn turbulently: the dollar collapsed to a 5-week low under pressure from a court ruling on Donald Trump’s tariff policy. Intel received a $5.7 billion advance under the CHIPS Act. Meta unexpectedly began talks on a partnership with Google and OpenAI to strengthen its AI position, and Oracle shares plunged by…