The dollar hit an 8-week low against the yen and a 1-month low against the pound amid declining investor concerns about inflationary risks related to Trump’s trade policy. The Japanese yen strengthened due to expectations of an interest rate increase by the Bank of Japan. Representatives of the regulator supported a further increase in the…
Saudi Arabia increased the price of Arab Light oil for Asia by $2.40 per barrel in March, reaching the maximum price increase since August 2022. This is due to higher premiums for Middle Eastern raw materials and improved refining margins in the region. Sanctions against Russian oil have forced Asian refiners to look for alternatives,…
In that post, I noted that the next recession would likely be caused by one of the following: • “An exogenous event such as a pandemic, significant military conflict, disruption of energy supplies for any reason, a major natural disaster (meteor strike, super volcano, etc), and a number of other low probability reasons. All of…
by Calculated Risk on 2/06/2025 12:13:00 PM Today, in the Calculated Risk Real Estate Newsletter: MBA: Mortgage Delinquencies Increased Slightly in Q4 2024 A brief excerpt: From the MBA: Mortgage Delinquencies Increase in the Fourth Quarter of 2024 The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of…
by Calculated Risk on 2/05/2025 07:32:00 PM Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Thursday:• At 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus is for a increase to 214 thousand from 207 thousand last week. Source link
by Calculated Risk on 2/05/2025 11:37:00 AM Today, in the Real Estate Newsletter: Asking Rents Mostly Unchanged Year-over-year Brief excerpt: Another monthly update on rents. Tracking rents is important for understanding the dynamics of the housing market. Slower household formation and increased supply (more multi-family completions) has kept asking rents under pressure. … Apartment List:…
The heads of the Federal Reserve Banks of Boston and Atlanta, Susan Collins and Rafael Bostic, believe that given the uncertainty in the US economy and politics, there should be no rush to lower the base interest rate. Collins noted the importance of a cautious approach in monetary policy, pointing out the prematurity of sudden…
Gold has once again delighted its investors by reaching a new record high. The precious metal is benefitting from the tense geopolitical climate caused by the ongoing trade tensions between the U.S. and other countries. The precious metal is actively attracting investment as people seek safe assets amid renewed worries of a trade war between…
Belgium has launched a new government led by Flemish nationalists from the N-VA party, which won the elections eight months ago. For the first time in the country’s history, the post of Prime Minister of the federal government was occupied by N-VA leader Bart De Wever. The formation of the cabinet was completed after an…
by Calculated Risk on 2/04/2025 07:58:00 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 mortgage purchase applications index. • At 8:15 AM, The ADP Employment Report for January. This report is for private payrolls only (no government)….