by Bloomberg.com | Aug 22, 2024 | alerts, Markets/Economy
Bigger declines needed to spur buyer demand, economist says High prices and tight supply are keeping homes out of reach Mortgage rates in the US resumed their downward path, dropping to a new low for the year. The average for a 30-year, fixed loan was 6.46%, down from...
by Bloomberg.com | Aug 22, 2024 | alerts, Markets/Economy
Traders currently see 100 basis points of cuts by end of 2024 Fed Chair Powell to provide sense of policy path this Friday Traders are overplaying the prospects of an aggressive series of Federal Reserve interest-rate cuts before the end of the year, according...
by Bloomberg.com | Aug 22, 2024 | alerts, Markets/Economy
S&P Global’s flash August gauge declines to 48 from 49.6 Services index edges up; measure of prices received eases US manufacturing activity shrank early this month at the fastest pace this year on further weakness in production, orders and factory employment. The...
by Bloomberg.com | Aug 21, 2024 | alerts, Markets/Economy
Yao says government funds not well suited for venture capital Urgency growing in China to support confidence, private sector A prominent Chinese economist has urged state funds to retreat from venture capital and allow the private sector to play a bigger role in a...
by Bloomberg.com | Aug 21, 2024 | alerts, Markets/Economy
Beijing urged to subsidize consumers, help local governments PBOC has cut rates but borrowing sentiment hasn’t improved A growing chorus of Chinese economists called on Beijing to break away from an implicit budget deficit ceiling, opening the door to more central...
by Bloomberg.com | Aug 21, 2024 | alerts, Markets/Economy
Forty firms have already lost listed status so far in 2024 Forced delistings could harm investors: Shanghai Prospect China’s stock markets are set for a third straight year of record delistings driven by the jump in IPOs over the past decade and tighter rules...
