Mortgage Rates Soar to 6.91%, Intensifying Challenges for Homebuyers
Mortgage rates have climbed again, creating additional challenges for potential homebuyers. The average rate for a 30-year fixed mortgage recently reached 6.91%, the highest in nearly six months, up from 6.85%. The rise in mortgage rates occurred despite the Federal Reserve’s multiple interest
Jerome Powell’s Leadership: Navigating Inflation and New Economic Challenges
Federal Reserve Chair Jerome Powell has skillfully navigated the U.S. economy through crises like the pandemic and record-high inflation. While inflation has dropped near the Fed’s 2% target, challenges loom large, with President-elect Donald Trump’s policies threatening to push prices back up. Inflation
Dow Drops Over 1,100 Points, Hits Longest Losing Streak Since 1974
Dow Experiences Historic Decline The Dow Jones Industrial Average fell sharply on Wednesday, dropping over 1,123 points (2.6%). This marks the longest losing streak since 1974, extending its slide to 10 consecutive days. The plunge came after the Federal Reserve’s policy statement indicated
Gold Prices Dip from Near-Record Highs Amid Uncertain US Fed Rate Cut Expectations
Gold Price Update On September 7, 2024, gold prices dropped from near-record highs due to mixed US job data, which has cast doubt on a significant interest rate cut by the Federal Reserve. After approaching a peak of $2,531 per ounce, gold prices