Terry Vine | Getty Images Falling fertility rates are set to spark a transformational demographic shift over the next 25 years, with major implications for the global economy, according to a new study. By 2050, three-quarters of countries are forecast to fall below the population replacement birth rate of 2.1 babies per female, research published … Read more
Wong Yu Liang/Getty Images The Federal Reserve’s interest rate bumps over the last two years helped push average mortgage rates into unaffordable territory, leaving prospective buyers on the sidelines and keeping the housing market immobilized. Since last summer, the Federal Open Market Committee has kept the federal funds rate steady at between 5.25% and 5.50%. … Read more
Vanguard doesn’t expect the Federal Reserve to cut interest rates this year, defying the view from Fed officials that the central bank remains on track to reduce rates three times in 2024. The Fed on Wednesday left interest rates unchanged for the fifth consecutive time, as expected, keeping its benchmark overnight borrowing rate in a … Read more
LONDON — The Bank of England on Thursday held interest rates steady at 5.25%, but hinted at cuts on the horizon as inflation falls faster than expected. The Monetary Policy Committee voted 8-1 to keep rates steady, with one member voting to cut by 25 basis points to 5%. Notably, no members voted for further … Read more
The Swiss national flag hangs from the Federal Palace, Switzerland’s parliament building, in Bern, Switzerland, on Thursday, Dec. 13, 2018. The Swiss National Bank cut its inflation forecast and showed no inclination of moving off its crisis-era settings, citing the francs strength and mounting global risks. Photographer: Stefan Wermuth/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty … Read more
LONDON — Price rises in the U.K. eased by more than anticipated in February, official figures showed Wednesday, raising expectations that the Bank of England may start cutting interest rates in the next few months. The Office for National Statistics said inflation, as measured by the consumer price index, fell to 3.4%, its lowest level … Read more
An editorial montage of the Japan flag and Japanese yen cash bank notes Javier Ghersi | Moment | Getty Images Japan’s central bank raised interest rates on Tuesday for the first time since 2007, ending the world’s only negative rates regime and other unconventional policy easing measures enacted over the course of the last few … Read more
An eagle tops the U.S. Federal Reserve building’s facade in Washington, July 31, 2013. REUTERS/Jonathan Ernst/ Jonathan Ernst | Reuters The Federal Reserve and the European Central Bank look poised to make “major progress” in cutting interest rates this year, according to the central bank of central banks. Agustín Carstens, general manager of the Bank … Read more
Federal Reserve Chairman Jerome Powell prepares to testify before the Senate Banking, Housing and Urban Affairs Committee on March, 7 2024. Kent Nishimura | Getty Images News | Getty Images WEST PALM BEACH, Fla. — The U.S. Federal Reserve is likely to start cutting interest rates by the end of the second quarter despite recent … Read more
The First Street Foundation study points out that insurers could offer discounts to homeowners who take steps to fortify their homes, which would help make disasters less damaging. Moore said Florida once was a leader when it came to measures like building codes, although that has changed in recent years. The state also had lacked … Read more