July FOMC: Fed maintains stable interest rates
Kevin Warsh has assessed the Federal Reserve’s recent policy actions, particularly addressing inflation, interest rates, and the trajectory of the U.S. economy. This article discusses the Fed’s interest rate decision made in July 2026, and updates will follow as more information becomes available. The Federal Reserve announced on Wednesday that it would maintain interest rates […]
Reasons for Kevin Warsh to reconsider raising interest rates amid increasing concerns about the Iran conflict
A note for new Fed President Kevin Warsh: It’s important not to get swept up in the current narrative. The pandemic isn’t truly behind us, and increasing interest rates right now could be quite unwise. The inflation chaos that swept through 2022 has clearly left central bankers on edge. It seems like they see inflation […]
Home sales rise in June, yet increased mortgage rates continue to discourage potential buyers.
Single-Family Home Sales Experience Slight Uptick in June New single-family home sales in the United States managed to reverse a two-month downward trend in June. However, the ongoing rise in mortgage rates and home prices is still keeping many potential buyers sidelined. Sales of new homes increased by 1.6%, reaching 628,000 units on a seasonally […]
ECB keeps rates unchanged: What’s behind the Euro’s increase?
EUR/USD Movement and ECB Insights The EUR/USD pair climbed to approximately 1.1385 during early trading in Europe on Friday, buoyed by growing expectations of a potential interest rate hike from the European Central Bank (ECB). Later in the day, attention will shift to the preliminary Purchasing Managers’ Index (PMI) figures for July, covering the Eurozone, […]
Gold prices in India: Rates for July 24
Gold prices in India saw a decline on Friday, as reported by FXStreet. The price dropped to INR 12,504.78 per gram from INR 12,566.10 the previous day. For tola, the price decreased from Rs 146,568.50 to Rs 145,853.30. unit measurement Gold price in INR 1 gram 12,504.78 10 grams 125,047.80 tola 145,853.30 troy ounce 388,942.40 […]
Euro loses ground to British Pound as ECB maintains interest rates
The euro (EUR) is facing some pressure against the British pound (GBP) as traders digest the recent monetary policy moves from the European Central Bank (ECB). Currently, EUR/GBP is hovering around $0.8530, which is its highest point in over a week, after peaking at $0.8544 earlier in the day. Following a 25 basis point interest […]
Mortgage rates and increasing inventory lead 9 cities into a buyer’s market
Shifts in the Housing Market Favor Buyers in Some Regions As some areas in the United States adapt, the long-standing seller’s market for homebuyers is starting to shift. This change is particularly evident in various metropolitan regions. On Tuesday, Realtor.com released its second quarter report, examining housing trends at both national and metropolitan levels. The […]
Apple Music subscription rates increase because of higher licensing expenses
Apple Increases Subscription Prices Amid Rising Costs Apple has raised the prices for Apple Music subscriptions and some Apple One plans due to increasing licensing expenses. Recently, the tech giant adjusted its pricing across various Apple Music subscription tiers. Personal plans will now cost $11.99 per month, up by $1, and student plans also see […]
Insurers in California are allowed to set higher rates for single adults following a ruling.
California Court Ruling on Auto Insurance Premiums In a surprising decision, Californians who are divorced, widowed, or single may face higher auto insurance rates. A ruling from the California Court of Appeals upheld a regulation dating back to 1996, permitting auto insurance companies to consider marital status when determining premiums, citing a “substantial relationship to […]
Bank of Korea increases rates to 2.75% in first rise in more than three years
Bank of Korea Raises Interest Rates Amid Rising Inflation Seoul, South Korea – The Bank of Korea (BOK) has increased its benchmark policy interest rate by 25 basis points, bringing it to 2.75%. This marks the first rate hike since January 2023, and it’s a response to domestic inflation that has been gradually increasing. This […]