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Rent Guidelines Board holds rents steady on 1M apartments under Mamdani

Rent Guidelines Board holds rents steady on 1M apartments under Mamdani

Concerns Over NYC Rent Freeze Raise Questions on Housing Stability Arpit Gupta, the sole dissenting member of New York City’s Rent Guidelines Board (RGB), expressed concerns about the recent decision to freeze rents. He told Fox News Digital that this policy could ultimately lead to the decline of older, rent-stabilized buildings, as landlords may lack […]

Australian Dollar holds steady against Japanese Yen as CPI eases and BoJ maintains a strong stance.

EUR/JPY declines as Eurozone growth faces intervention-supported Yen

The AUD/JPY currency pair has steadied after a six-day downturn, hovering around 0.6920 during Asian trading hours on Wednesday. The Australian dollar (AUD) sees some fluctuations as the market digests the latest Consumer Price Index (CPI) statistics from Australia. In May, Australia’s inflation rate decelerated more than analysts had anticipated, providing some comfort to policymakers. […]

Reasons for steady oil prices: Iran delivers 20 million barrels as China reduces imports

Reasons for steady oil prices: Iran delivers 20 million barrels as China reduces imports

Market Update: Oil Prices Fluctuate Amid Geopolitical Tensions Last week brought significant upheaval to the oil market. Following a tentative agreement between Iran and the Trump administration, roughly 20 million barrels of crude oil have made their way to the global market. This development has eased export restrictions and reopened the Strait of Hormuz, a […]

Australian Dollar stays mostly steady as strong Fed and RBA forecasts meet.

AUD/USD Price Outlook: Appears set to rise above important barrier of 0.7220

Trading for the AUD/USD pair remained relatively stable on Friday. Signals from both the Federal Reserve and the Reserve Bank of Australia suggested hawkish policies, which kept the US dollar within a limited range, despite a slight dip. As of now, the pair is sitting around 0.7011 and appears set for weekly losses. This week, […]

Central Bank Keeps Interest Rates Steady

Central Bank Keeps Interest Rates Steady

Federal Reserve Keeps Interest Rates Steady The Federal Reserve decided to maintain its benchmark interest rate at 3.5% to 3.75% on Wednesday. This policy statement came during Kevin Warsh’s inaugural meeting as chairman, and it’s notably shorter than previous statements, omitting the forward guidance that had shaped the Fed’s communications for over ten years. “It’s […]