So long, mortgage rate stability. After six weeks of hovering between 6.6% and 6.7%, mortgage rates rose sharply this week, according to Freddie Mac’s latest survey, reflecting recent bond market volatility.
Federal Reserve Chairman Jerome Powell said Wednesday the central bank will "wait for greater clarity" before considering any interest rate adjustments as he expects President Trump’s tariffs to generate "higher inflation and slower growth."
South Koreas central bank left its policy interest rate unchanged as expected on Thursday, a decision designed to aid a wobbly won as Washingtons attempts to reorder global trade by imposing sweeping tariffs threaten to damage economic growth.
Completing tariff deals with major countries may take longer than the 90-day pause the Trump administration instituted last week.
Russias ruble is the top-performing currency of 2025 relative to the US dollar. Greenback weakness and Russian interest rates have strengthened the ruble. But a stronger currency could weigh on Russias export revenue.
Stocks fell sharply on Thursday as tariff headlines again weighed on markets just a day after the US stock market enjoyed one of its best days on record.
In the lead-up to the presidents pivot, markets were unraveling: Stocks slid sharply, with the S&P 500 on the brink of a bear market. But the real alarm bell? A sharp, unexpected surge in long-term Treasury yields — a move that seemed to force the presid
At 1:18 p.m. ET, Trump posted on his social media platform Truth Social there would be a 90-day pause on his steep "reciprocal" tariffs for non-retaliating countries.
Real estate investment trusts (REITs) have recently generated better returns than the S&P 500—a trend UBS analysts believe will continue. Real estate may be better-insulated from tariffs than other industries represented in the benchmark stock index, UBS
The benchmark index fell roughly 9% between March 31 and April 4 in a tariff-fueled sell-off. Similarly, as the pandemic spread throughout the United States, stocks lost 12.5% in five trading sessions in 2020. But market experts say stocks recovery will
Early Tuesday morning, stocks looked poised to stage a "Turnaround Tuesday" rally as tariff negotiation hopes ran high. By the end of trading on Wall Street, those hopes had been dashed.
JPMorgan believes the US economy will enter a recession in the back half of 2025 as the impact of President Trump tariffs takes hold in the economy. The firms chief US economist Michael Feroli sees a two-quarter recession occurring in the back half of 2
Watch 4,700 as the next level for support for the S&P 500, Morgan Stanley says. Valuations will be more attractive at this level, which is near the indexs 200-week moving average. But Wall Street is also bracing for more pain, with forecasts as low as
US stocks plunged in after-hours trading Wednesday as investors digested President Donald Trump’s decision to impose sweeping tariffs that could escalate a growing trade war and upend the global economy.
Donald Trump unveiled and then enacted a two-step tariff approach Wednesday as his long-awaited "Liberation Day" plans were released during a Rose Garden event at the White House.
