United States – Page 16

No Urgency to Cut Interest Rates Given US Economy’s Strength

March 4, 2024

WASHINGTON (Reuters) -The U.S. Federal Reserve is under no urgent pressure to cut interest rates given a "prospering" economy and...

Economy

What Is Going on With Europe’s Economy?

March 4, 2024

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The Old World has new problems. Over the course of 2023, the European economy saw close to zero growth. The...

Economy

Fitch affirms United States’ ratings at ‘AA ‘, outlook ‘stable’, despite projected slowdown in 2024

March 2, 2024

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Credit ratings agency Fitch on March 1 assured that United States' long-term foreign currency sovereign credit rating at "AA "...

Money

Fitch Affirms United States’ Ratings at ‘AA+’, Outlook ‘Stable’

March 1, 2024

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(Reuters) -Credit ratings agency Fitch on Friday affirmed United States' long-term foreign currency sovereign credit rating at "AA+" with a...

Economy

China bolsters defence of overseas EV sales against US, EU counterpunches

February 29, 2024

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Also this week ahead of the “two sessions” annual parliamentary meetings, the China National Democratic Construction Association – a minor...

Mortgages

US Mortgage Rates Rise for a Fourth-Straight Week, Freddie Mac Says

February 29, 2024

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NEW YORK (Reuters) - U.S. mortgage rates rose for a fourth-straight week, Freddie Mac reported on Thursday, reaching a two-month high and again becoming a factor impeding traffic among rate-sensitive prospective home buyers.The average rate on a 30-year fixed-rate mortgage ticked up to 6.94% for the week ended Feb. 29 from 6.90% the week prior, the report said.“The recent boomerang in rates has dampened already tentative homebuyer momentum as we approach the spring, a historically busy season for homebuying. While sales of newly built homes are trending in a positive...