Economy

WASHINGTON (Reuters) – U.S. mortgage rates increased to a four-month high this week, which together with higher home prices could sideline potential buyers from the housing market in the near…

AMSTERDAM/NICOSIA (Reuters) – Global economic output would suffer a “sizeable” loss if trade became more fragmented and an immediate boost to inflation would only fade over a few years, the…

By Ann Saphir (Reuters) – Chicago Federal Reserve President Austan Goolsbee on Thursday reiterated his support for further interest rate cuts and his openness to doing them more slowly, remarks…

MADRID (Reuters) – Spanish lawmakers approved on Thursday the government’s new tax plans, which include an extension of a temporary levy on banks by three years and ensure that taxes…

Investing.com – France is facing a budget crisis. To address this, lawmakers are considering a proposal to make French workers work an extra seven hours without pay. This would generate additional…

By Jamie McGeever ORLANDO, Florida (Reuters) – A record-high $7 trillion of cash is currently sitting “on the sidelines” in money market funds (MMFs). Anyone hoping to see a significant…

By Michael S. Derby NEW YORK (Reuters) – New data from the New York Federal Reserve suggests the U.S. central bank isn’t facing any roadblocks to continuing forward with its…

WASHINGTON (Reuters) – U.S. existing home sales rebounded sharply in October, posting the first annual gain since mid-2021, as buyers rushed into the market to take advantage of a brief…

MOSCOW (Reuters) – Russia’s central bank on Thursday said it planned to set a surcharge for banks when issuing new loans to large firms with a high debt burden, as…

By Steven Scheer JERUSALEM (Reuters) – The Bank of Israel is expected to hold the line on short-term interest for a seventh straight policy meeting next week, with a stabilisation…