Category Economy

Breaking economic news, with reports on global stock markets, personal finance, businesses and technology.

US mortgage charges hit lowest since October

US mortgage charges have seen a big drop, reaching their lowest level since mid-October, which has led to a rise in house buy financing. The 30-year mortgage contract fee fell by 17 foundation factors to six.69% for the week ending…

Powell says Fed can afford to be somewhat extra cautious

By Howard Schneider NEW YORK (Reuters) -U.S. Federal Reserve Chair Jerome Powell on Wednesday stated the financial system is stronger now than the central financial institution had anticipated in September when it started lowering rates of interest, and appeared to…