The “Fed” refers to the Federal Reserve System, the central banking system of the United States. It manages monetary policy, regulates banks, and maintains the stability of the country’s financial system, impacting interest rates, inflation, and overall economic health.
The Nasdaq Composite experienced its steepest decline since October 2022 on Wednesday, driven by disappointing earnings reports from Tesla (TSLA) and Alphabet (GOOGL) that undermined investor confidence in once-high-flying stocks.…
In June, potential homebuyers disenchanted by elevated prices largely stayed out of the housing market, leading to a notable decline in existing home sales. According to the National Association of…
Asian markets dipped on Monday, receiving little boost from China’s unexpected rate cut, while Wall Street futures gained following President Joe Biden’s decision to withdraw from the upcoming election. China’s…
Supplemental Security Income (SSI) is a vital program designed to provide financial assistance to individuals who are elderly, blind, or disabled and have limited income and resources. SSI, administered by…
Infosys Ltd., a leading Indian IT services company, has revised its annual sales forecast upward for the first time since early 2023, indicating optimism that emerging technologies like AI could…
Blackstone Inc., the world’s largest alternative asset manager, is prepared to seize opportunities as the property market shows signs of improvement, according to President Jon Gray. Speaking to Wall Street…
This week, the average interest rate for the widely-used 30-year fixed-rate mortgage in the U.S. dropped to its lowest point since mid-March, offering a glimmer of hope for the beleaguered…
New US home construction increased in June, though a decline in single-family housing starts to an eight-month low highlights ongoing challenges in the real estate market due to high interest…
Housing construction saw an uptick in June, yet it fell short of the significant surge economists had anticipated. The Census Bureau reported that housing starts reached an annual rate of…
Analysts predict that opportunities may emerge in the otherwise lackluster commercial real estate (CRE) market in the latter half of the year. However, the sector faces ongoing challenges, including vulnerabilities…
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