US mortgage rates slide below 7% for first time in four month
The average for a 30-year, fixed loan was 6.95%, down from 7.03% last week, Freddie Mac said in a statement Thursday. Borrowing costs have declined for seven consecutive weeks, bringing…
ECB holds rate at 4%, sees inflation slowdown
The European Central Bank left interest rates unchanged for a second meeting amid falling inflation, but said it will step up its exit from €1.7 trillion ($1.8 trillion) stimulus created…
BOE holds rates emphasizing inflationary pressure
The Bank of England has kept interest rates at their highest level in 15 years as its policy makers remain on a higher-for-longer course despite rising market bets on a…
Credit Suisse entities to pay $10 mln for providing prohibited services
Credit Suisse Securities and two affiliated firms have agreed to pay more than $10 million to settle US Securities and Exchange Commission charges they provided prohibited services to mutual funds,…
Dollar fell sharply amid Fed’s decision
The benchmark Bloomberg Dollar Spot Index fell 0.8%, posting its biggest one-day drop in a month after the Federal Reserve left its benchmark interest rate unchanged and put forward a…
Fed losses hit $125 billion due to interest costs
Losses at the US Federal Reserve have surpassed the $125 billion mark, and are likely to be much higher before things get better. The US central bank continues to pay…