Kuroda effect seen as homebuyers choose fixed-rate mortgages

Business Oct 22, 2015

Kuroda effect seen as homebuyers choose fixed-rate mortgages

Homebuyers are starting to bet that the unprecedented monetary easing of Bank of Japan Gov. Haruhiko Kuroda will cause interest rates to rise, even as inflation stagnates well below the official 2 percent inflation target. Sixty-one percent of new home loans had a fixed interest ...

U.S. markets falter after volatile day of trading

Business / Financial Markets Aug 25, 2015

U.S. markets falter after volatile day of trading

U.S. stock indexes plunged almost 4 percent on Monday as investors, rattled about China's economy, sold heavily in an unusually volatile session that confirmed the benchmark S&P 500 was formally in a correction. The Dow Jones industrial average briefly slumped more than 1,000 points — ...

Yellen signals Fed rate hike this year but mum on timing

Business / Economy Jun 18, 2015

Yellen signals Fed rate hike this year but mum on timing

The U.S. central bank indicated Wednesday it is likely to raise the ultralow interest rates later this year although its policy-setting panel gave no new words regarding exactly when it could take place. "Clearly most participants are anticipating that a rate increase this year will ...

Business / Economy Nov 7, 2014

U.S. jobless claims, wages data point to tightening market

The number of Americans filing new claims for unemployment benefits fell more than expected last week and compensation accelerated in the third quarter, in the latest signs of tightening labor market conditions. Thursday's upbeat data underscored the resilience of the economy and some analysts said ...