Fixed mortgage rates are expected to dip below 4pc within weeks, following lower-than-expected inflation figures and an upbeat outlook from the Bank of England. Experts said lenders were poised to trim five-year mortgage rates as they react to an improving economic picture, easing affordability pressures on borrowers and fuelling optimism among homeowners. The Bank of
Investors will have to wait until at least July for those widely expected interest-rate cuts, according to one Federal Reserve president’s outlook. Atlanta Fed President Raphael Bostic said rate cuts probably wouldn’t be suitable until the third quarter given the current strength of the economy. That’s a quarter earlier than he originally predicted, Bostic said,
Stock investors have gotten off to a wobbly start to the new year, hobbled by shifting expectations on the timing and extent of Federal Reserve interest-rate cuts in 2024. All three major U.S. stock indexes snapped a nine-week winning streak on Friday, after unexpectedly strong December job gains prompted traders to briefly pull back on