Mortgage rates hit highest level in a year amid inflation fears
US mortgage rates have risen to a one-year high as markets weigh Federal Reserve rate uncertainty and Middle East conflict-driven inflation fears. Higher rates increase monthly payments for new buyers and are likely to further suppress housing market activity and refinancing.
28d ago · 3 min · Economy
US Stock Market: JP Morgan brings forward Fed rate hike call to December after July policy meeting
J.P. Morgan has shifted its US Federal Reserve rate hike forecast forward to December 2026 after the Fed held rates steady at its July meeting, citing persistent inflation risks. The call adds to a divided market outlook and could lift yields and strengthen the dollar if it proves correct.
29d ago · 3 min · Markets
Oil prices hit $100 for the first time since May
Brent crude surged past $100 per barrel on Thursday, up more than 5% in a single session, as the Middle East conflict continues to escalate. The move raises fresh inflation risks for oil-importing economies and puts pressure on fuel costs globally.
1mo ago · 3 min · Markets
Brent Breaches $80 A Barrel Even As Trump Says Oil Prices 'Will Come Down Very Big'
Brent crude crossed $80 a barrel on Friday, extending gains even after President Trump said oil prices would "come down very big." Markets are pricing geopolitical risk higher than political assurances, with potential knock-on effects for inflation and central bank rate decisions.
1mo ago · 3 min · Markets
US Stock Market Today: S&P 500, Dow Tumble On Trump's Iran Threat, 3-Year High Inflation; Nasdaq Down 1% On Chip Rout
US consumer prices rose above 4% in May, hitting a three-year high, while President Trump issued a fresh threat against Iran. The dual shock pushed the S&P 500 and Dow lower, with the Nasdaq falling around 1% on a chip-sector sell-off.
2mo ago · 3 min · Markets
Gold steady amid uncertainty over US-Iran peace negotiations
Gold held steady as a partial Hezbollah-Israel ceasefire offset uncertainty from ongoing U.S.-Iran negotiations. Investors are awaiting U.S. jobs data and Federal Reserve commentary for clearer direction on rates and inflation.
2mo ago · 3 min · Markets
OMCs hike fuel prices, this time by ₹2.7 a litre
India's state-run oil marketing companies have raised petrol and diesel prices by ₹2.7 per litre for the fourth time in 11 days, bringing the total increase to ₹7.5 to ₹8 per litre. The rapid catch-up hikes point to OMCs unwinding accumulated losses, with knock-on pressure on freight costs and retail inflation.
3mo ago · 3 min · Economy
Rs 1,600-1,700 cr a day, Rs 1 lakh cr in 10 weeks: Cost of insulating India from global energy shock
India's state oil companies are losing Rs 1,600, 1,700 crore daily by holding retail fuel prices steady despite high global energy costs, accumulating over Rs 1 lakh crore in under-recoveries in 10 weeks.
3mo ago · 2 min · Markets
Strong jobs report to keep Fed on hold as war and energy prices make inflation the bigger worry
A strong U.S. jobs report removes near-term pressure on the Federal Reserve to cut interest rates. War-driven supply disruptions and rising energy prices are now the bigger inflation threat, keeping rate cuts off the table.
3mo ago · 2 min · Economy
US stocks rise to records after a solid jobs report overshadows higher oil prices
US stocks hit record highs after a strong jobs report outweighed concerns about rising oil prices. Healthy employment data boosted investor confidence in consumer spending and corporate earnings, offsetting fears that higher oil costs could pressure margins and inflation.
3mo ago · 2 min · Markets
Fed unlikely to cut interest rates until 2027, Bank of America says
Bank of America economists now expect the Federal Reserve to hold rates steady through 2025 and 2026, with the first cut not coming until 2027. The forecast, driven by a hawkish Fed stance and sticky inflation, would keep borrowing costs high for mortgages, business loans, and consumer credit far longer than markets
3mo ago · 2 min · Economy
The Federal Reserve is quickly running out of reasons to cut interest rates
A strong U.S. jobs report has further narrowed the Federal Reserve's case for cutting interest rates, with inflation still above its 2% target. Borrowers face a longer wait for relief on mortgages, credit cards, and loans as the Fed is likely to hold rates steady.
3mo ago · 3 min · Economy
US Stock Market: US Treasury Bond Yields near 5% again as inflation fears shake Wall Street
US 30-year Treasury bond yields are approaching 5% again, driven by rising oil prices and a resilient US economy. Sustained yields at this level could push up borrowing costs globally and force markets to reprice expectations for Federal Reserve rate cuts.
3mo ago · 2 min · Markets
U.S. gas prices top $4.50 a gallon, highest since 2022
U.S. gasoline prices have surpassed $4.50 a gallon, the highest level since 2022. That adds direct cost pressure on household budgets and could push broader inflation higher through rising transport and logistics expenses.
3mo ago · 2 min · Economy
US Fed's Hammack says rates likely on hold 'for quite some time' amid elevated inflation
Cleveland Fed President Beth Hammack said interest rates will stay on hold for an extended period, citing high economic uncertainty and a risk that an "inflationary mindset" becomes entrenched after five years of sharp price increases.
3mo ago · 2 min · Economy
Recent inflation data was 'bad news,' Fed's Goolsbee says
Chicago Fed President Austan Goolsbee called recent inflation data "bad news," reinforcing that interest rate cuts are unlikely to come soon. The comments signal the Fed needs significantly more progress on inflation before it will ease borrowing costs.
3mo ago · 2 min · Economy
India 10-year yield at three-week peak as oil tops $110
India's 10-year government bond yield hit a three-week high on Tuesday after crude oil crossed $110 a barrel following a breakdown in U.S.-Iran nuclear talks. Higher oil raises India's import bill and inflation risk, pressuring the RBI to keep rates tight.
3mo ago · 2 min · Markets
Fed's Beth Hammack says no longer appropriate to signal rate cut bias
Cleveland Fed President Beth Hammack dissented against the Fed's easing bias this week, saying it is no longer appropriate given uncertainty about the economic and inflation outlook. The easing bias signals a rate cut is the likely next move, and markets price assets around that expectation.
3mo ago · 1 min · Markets
Petrol and diesel rates could rise in near future. Here’s why
Global crude oil prices have jumped from around $70 per barrel last year to over $114 per barrel this month, raising the likelihood of petrol and diesel price hikes in India. Indian state oil companies are currently absorbing the cost gap, but that buffer is under strain. A retail fuel price revision could push up
3mo ago · 1 min · Economy
Stocks Pressured as Soaring Crude Prices Raise Inflation Concerns
Surging crude oil prices are weighing on global stocks as markets fear a fresh inflation surge. Higher energy costs make it harder for central banks to cut interest rates, pressuring equity valuations. Investors are closely watching oil price moves and central bank signals on rate timing.
3mo ago · 1 min · Markets