Displaying items by tag: Federal Reserve

Tuesday, 21 March 2023 15:45

As interest rates rise, housing costs soar

According to the International Monetary Fund (IMF), these price changes highlight that housing markets are adjusting to rising interest rates imposed by central banks in an attempt to contain inflation. Interest rates on housing loans had been on a downward trend, but with the recent interest rate hikes, an upward trend is expected.

Published in Breaking News

Federal Reserve (Fed) Chairman Jerome Powell said the U.S. would be prepared to increase the pace of interest rate hikes and send borrowing costs higher than previously thought if economic data warrants it.

Published in Finances