Bubble watch: Mortgage rates are soaring despite promises of mild uptick – The Denver Post

“Bubble Watch” digs into trends that may indicate economic and/or housing market troubles ahead. Buzz: Despite promises of a smooth increase in home financing costs from the Federal Reserve — a prediction reinforced by so-called industry “experts” — we’ve just witnessed one of the largest hits to a house shopper’s buying power in history. Source: My trusty spreadsheet’s analyzed Freddie Mac’s […]

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Market close: Late burst helps NZ shares to positive territory

An uncertain New Zealand sharemarket suddenly burst into life at the end of another light trading day – with concerns over rising inflation and interest rates still calling the tune. The S&P/NZX 50 Index had a bumpy day but rose strongly in the last 45 minutes, climbing from a low of 12,753.32 to an intraday high of 12,806.9, up 16.74 […]

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Fed officials nod to March rate hike as inflation drumbeat grows louder

(Reuters) – Federal Reserve Governor Lael Brainard on Thursday became the latest and most senior U.S. central banker to signal that interest rates will rise in March to battle inflation that’s eroding the value of workers’ recent wage gains and putting policymakers under a political spotlight. The Fed “has projected several rate hikes over the course of the year,” Brainard […]

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King Soopers strike: Grocery workers go on strike across Denver area

Thousands of grocery workers started walking the picket lines at King Soopers stores from Boulder to Parker early Wednesday morning, a day after the United Food and Commercial Workers Local 7 rejected the company’s latest contract offer. The strike is being called on claims of unfair labor practices and is expected to last three weeks. The union Tuesday rejected what […]

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Erdogan says will lower Turkish prices soon as possible

FILE PHOTO: Turkish President Tayyip Erdogan addresses the media after a cabinet meeting in Ankara, Turkey, December 20, 2021. Murat Cetinmuhurdar/PPO/Handout via REUTERSANKARA (Reuters) – Turkey will bring prices down as soon as possible, President Tayyip Erdogan said on Wednesday, after annual inflation soared above 36% in December due largely to a currency crisis brought on by his unorthodox low-rates […]

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