News of New York

HSBC and Barclays Cut 5-Year Fixed Mortgage Rates to Under 4%
7 August 2024
2625
Mortgage Rates Plunge Below 4% A new mortgage price war has erupted among some of the UK’s largest lenders, driving headline fixed rates below the critical 4% threshold. Key Players and Offers HSBC: Premier banking customers can ...
Robust 2.8% Economic Growth in Q2: Implications for Interest Rates
26 July 2024
3086
Surprising Q2 Growth The U.S. economy demonstrated robust growth in Q2, with the gross domestic product (GDP) surging at an impressive annual rate of 2.8% from April to June, as reported by the Commerce Department. This...
USD Coin's 36-Hour Struggle to Maintain Peg Leaves Circle's Reputation in Tatters
14 March 2023
10087
Weekend raises risk of regulatory scrutiny Circle’s USD Coin, the world's second-largest stablecoin, took around 36 hours to fix its peg to the dollar after a liquidity crisis. While the token has been r...
Fed's Daly: Further rate increases are likely need to reduce inflation
5 March 2023
3662
US inflation Mary Daly of the Federal Reserve Bank of San Francisco forecast that decision-makers will probably need to raise interest rates even higher and hold them there for a longer period of time. Although though inflation ...
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