#Fed’s latest hike will push up mortgage rates

#Fed’s latest hike will push up mortgage rates

Fed’s latest hike will push up mortgage rates The Federal Reserve’s latest interest rate hike Wednesday of 0.75 percentage points is expected to intensify pressure on the housing market while pushing up mortgage rates that already have reached nearly 20-year highs. The interest hike announced Wednesday is the latest effort by the Fed to slow…

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#Seriously low diesel supply threatens to worsen inflation

#Seriously low diesel supply threatens to worsen inflation

Seriously low diesel supply threatens to worsen inflation A seriously low U.S. and global diesel supply is likely to drive up fuel costs and worsen inflation, raising concerns as the cold weather months approach.   “The national numbers for distillates are pretty tight,” said Patrick De Haan, head of petroleum analysis at GasBuddy.   “It’s uncomfortable. That doesn’t…

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#US home price plunge is ‘just beginning’ as housing market rapidly cools: economist

#US home price plunge is ‘just beginning’ as housing market rapidly cools: economist

“US home price plunge is ‘just beginning’ as housing market rapidly cools: economist” A substantial plunge in US home prices is likely “just beginning” as decades-high mortgage rates cause a downturn in the housing market, a prominent economist cautioned Friday. The warning from Pantheon Macroeconomics chief economist Ian Shepherdson followed more dismal data that showed…

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# Here is why strong post-Merge fundamentals could benefit Ethereum price

# Here is why strong post-Merge fundamentals could benefit Ethereum price

” Here is why strong post-Merge fundamentals could benefit Ethereum price “ The shift of the Ethereum blockchain to a proof-of-stake (PoS) protocol opened new opportunities for developers and investors to explore, including the burning of Ether (ETH). Now, Ethereum transactions are validated through staking rather than mining. Staking impacts the supply and price dynamics of Ether…

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