Housing is flashing warning signs just as the Fed weighs more interest rate hikes
Housing data deteriorated further in September, according to separate reports Tuesday.
Updated daily
Housing data deteriorated further in September, according to separate reports Tuesday.
Sitharaman identified fuel, fertilizer and access to capital as risks for India’s economy in 2027.
The Treasury Department published the U.S. budget deficit for the 2026 fiscal year.
Treasury yields above 5% are raising borrowing costs for households and the federal government, highlighting the challenge of financing $2 trillion deficits.
The U.S. raised market access issues for Mastercard and Citigroup in China during bilateral meetings in Bangkok this week, a U.S. Treasury official says.
Investors expect the Fed to pause rate hikes in October, but Kevin Warsh's rejection of traditional communications practices and continued concern about inflation leave the decision uncertain.
'We see real risks the Fed will deliver another rate hike in two weeks' time,' one Fedwatcher warns
The exchange comes as U.S. debt exceeds $40 trillion and 10-year Treasury yields remain above 5%, intensifying scrutiny of the fiscal outlook.
The U.K. is grappling with a cost-of-living crisis sparked by sticky inflation and surging energy costs.
Bank of America shares fell Wednesday after the company posted weaker-than-expected trading revenue and the impact of a $1.2 billion Treasury fine.