Productions WASHINGTON — In a sign the housing market is now slowing, builder confidence fell sharply in May as growing affordability challenges in the form of rapidly rising interest rates, double-digit price increases materials and continued home price appreciation take a toll at the buyer’s request. Builder confidence inRead More →

Forecasts indicate that the inflation outlook for the UAE is not as alarming as in the case of a number of developed and emerging economies. “The UAE is well positioned to remain robust with strong oil and non-oil sectors,” said Scott Livermore, ICAEW Economic Advisor and Chief Economist and ManagingRead More →

Neither Treasurer Josh Frydenberg nor Shadow Treasurer Jim Chalmers said what they would do to cut spending after the election, as a reporter pointed out during the Treasurer’s debate. So what do they think their opponent would do? Treasurer Josh Frydenberg and Shadow Treasurer Jim Chalmers at the National PressRead More →

Prices also fell 3.6% in the leafy northeast, another popular lockdown location, and 2.8% in the inner suburbs. The report comes as headline inflation hit its highest pace in two decades, official figures showed on Wednesday. Rising consumer prices could give the Reserve Bank confidence that the economy is recoveringRead More →

A common trilemma in international monetary policy is: monetary autonomy, exchange rate management, and free capital mobility. Pick two, because it’s impossible to enjoy all three. Singapore’s approach has been to relinquish control over the former and manage the latter two options. This means that Singapore does not determine domesticRead More →

1649239898 Confidence in construction plummets but orders hold up Construction orders rose rapidly despite business optimism hitting a 17-month low, according to an S&P Global survey. Commercial construction saw its highest rate of growth since June 2021 last month, while expansion in residential work was more subdued. Completion times forRead More →

In a report looking for ways to ease Canada’s booming real estate market, RE/MAX, CIBC and the Conference Board of Canada say Ottawa should accept more immigrant tradespeople, raise interest rates and institute a capital gains tax. About half of Canadians say they fear that taxes, rising interest rates andRead More →

The retirement fund organization Employees Provident Fund Organization (EPFO) on Saturday lowered the interest rate on the employees’ provident fund to 8.1% for 2021-2022, the lowest rate offered by the EPFO ​​since more than four decades, the Press Trust of India news agency reported citing sources. This is the lowestRead More →

Written by Penelope Graham Russia’s large-scale invasion of Ukraine has dramatically heightened geopolitical tensions, not to mention economic uncertainty; NATO members reacted quickly with sanctions, while Germany announced it was delaying progress on the Nord Stream-2 pipeline, cutting off what was expected to be a major supply of Russian naturalRead More →

Darryl Dyck/AP Protests are taking place around the world following Russia’s invasion of Ukraine. Russian President Vladimir Putin’s war on Ukraine could raise global inflation by around 1%, but still slow interest rate hikes by central banks around the world, according to Singapore-based Capital Economics. Capital Economics said there wasRead More →

According to the January 2022 edition of the HousingIQ survey of Kentucky realtors, two in five Kentucky realtors say buyers are racing to beat mortgage rate hikes while realtors’ expectations for price growth housing continues to moderate. Compared to a year ago: • 42% expect house prices to rise –Read More →

LONDON–(BUSINESS WIRE)–February 7, 2022– Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of market data, technology and infrastructure, today announced that futures and options on the ICE SONIA Index, the benchmark contract to manage sterling interest rate risk hit a record single-day volume of 916,964 contracts on February 3,Read More →