China Takes Additional Steps to Boost Its Slowing Economy

China Takes Additional Steps to Boost Its Slowing Economy

China has recently unveiled a series of initiatives aimed at bolstering its economy, leading up to a crucial Politburo meeting that will assess the country’s economic performance in the first half of the year. To address concerns and attract private and foreign investors, Chinese authorities have made several announcements, although some lack specific details. The …

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Would a subsequent increase in Federal Reserve rates have a beneficial or detrimental impact? How could it affect you?

Would a subsequent increase in Federal Reserve rates have a beneficial or detrimental impact? How could it affect you?

The Marriner S. Eccles Federal Reserve building in Washington. Stefani Reynolds/Bloomberg via Getty Images Experts anticipate that the Federal Reserve will likely raise rates by a quarter of a point at the conclusion of its upcoming meeting, following a pause last month. Fed officials have repeatedly expressed concern over the impact of rising costs on …

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The Top 10 States with America’s Most Robust Housing Markets

The Top 10 States with America’s Most Robust Housing Markets

The housing market in the United States is currently experiencing unprecedented turmoil. Factors such as historically low interest rates, the pandemic, and tightening by the Federal Reserve have created difficulties for both buyers and sellers. While some areas are seeing leveling or declining prices in response to higher mortgage rates, finding affordable homes remains a …

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Federal Banking Regulator Issues Warning About Potential for Artificial Intelligence to Result in Unlawful Lending Practices, Including Discrimination Against Minorities

Federal Banking Regulator Issues Warning About Potential for Artificial Intelligence to Result in Unlawful Lending Practices, Including Discrimination Against Minorities

Michael Barr, the Vice Chair for Supervision of the Board of Governors of the Federal Reserve, testified during a House Committee on Financial Services hearing on Oversight of Prudential Regulators on Capitol Hill in Washington, DC, on May 16, 2023. Mandel Ngan | AFP | Getty Images The Federal Reserve’s top banking regulator addressed concerns …

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Despite high mortgage rates, homebuilder sentiment experiences growth in July.

Despite high mortgage rates, homebuilder sentiment experiences growth in July.

According to the National Association of Home Builders/Wells Fargo Housing Market Index, builder sentiment in the market for single-family homes increased by 1 point in July, reaching a level of 56. This marks the seventh consecutive month of gains and the highest level since June 2022. A reading above 50 indicates positive sentiment. Builders attribute …

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