The Federal Reserve said Wednesday it will keep its benchmark interest rate near zero despite signs the economic recovery is well underway. But it’s clear rates won’t stay near rock-bottom forever. Recent data showing higher consumer prices and lower unemployment will pave the way for unwinding last year’s bond buying and near-zero interest rates. “Being 7.8 million jobs
People look at a home for sale during an open house on April 16, 2019 in San Francisco, California. Justin Sullivan | Getty Images The average rate on the popular 30-year fixed mortgage moved decidedly higher Thursday, hitting 3.25%, according to Mortgage News Daily. That is the highest rate since mid-April. The move was a
The Marriner S. Eccles Federal Reserve building in Washington. Stefani Reynolds/Bloomberg via Getty Images The Federal Reserve’s new forecasts on interest rates and inflation don’t amount to much for investors and consumers, especially in the short term, according to financial advisors on CNBC’s FA Council. The Fed on Wednesday sped up its timeframe for raising
China’s residential properties have seen strong demand, and there are three factors driving it, according to Deutsche Bank’s Linan Liu. Data released Thursday by the National Bureau of Statistics showed that new home prices in May rose 4.9% from a year ago, compared to a 4.8% increase in April. The average new home prices in
In this article RDFN INVH Invitation Homes CEO Dallas Tanner told CNBC on Friday the U.S. housing market remains “healthy,” downplaying concerns that the sharp rise in prices during the Covid pandemic is creating bubble-like conditions. In an interview on “Squawk on the Street,” Tanner said the supply-and-demand dynamics that have contributed to the feverish
Illinois Gov. J.B. Pritzker will sign newly-passed legislation handing mayoral control of the Chicago Public Schools to a fully-elected school board by 2027 even as negotiations continue over some board rules and the impact on the city’s $500 million in annual financial obligations. The package laid out in an amendment to House Bill 2908 was
Municipal bond yields rose by as much as seven basis points in the belly of the curve Thursday, playing catch-up to the U.S. Treasury market, while Refinitiv Lipper reported another large round of inflows, a nod from investors that they remain engaged in the market, regardless of low rates. Refinitiv Lipper reported $1.85 billion of
Providence officials may have to scramble for a Plan B as Mayor Jorge Elorza’s proposal for up to $850 million of pension-obligation borrowing sits stalled in the state legislature. State General Treasurer Seth Magaziner, a Democrat, called the enabling legislation too risky and Republican state chairman Steven Frias called the measure “a pension obligation bomb.”
Connecticut Gov. Ned Lamont said he would sign legislation authorizing adult-use cannabis after lawmakers approved it. “The states surrounding us already, or soon will, have legal adult-use markets,” Lamont said Thursday after the Senate approved the measure by a 16-11 vote, with nine senators abstaining. “We’re not only effectively modernizing our laws and addressing inequities,
The Municipal Securities Rulemaking Board’s proposed rule on the fair dealing obligations of solicitor municipal advisors is in need of clarification, MAs and dealers believe, particularly with respect to disclosure of where such professionals owe their loyalty. Comment letters filed with the MSRB late Thursday struck that common theme in response to the MSRB’s draft
Inflation risks may warrant the Federal Reserve beginning raising interest rates next year, St. Louis Fed President James Bullard said, backing an even-earlier liftoff than penciled in by many of his colleagues. “I put us starting in late 2022,” Bullard said Friday during a TV interview on CNBC, referring to interest-rate projections published Wednesday by
A new opinion issued by the Justice Department says Puerto Rico’s admission as a state could legally include a transition period to temporarily continue the special bankruptcy provisions under PROMESA. That’s good news for the ongoing restructuring of the territory’s debt because it provides an assurance that statehood would not necessarily involve an abrupt dissolution
Municipal bond yields rose on the short end Friday as munis again played catch up to the moves in short U.S. Treasuries and investors became more aggressive in bid lists for high-grade paper. The UST note, 0.785% on Tuesday, touched 0.96% in the afternoon and was at 0.89% near the close Friday, leading to the
Illinois spread penalties narrowed this month to levels in line with its ratings for the first time in years as the state reaps the benefits of swelling tax revenues, federal cash and a market looking for scarce yield. The state’s 10-year spread currently stands at 63 basis points higher than Refinitiv Municipal Market Data’s AAA
Parties have filed nearly 30 objections to the Puerto Rico Oversight Board’s proposed Disclosure Statement for its central government debt Plan of Adjustment, with a key complaint coming from the Puerto Rico government, which said it will not authorize new bonds if pensions are cut. The parties had until 5 p.m. on Tuesday to file
In today’s episode, I’m going to share with you the pros and cons of penny stocks. Penny stocks are hugely attractive, and they are great for certain types of traders. But they’re horrible for other types of traders. In this episode, we’ll cover the advantages and disadvantages of penny stocks, so that way you can
Stock Splits Simplified: -number of shares before split = 100 at $50/share -Split = 2/1 -number of shares after split = 200 at $25/share -In order to own the same portion of the company, the stock price goes down to $25/share -100 shares at $50/share = 200 shares at $25/share -The value is the same,
Two Ways to Purchase Stock BUYING AT SUPPORT You can purchase when the stock bounces off the support and is heading in an upward direction. Support buying is typically healthier than resistance buying in terms of risk management. BUYING AT RESISTANCE You can purchase as the stock clears the resistance area. Buying at resistance is
Are you struggling to understand what is the stock? How the stock market works? Or how you can make money from the stock market? In this video, I will share with you the basics behind how a company issues stock, how money is made in the stock market, and how you can profit from trading
Call: -Allows you to buy stock -If you have one call that means you are able to buy that stock at your set price -It has to reach the set price on or before your contract’s expiration -If it doesn’t reach the set price, your contract deteriorates in value and you lose your option premium