Many experts predict rates will come down somewhat in 2024, though not all agree on what that will look like.
For starters, rates might not fall enough to unlock more housing supply. According to Bankrate’s July 2024Mortgage Rates Sentiment Survey, 3 in 10 homeowners (30 percent) said mortgage rates would need to be less than 5 percent for them to be comfortable selling their home this year, while...
The continued rate pause was good news for savers, though, sincehigh-yield savings and certificate of deposit (CD)rates will likely stay elevated for now. In fact, some of thebest CD accountshave interest rates of over 5% currently. But that could change over time. So what exactly will ha...
Average CD APYs saw little change in 2024, while competitive APYs decreased National average APYs forone-year CDsandfive-year CDsboth ended the year 2024 nearly identical to their levels at the start of the year. Meanwhile, after APYs on competitive CDs rose in 2022 and 2023, they began to...
The best savings interest rates often come from financial institutions like online banks and credit unions. The Federal Reserve cut interest rates in 2024 after having raised them 11 times throughout 2022 and 2023 to combat inflation, but savings rates still haven’t substantially declined. We may...
Looking at economic fundamentals, it is believed that the urgency and necessity for the Federal Reserve to cut interest rates has declined. As a result, it may be difficult for the Fed to follow its guideline of cutting interest rates three times this year. As a result, we lowered our ...
The WTO continues to expect the global economy to grow by 2.7% in both 2024 and 2025. The trade body expects Europe to continue to be the weakest part of the global economy this year, with its imports of goods expected to fall by 2.3%. Higher interest rates are throttling inv...
Zhu said that the country's robust 5.3 percent year-on-year economic growth in the first quarter of 2024 surpassed market expectations and marked a strong beginning for the year. He noted that the Chinese economy's three main highlights in the first quarter of the year were a year-on-year...
The update also noted that the momentum of global disinflation is slowing, signaling bumps along the path. "Upside risks to inflation have thus increased, raising the prospect of higher-for-even-longer interest rates, in the context of escalating trade tensions and increased policy uncertainty," ...
The Federal Reserve (Fed) deliberates on monetary policy and makes a decision on interest rates at eight pre-scheduled meetings per year. It has two mandates: to keep inflation at 2%, and to maintain full employment. Its main tool for achieving this is by setting interest rates – both at...