Under the shadow of high interest rates, US housing prices still hit a record high in March

Housing prices in the 20 largest US cities rose for the 13th month in a row in March. On May 28, S&P CoreLogic - Case Shiller's latest data showed that US housing prices rose 0.33% month-on-month in March, slightly higher than expected 0.3%, while the month-on-month increase in February was revised down from 0.61% to 0.55%. From an annual perspective, housing prices increased 7.38% year over year, the fastest increase since October 2022. Overall, despite a drop in the median price of new homes, housing prices in the US reached a record high in March. In many

wallstreetcn3minutes ago

Consumer confidence surpassed expectations at the May US consultation meeting, but short-term inflation expectations hit a new high during the year

As negative views on business conditions and the labor market abated, consumer confidence unexpectedly rose sharply in the US Chamber of Commerce in May, for the first time in four months. The US Chamber of Commerce Consumer Confidence Index for May was 102, which was significantly better than the expected 96. The value before April was revised to 97.5. The consumer confidence reading for May surpassed the estimates of all economists surveyed by the media. In terms of sub-indices, the current status index is 143.1, with a previous value of 142.9. This is the first increase since January of this year; the expected index is 74.6, but it is still below the psychological threshold of 80. The previous value was 66.4. The expected index for May hit July last year

wallstreetcnMay 28 11:02 ET

US Dollar Retreats for Third Consecutive Day After Japan Warns Markets Over Devalued Yen

The US Dollar (USD) are holding on to losses heading into the official start of this week for US markets, coming back again after a long weekend due to the Memorial Day bank holiday on Monday. The Greenback eases as a risk-on sentiment sets the scene for the beginning of the week, topped up with comments from Japanese Finance Minister Shun’ichi Suzuki. Suzuki warned against speculators that are propping up for more Japanese Yen devaluation by saying that Japan is ready to take more, bigger and firmer steps in order to have a stable exchange rate, Bloomberg reported.

FXStreetMay 28 07:30 ET

Two Federal Reserve Officials Speak Out Recently! Propose policy statement reforms to support the delay in slowing down the downsizing...

On Tuesday local time, at the Bank of Japan meeting in Tokyo, Federal Reserve Governor Bowman and Cleveland Federal Reserve Chairman Meister delivered successive speeches.

Gelonghui FinanceMay 28 04:59 ET

Minneapolis Fed President Kashkari: There is no need for the Fed to rush to cut interest rates

Federal Reserve Bank of Minneapolis Governor Neel Kashkari said that policymakers should patiently monitor whether inflation slows down enough to support interest rate cuts. In an interview with CNBC, Kashkari said the US economy remains “significantly resilient” and the labor market remains strong — particularly in the service sector. He added that although no possibility should be ruled out as far as future policies are concerned, it is best for the Federal Reserve to wait and see the changes. Kashkari also said, “At the end of last year, most people thought we would fall into recession, but that wasn't the case. Instead, our increase

環球市場播報May 28 04:51 ET

Kashkari: There is no reason for the Federal Reserve to rush to cut interest rates

Minneapolis Federal Reserve Chairman Kashkari said that policymakers should spend time monitoring whether inflation slows down enough to guarantee interest rate cuts.

Zhitong FinanceMay 28 04:44 ET