Tag: Economics
Buying a Home Could Get Easier, and More Predictions for 2024
[ad_1] Real Estate By Shaina Mishkin Dec 23, 2023, 1:00 am EST Share Reprints Many home buyers no doubt are relieved to see this year’s inhospitable real estate market in their rear view mirrors. Mortgage rates nearly hit 8% as prices remained firm, making purchases the most expensive in decades. A limited selection of existing homes on the market added to the pain. Continue reading this article with a Barron’s subscription. View Options [ad_2] Source link
India Rate Panel Favors Better Grip Over Inflation, Minutes Show
[ad_1] India’s rate setters wanted to stay cautious as volatile food prices lent uncertainty to the overall inflation trajectory and did not want to confuse investors by changing policy stance just yet, the minutes of the monetary policy meeting showed Friday. The Reserve Bank of India’s six-member monetary policy committee unanimously voted to pause for the fifth straight review and retained the stance on “withdrawal of accommodation,” indicating rates may remain higher for longer. [ad_2] Source link
El-Erian Says Fed Has a ‘Real Problem’ With Communication
[ad_1] There’s a key piece of evidence in the bond-market surge that followed the latest US central-bank meeting, according to Mohamed El-Erian: The Federal Reserve has a communication problem. Nearly a week after policymakers left interest rates on hold and unveiled projections for more cuts than previously expected in 2024, traders and Fed officials are still at odds over the path for policy, said El-Erian, the president of Queens’ College, Cambridge, and a Bloomberg Opinion columnist. [ad_2] Source link
Australia Adviser Urges Improved Reporting of Methane Emissions
[ad_1] Australia needs to improve the accuracy of fossil fuel producers’ reporting on greenhouse gas emissions, especially on methane releases from open-cut coal mines, a review of the nation’s climate reporting systems has found. Targeted changes are needed to ensure the National Greenhouse and Energy Reporting Act and the Australian Carbon Credit Unit system “remain fit-for-purpose” as the nation seeks to meet 2030 and 2050 climate targets, according to two reports by the Climate Change Authority, an independent body that advises the government. [ad_2] Source link