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A couple of forecasts are more optimistic about how low the average rate on a 30-year mortgage will go in 2025. Fitch Ratings sees it ranging from 5.8% to 6.4%, while TD Economics predicts the average rate will drop to 5.8% by the end of the year. The average rate is still below its historical average of 7% going back to 1971.
TD Economics, for example, expects growth in the October-December period to come in at a 1.8% annual rate. ... Private investment surged at a 10.5% annual pace, including a 6.2% increase in ...
Don Drummond, OOnt is a noted Canadian economist, having served extensively in the federal Department of Finance Canada, as Chief Economist at Toronto-Dominion Bank and as a scholar at Queen's University. He is known for his wide contributions to public policy in Canada and extensive citation on economic issues.
The Federal Reserve is expected to lower borrowing costs on Wednesday in what some observers are calling a "hawkish cut" set to be delivered alongside policymakers' updated interest rate outlooks ...
The FedWatch tool predicts two 25 basis-point cuts next year, which is significantly less than the five cuts forecast by the Fed itself when it issued its summary of economic projections in September.
Get breaking Business News and the latest corporate happenings from AOL. From analysts' forecasts to crude oil updates to everything impacting the stock market, it can all be found here.
Economists polled by Reuters had forecast the PPI gaining 0.2% following a previously reported 0.2% rise in October. In the 12 months through November, the PPI shot up 3.0% after increasing 2.6% ...
It hasn't been a great time for folks in the business of predicting recessions. The Conference Board's Leading Economic Index signaled a recession in 2022. The highly regarded inverted yield curve ...