Noticias Financieras – UP2DATE News de Advise Financial
9 de May de 2024
In UP2DATE News you will find the main Financial and Economic News for the week ending April 04, 2024.
Fed will wait to cut rates
Federal Reserve Chair Jerome Powell indicated that interest rates will only be cut once there are clearer signs of lower inflation.
Source: Bloomberg
53% of Americans feel they are behind on savings
CNBC's international survey found that 53% of Americans feel behind on retirement planning and savings.
Source: CNBC
Weekly mortgage demand remains stalled
Mortgage rates remained stable, but demand was unchanged for two weeks. High costs and limited supply are hindering potential buyers.
Source: CNBC
Business Bankruptcies Jump
Bankruptcies are on the rise due to a combination of higher interest rates and reduced consumer spending. This has resulted in one of the busiest three-day periods for bankruptcies on record.
Source: Bloomberg
US Initial Jobless Claims Tick-Up
US initial jobless claims surged last week, reaching the highest level since January. Initial claims rose by 9,000 to 221,000, while continuing claims declined to 1.79 million.
Source: Bloomberg
US trade deficit widens in February
The US trade deficit reached its highest level since April 2023 at $68.9 billion in February, as surging imports offset record-high exports.
Source: Reuters
Note: does not represent advice or offer of services, only for educational purposes.
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