Tag: Interest Rates

How to Navigate the Coronavirus Real Estate Market

There are signs that pockets of the U.S. housing market are heating up, particularly in the suburbs and fashionable exurbs, to which people have been fleeing to escape the coronavirus. Some first-time buyers are feeling a sudden hurry to buy, fearing higher prices if they wait. But they are also worried about the long-run outlook […]

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How Pimco’s Cayman-Based Hedge Fund Can Profit From the Fed’s Rescue

WASHINGTON — Pacific Investment Management Company runs a hedge fund registered in the Cayman Islands, a common structure for avoiding certain U.S. taxes. But when a profit opportunity arose from the ashes of America’s coronavirus crisis, that international location did not stop it from seizing the moment. The Federal Reserve opened a highly anticipated emergency […]

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Federal Reserve Leaves Rates Near Zero as Economic Recovery Sputters

WASHINGTON — The Federal Reserve left interest rates near zero on Wednesday and Jerome H. Powell, the Fed chair, predicted a long road ahead as a recent spike in virus cases saps momentum from the nascent economic recovery. “The path forward for the economy is extraordinarily uncertain and will depend in large part on our […]

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New Gold Rush Pushes Price to Record Highs

Something shiny and bright is beckoning investors accustomed to the gloomy days of 2020: gold. In recent days, gold prices have hit record highs. For the year, gold is up 27 percent, a performance that puts it ahead of most stock, bond and commodity markets. On Monday, the price of gold futures on the New […]

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Trump’s Hot-Button Fed Pick Faces Senate Committee Vote This Week

WASHINGTON — Judy Shelton, an unorthodox economist who was an adviser to President Trump’s 2016 campaign, could move one step closer to a seat on the Federal Reserve’s Board of Governors this week. While her fate is far from guaranteed, the Senate Banking Committee is expected to approve Ms. Shelton’s nomination on Tuesday, putting her […]

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Mortgage Rates Drop Below 3% for First Time, Tempting Home Buyers

Home loans have never been cheaper, if you can find a willing lender. The average rate on 30-year fixed mortgages has fallen below 3 percent for the first time, as the Federal Reserve’s recent efforts to pump trillions of dollars into financial markets to support the economy during the pandemic translate into lower consumer borrowing […]

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Personal Finance Lessons From the Pandemic

When you’re essentially confined to your house for weeks, you have a lot of time to think. I thought most about preserving the health and safety of friends and family members. But soon I found myself obsessing about my own finances: Like so many others, I had a big problem. As a freelance writer, I […]

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