Interest rate fears dampen UK house buying demand Property Brits held off inquiring about buying new homes last month as fears over higher mortgage rates dampened the market. Housing demand dropped in September, according to a survey from the Royal Institution of Chartered Surveyors (RICS), which found that 22 per cent of property professionals saw buyer inquiries fall last month. That figure was up [...]
Federal Reserve earns rebuke from Trump after interest rate hike Economics Kevin Warsh’s Federal Reserve has raised interest rates for the first time since 2023 and effectively pencilled in another hike this year, defying President Trump’s demands for looser monetary policy. On Wednesday, Warsh joined a unanimous decision to raise the US’s central rate by 25 basis points – or a quarter of a percentage point [...]