Better regulations are needed to protect the financial system after the collapse of the FTX cryptocurrency exchange, a senior Bank of England official has said. Digital currencies are still too small to pose a threat but that will soon change, said Sir Jon Cunliffe. FTX filed for bankruptcy last week and owes its largest creditors almost …
FTX: Tougher crypto rules needed after collapse, says Bank of England. Read More »
KEY POINTS There are signs inflation may fall further in coming months, but housing threatens to mute any improvement. DOWNLOAD LIVE STORM : The Best Video Conferencing App FOR WEBINAR and Business The consumer price index, a key barometer of inflation, rose 7.7% in October from a year ago. While still quite high by historical standards, that …
This is why it may take a while for housing inflation to cool off. Read More »
Mortgage rates fell sharply Thursday after a government report showed that inflation had cooled in October, prompting a decline in bond yields. The average rate on the 30-year fixed plunged 60 basis points from 7.22% to 6.62%, according to Mortgage News Daily. That matches the record drop at the start of the Covid 19 pandemic. The rate, …
Mortgage rates fall sharply to under 7% after inflation eases. Read More »
