US mortgage rates hit 2008 levels, the highest in nearly 15 years
Mortgage rates in the U.S. are reaching their highest levels in nearly 15 years, hitting 2008 levels.
JOE BIDEN
57% of Americans view Biden’s handling of the economy as “poor”
In a recent poll from Rasmussen Reports, 57% of those surveyed said they view Joe Biden’s handling of the economy as “poor”.
canada
Bank of Canada cautions that mortgage payments could increase by up to 45% for some borrowers by 2025
The Bank of Canada is sending a warning out to Canadians who took out loans in 2020-2021 saying they may start to experience a jump in their monthly payments, possibly up 45% by 2025-2026.
inflation
As inflation shows no sign of easing, U.S. central bank eyes 0.75% rate increase
As the inflation shows no sign of slowing down in the United States, investors are speculating the Federal Reserve could hike rates 75 basis points.
gas prices
U.S. national average price for regular gas breaks $5/gal, expected to continue rising
On Saturday, June 11, the national average price for regular gas in the United States soared past $5/gallon for the first time in history.
gas prices
Only five states have average gas prices under $4 per gallon, as the U.S. sees record-breaking pump prices
As of May 11, 2022, only five states in the entire United States have an average gallon of gas under $4 USD.
Europe
EU energy ministers hold energy crisis talks amid Russia cutting supply to some EU countries
On Monday, May 2, 2022, energy ministers from countries within the European Union held emergency energy talks amid Russia’s demand that buyers must pay for energy supplies in roubles or the gas supply will be shut off.
canada
Bank of Canada to aggressively increase policy interest rate by 0.5%
The Bank of Canada is set to increase its policy rate to 1% on Wednesday.
Europe
Putin says countries must pay for gas exports in rubles starting April 1 or else exports will be halted
Russia says they will halt gas exports to buyers from ‘unfriendly’ states unless they begin paying for exports on April 1st in rubles, Russian President Putin announced.
Europe
Germany braces for gas rationing, triggering emergency plan to manage energy supplies
Germany is bracing for gas rationing as the country triggers an emergency plan in order to manage gas supplies on Wednesday, March 30.
