Specialized search for economics

8+ min ago (301+ words) Retail optimism rose as Bitcoin stalled near resistance, raising doubts about the move's strength. Retail is bidding Bitcoin aggressively ahead of the FOMC'but is this exactly why greed is spiking now? Bitcoin [BTC] traded between $92,700 and $93,000 through the session and held above the 4h EMA Ribbon. That kept the short-term bias slightly bullish. Even so, repeated rejections near $94,000 showed hesitation as buyers struggled to gain control at the first supply zone. This zone remained a major directional pivot. A clear break above it could have opened room for continuation. By contrast, another rejection reinforced the view that momentum was fading despite retail enthusiasm. According to Santiment, mentions of "higher" and "above" climbed across X, Reddit, and Telegram as Bitcoin recovered from earlier weakness. Retail confidence surged as prices flattened, echoing earlier periods where FOMO spiked before corrections. That mattered because markets…...

14+ min ago (93+ words) Initial jobless claims surge after declining to three-year low. Number of Americans Receiving Unemployment Benefits Falls to 10-Month Low For the week ending Nov. 29, continuing jobless claims declined by 99,000 to 1.838 million'the lowest reading since early April. This is down from the previous week's downwardly revised 1.937 million. US Trade Deficit Unexpectedly Falls to 5-Year Low as Exports Surge What the Federal Reserve Rate Cut Means for Your Money Fed Cuts Interest Rates in Divided Vote US Mortgage Refinancing Activity Accelerates on FHA Demand: MBA...

15+ min ago (324+ words) Mortgage rates rose slightly this week after the Federal Reserve's latest interest rate cut on Wednesday proved insufficient to offset a spike in Treasury yields earlier in the week. The average 30-year mortgage rate was 6.22% through Wednesday, according to Freddie Mac data. That's up from 6.19% last week but still not far from year-to-date lows. The average 15-year mortgage rate was 5.54%, from 5.44% last week. Financial markets are closely watching upcoming economic data for clues about the direction of Treasury yields and the interest rates that closely track them. The Federal Reserve opted to cut benchmark interest rates by 25 basis points at Wednesday's meeting, but the decision drew dissents in opposite directions, showing Fed governors were unusually divided amid evidence that the labor market is weakening while inflation is running a full percentage point above the central bank's 2% target. The Fed doesn't…...

15+ min ago (58+ words) The Dow Jones and Russell 2000 hit record highs while the Nasdaq slashed early losses. Broadcom sees AI chip sales doubling. Oops, something went wrong Dow Jones, Russell 2000 Hit Highs; Broadcom Sees AI Chip Sales Doubling The Dow Jones and Russell 2000 hit record highs while the Nasdaq slashed early losses. Broadcom sees AI chip sales doubling....

16+ min ago (332+ words) The average rate on a 30-year U.S. mortgage edged higher this week, though it remains relatively near its low point so far this year. The uptick brings the average long-term mortgage rate to 6.22% from 6.19% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.6%. Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, also rose this week. The rate averaged 5.54%, up from 5.44% last week. A year ago, it averaged 5.84%, Freddie Mac said. The 10-year yield was at 4.12% at midday Thursday, slightly higher than it was a week ago. The rise in mortgage rates comes a day after the Federal Reserve cut its main interest rate for the third time this year and indicated another cut may be ahead in 2026. The Fed doesn't set mortgage rates, so even when it cuts its short-term rates…...

17+ min ago (86+ words) President Trump says he is certain that the economy is flourishing. We fact-check Trump's claims about the economy with Ali Velshi, economics correspondent and anchor at MS NOW. This article was ... - On Air Now Playing BSPR Music (Classical, KBSU) Fact-checking Trump's claims about the economy President Trump says he is certain that the economy is flourishing. We fact-check Trump's claims about the economy with Ali Velshi, economics correspondent and anchor at MS NOW. This article was originally published on WBUR.org....

19+ min ago (1260+ words) The Federal Reserve's final meeting of 2025 has delivered exactly what Wall Street expected on paper " a third quarter'point rate cut " but the message around it is anything but simple. Stocks have pushed toward fresh highs, bond yields are slipping, and index futures are flashing a more cautious tone as investors digest what many are calling a classic "hawkish cut." On Thursday, December 11, the Dow Jones Industrial Average and S&P 500 were trading near record levels, even as futures on those same indexes pointed modestly lower earlier in the day and tech stocks lagged. [1] At the center of the move: a divided Fed, delayed economic data after a historic government shutdown, and growing political pressure ahead of a leadership change at the U.S. central bank. [2] On Wednesday, the Federal Reserve cut its benchmark interest rate by 0.25 percentage point, bringing the federal funds…...

19+ min ago (216+ words) Primary Mortgage Market Survey" MCLEAN, Va., Dec. 11, 2025 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey" (PMMS"), showing the 30-year fixed-rate mortgage (FRM) averaged 6.22%. "The average 30-year fixed-rate mortgage is well below the year-to-date average of 6.62%, providing some sense of balance to the housing market," said Sam Khater, Freddie Mac's Chief Economist. The 30-year FRM averaged 6.22% as of December 11, 2025, up from last week when it averaged 6.19%. A year ago at this time, the 30-year FRM averaged 6.60%. The 15-year FRM averaged 5.54%, up from last week when it averaged 5.44%. A year ago at this time, the 15-year FRM averaged 5.84%. The PMMS" is focused on conventional, conforming, fully amortizing home purchase loans for borrowers who put 20% down and have excellent credit. For more information, view our Frequently Asked Questions. Freddie Mac's mission is to make home…...

25+ min ago (389+ words) BSP. The Bangko Sentral ng Pilipinas headquarters in Quezon City on May 31, 2023. MANILA, Philippines " The Bangko Sentral ng Pilipinas (BSP) slashed the country's key interest rate to 4.5% on Thursday, December 11, amid a faster inflation forecast and weaker outlook on economic growth. BSP Governor Eli Remolona Jr. noted that the monetary authority has shed 2% off the policy rate since August 2024. "The cut will revive economic activity a bit at a time when painful governance issues around infrastructure investments have weakened government spending, business confidence, and domestic demand," he said. Interest rates are one of many tools a central bank can use to control inflation. A lower interest rate means cheaper borrowing costs, encouraging people to spend more and stimulate the economy. Although the central bank downgraded its 2025 inflation forecast to 1.6%, it hiked its inflation outlook for 2026 and 2027 to 3.2% and 3%, respectively. Remolona…...

26+ min ago (256+ words) Pakistan's ex-spy chief jailed 14 years for abuse of power Morocco include injured captain Hakimi in AFCON squad US buying fleet of Boeing jets for use in deportations Pope Leo's visit: What future for the Middle East's Christians? A smaller cage: Israel's 'two-state solution' on Gaza's ruins Lebanon and Israel: Will direct talks change the status quo? Trump's Gaza plan: 'Alternative Safe Communities' are Bantustans "Frugal AI: This is how MENA can catch up to global tech race El Sett: A cinematic tribute to Umm Kulthum's legacy and life Exploring love and memory in Sarah Francis Dead Dog Bengal Tiger at Baghdad Zoo: Inside Iraq War's chaos and trauma Turkey's central bank said Thursday it had cut its key interest rate to 38 percent as annual inflation figures slow. At a policy meeting, the bank "decided to reduce the policy rate from…...