Financial Times (January 9)
“Unemployment in the eurozone fell back to a record low of 6.4 per cent in November, defying recent economic gloom after the number of jobless people fell almost 100,000 from a month earlier.” With the job market “proving more resilient than expected,” the ECB may worry more “about the timing of a potential cut in interest rates” as “rapid wage growth could keep price pressures elevated.”
Tags: 4%, Cut, ECB, Economic gloom, eurozone, Interest rates, Jobless, Market, November, Record, Resilient, Timing, Unemployment, Wage growth
Marketwatch (July 14)
“Only 9% of all existing mortgages in the U.S. were taken out with a rate of above 6%,” with a majority of mortgages at rates below 4%. As a result, “the supply of new homes has been severely constrained by this imbalance…. New listings — a measure of how many sellers were putting up their homes for sale — were down 27% in early July versus a year ago.”
Tags: 4%, 6%, 9%, Constrained, Existing mortgages, Homes, Imbalance, New listings, Sale, Sellers, Supply, U.S.
