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Mortgage Rates Reach 9-Month High Amid Middle East Conflict, Impacting U.S. Housing Market

Mortgage Rates Reach 9-Month High Amid Middle East Conflict, Impacting U.S. Housing Market

Mortgage Rates Reach 9-Month High Amid Middle East Conflict, Impacting U.S. Housing Market
Reuters Reuters
Inflation worries weigh on US consumer confidence in May

Inflation worries weigh on US consumer confidence in May

By Lucia Mutikani WASHINGTON, May 26 (Reuters) - U.S. consumer confidence eased in May as worries about inflation linked to the war in Iran intensified and households' views of the labor market were largely pessimistic, though they anticipated an improvement by the end of this year.
Reuters Reuters
NZ central bank holds rates steady in tight vote, warns hikes to come sooner

NZ central bank holds rates steady in tight vote, warns hikes to come sooner

By Stella Qiu and Lucy Craymer WELLINGTON, May 27 (Reuters) - New Zealand's central bank held rates steady on Wednesday, but a split vote underscored a knife-edge decision, as policymakers warned rates will need to rise sooner and by more than expected to counter an energy shock rippling through the
Reuters Reuters
BOJ's Ueda warns of potential for temporary energy shock to become persistent

BOJ's Ueda warns of potential for temporary energy shock to become persistent

By Leika Kihara TOKYO, May 27 (Reuters) - Bank of Japan Governor Kazuo Ueda said on Wednesday central banks should not look at oil prices in isolation because a temporary energy shock can become persistent if it feeds into wages, expectations, and price-setting behavior.
Rapid Read Rapid Read
Middle East Conflict Disrupts Thailand's Car Exports, Impacting Global Supply Chain

Middle East Conflict Disrupts Thailand's Car Exports, Impacting Global Supply Chain

Thailand's car manufacturing sector is experiencing pressure due to the ongoing conflict in the Middle East, which is disrupting shipping routes and increasing energy prices. According to the Federation of Thai Industries, auto production in Thailand fell by 0.4% year-on-year in April, totaling 103,794 units. This decline is notable given that overall production had increased by 2.7% year-on-year in the previous month. The conflict's impact on logistics and energy costs is beginning to affect Thailand's automotive industry, which is a significant player in the global supply chain.
Reuters Reuters
Hong Kong overtakes Switzerland as world's top cross-border wealth hub on China ties, report shows

Hong Kong overtakes Switzerland as world's top cross-border wealth hub on China ties, report shows

ZURICH, May 27 (Reuters) - Hong Kong has overtaken Switzerland as the top global booking centre for cross-border wealth, a first that is unlikely to be reversed as hubs in Asia grow faster than the European safe-haven, Boston Consulting Group said on Wednesday.
AP News AP News
World stocks and oil prices are mixed after the US launches strikes in southern Iran

World stocks and oil prices are mixed after the US launches strikes in southern Iran

Shares are mixed in Europe and Asia after the U.S. military said it carried out what it called “self-defense” strikes in southern Iran, including on missile launch sites and boats placing mines
Reuters Reuters
Sri Lanka stuns with 100-bp rate hike as Iran war rattles currency, fuels inflation

Sri Lanka stuns with 100-bp rate hike as Iran war rattles currency, fuels inflation

By Uditha Jayasinghe COLOMBO, May 26 (Reuters) - Sri Lanka's central bank stunned markets by raising its policy rate by an outsized 100 basis points on Tuesday, the biggest hike in four years, as policymakers scrambled to stem inflation and support a currency buckling under soaring energy prices. 
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Gold Prices Decline Amid Renewed US-Iran Tensions and Inflation Concerns

Gold Prices Decline Amid Renewed US-Iran Tensions and Inflation Concerns

Gold Prices Decline Amid Renewed US-Iran Tensions and Inflation Concerns
TheStreet TheStreet
UBS sounds alarm on oil price for the rest of 2026

UBS sounds alarm on oil price for the rest of 2026

Oil markets have a stubborn habit of teaching the same lesson twice. The first time hurts. The second time costs even more. Traders learned that lesson in the 1970s, when two separate supply shocks rewired global commerce in less than a decade. They learned it again in 2008, when crude punched ...
Reuters Reuters
Singapore economy grows 6% y/y in Q1, above advance estimate

Singapore economy grows 6% y/y in Q1, above advance estimate

SINGAPORE, May 25 (Reuters) - Singapore's economy grew 6.0% in the first quarter of 2026 from a year earlier, government data showed on Monday, higher than an official advance estimate of 4.6%.
TheStreet TheStreet
Zillow discovers changes in mortgage rates, housing market

Zillow discovers changes in mortgage rates, housing market

As a mortgage and real estate reporter, I spend a lot of my time tracking mortgage rates ... even when I'm off the clock. Along with hiking and reading, I should add "checking mortgage rates" to my official list of hobbies. The news surrounding mortgage rates has been pretty dismal over the last ...