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US fixed 30-year mortgage rate rises to highest since July 2025

US fixed 30-year mortgage rate rises to highest since July 2025

By Ann Saphir Sept 3 (Reuters) - The average rate on the popular U.S. 30-year fixed-rate mortgage rose this week to its highest in more than a year, a fresh pain point for households already dealing with affordability challenges as a surge in energy prices amid renewed Middle East hostilities

Billionaire Stanley Druckenmiller gets sharp response from Scott Bessent

Billionaire Stanley Druckenmiller gets sharp response from Scott Bessent

Stanley Druckenmiller sounds alarm on Treasury’s bond strategy, but his former protégé Scott Bessent says the billionaire may have lost money on the trade.

Yen jumps, oil pumps

Yen jumps, oil pumps

By Jamie McGeever ORLANDO, Florida, Sept 2 (Reuters) - The Japanese yen leaped against the dollar on Wednesday, its biggest rise since joint U.S.-Japanese intervention a month ago, while U.S.

G20 finance chiefs except China back action on distorted trade

G20 finance chiefs except China back action on distorted trade

By Philip Blenkinsop and David Lawder ASHEVILLE, North Carolina, Sept 1 (Reuters) - The Trump administration won backing from all G20 financial leaders except China's on Tuesday to act against "non-market" policies and distortions that cause over-reliance on exports and hinder growth elsewhere.

Warsh's Jackson Hole encore may put Trump's inflation record under a microscope

Warsh's Jackson Hole encore may put Trump's inflation record under a microscope

By Howard Schneider WASHINGTON, Sept 2 (Reuters) - After opening the door to higher interest rates last week, U.S.

Fed's Waller open to leaving rates unchanged this month if inflation cools

Fed's Waller open to leaving rates unchanged this month if inflation cools

Fed's Waller open to leaving rates unchanged at September meeting if inflation cools

Fed's Waller open to leaving rates unchanged at September meeting if inflation cools

Morning Bid: Bonds breathe sigh of relief

Morning Bid: Bonds breathe sigh of relief

A look at the day ahead in European and global markets from Rocky Swift Battered bond markets licked their wounds on Thursday, with yields in the U.S. and Japan edging lower, but little has changed to improve the overall picture for debt investors.

US labor market remains stable; services input price rises point to elevated inflation

US labor market remains stable; services input price rises point to elevated inflation

By Lucia Mutikani WASHINGTON, Sept 3 (Reuters) - The number of Americans filing claims for unemployment benefits rose marginally last week amid low layoffs, pointing to stable labor market conditions that give the Federal Reserve room to focus on inflation stemming from the Middle East conflict.

Scott Bessent has surprising answer for U.S. debt fears

Scott Bessent has surprising answer for U.S. debt fears

His answer challenges the biggest assumption rattling bond investors

Trump presses Fed to lower interest rates. Why it may do the opposite

Trump presses Fed to lower interest rates. Why it may do the opposite

President Donald Trump again pressured the Federal Reserve to lower interest rates, but more Fed officials are signaling their interest in a hike.

Dollar gains on rate hike expectations, yen retreats past 160

Dollar gains on rate hike expectations, yen retreats past 160

By Ankur Banerjee and Medha Singh Sept 1 (Reuters) - The dollar strengthened on Tuesday as renewed Gulf attacks sparked a global bond selloff and stoked inflation worries, while the yen slid past 160 per dollar again even as pressure mounted on the Bank of Japan to raise rates. U.S.