German central bank warns of overblown property prices

German central bank warns of overblown property prices

Germany’s central bank warned Thursday about skewed valuations in the housing market, calling it a “specific vulnerability” as property prices continue to soar. “We have basically seen all indicators — prices, credit — those indicators kept increasing in Germany and you don’t really see a big effect of the pandemic,” Claudia Buch, vice-president at the … Read more

Fed ready to raise interest rates if inflation continues to run high, minutes show

Fed ready to raise interest rates if inflation continues to run high, minutes show

Federal Reserve officials at their meeting earlier this month expressed concern about inflation and said they would be willing to raise interest rates if prices keep rising. The committee that sets interest rates for the Fed on Wednesday released the minutes from the November session where it first signaled that it could be dialing back … Read more

Key inflation figure for the Fed up 4.1% year over year, the highest since January 1991

Key inflation figure for the Fed up 4.1% year over year, the highest since January 1991

Gasoline prices are displayed at a gas station on November 16, 2021 in San Mateo County, California. Liu Guanguan | China News Service | Getty Images Inflation rose strongly in October, accelerating at its fastest pace since the early 1990s, according to a Commerce Department gauge released Wednesday that is closely followed by Federal Reserve … Read more

Weekly jobless claims post stunning decline to 199,000, the lowest level since 1969

Weekly jobless claims post stunning decline to 199,000, the lowest level since 1969

The ranks of those submitting jobless claims tumbled to their lowest level in more than 52 years last week, the Labor Department reported Wednesday. New filings totaled 199,000, a number not seen since Nov. 15, 1969, when claims totaled 197,000. The report easily beat Dow Jones estimates of 260,000 and was well below the previous … Read more