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Israel Defense Forces: A new round of missile attacks by Iran into Israel has been detected.April 3 - According to data from online platforms, as of April 3, the total box office revenue for films in 2026 (including pre-sales) has exceeded 12 billion yuan.On April 3, Carson Groups chief macro strategist, Sonu Varghese, stated that the latest labor force data indicates that the economy is adding enough jobs to keep pace with population growth. However, he pointed out, "This will complicate matters for the Federal Reserve, making it pointless to consider rate cuts, especially given the scale of the impending inflationary shock." He added that inflation was already present before the Middle East crisis that caused energy prices to soar, "ultimately, last years rate cuts appear to have been a mistake."According to Iranian state media, Shahid Beheshti University in northern Tehran and the Mehrabad airport area in western Tehran were attacked by the United States and Israel.April 3rd - According to foreign media reports, strong US labor market data reduced market bets on a Federal Reserve rate cut this year, causing US Treasury prices to fall and yields to rise by 3 to 5 basis points, with the policy-sensitive two-year Treasury yield leading the gains. The market had previously expected the Fed to ease monetary policy by only about 1 basis point this year, compared to about 4 basis points before the report was released. David Robin, interest rate strategist at TJM Institutional Services LLC, said the Fed is "very likely to keep rates unchanged until the end of June, or even longer." He added, "This is pre-conflict data, but even so, it shows a higher baseline (for rate cuts)."

High Mortgage Rates Force First-time Buyers to Rent, According to Rightmove

Aria Thomas

Nov 25, 2022 14:27

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The property website Rightmove (OTC:RTMVY) said on Friday that the demand for rental homes in the United Kingdom surged in October as prospective first-time buyers postponed their purchases owing to rising mortgage rates.


However, the total number of renters and purchasers on the market declined by 1% compared to the same period previous year.


In recent months, mortgage rates in the United Kingdom have risen beyond 6%, increasing after the "mini-budget" of former prime minister Liz Truss on September 23 rattled financial markets.


Since then, rates have fallen due to Jeremy Hunt's Autumn Statement, which guaranteed stamp duty reductions through March 31, 2025.


According to Britain's largest property marketplace, first-time buyers have been significantly impacted by the hike, prompting them to consider renting in the near future while they await the inevitable stability of mortgage rates.


Tim Bannister, a property expert at Rightmove, commented, "It is very understandable why some buyers, especially first-time buyers, are waiting for better financial stability."


Now that there are indicators that mortgage rates are stabilizing, it is probable that they will settle at a higher level than buyers in the past have experienced.


42% of prospective first-time buyers who intend to enter the property market over the next several years have already amassed their entire down payment while awaiting a reduction in interest rates. 43% more were engaged in savings.


Tenants are already facing a large increase in expenses owing to the rising costs of electricity, fuel, food, and council tax, which are reflected in the statistics.


As a result of the highest rate of inflation in 41 years, real wages are decreasing, placing incomes under the most severe pressure in decades.

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