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July 2024

US house prices annually jump 5.7% in May

ISTANBUL: US house prices annually jumped 5.7% in May, from the same month of last year, the Federal Housing Finance Agency (FHFA) said Tuesday.

The figure for April was revised up to a gain of 6.5% from an increase of 6.3%.

On a monthly basis, howe…

US Fed expected to signal economy on course for interest rate cut

ISTANBUL: The Federal Reserve is expected to signal that US economic indicators and the outlook of the American economy are on course for an interest rate cut in September after its two-day meeting Wednesday, according to an expert.

“The FOMC (Federa…