WASHINGTON (Reuters) - U.S. Federal Reserve officials say they are confident housing inflation will finally cool in coming months, a key and long-awaited component of their effort to control overall price increases and secure their turn to interest rate cuts. The real challenge on that front, however, may be just over the horizon when a pipeline of new apartments starts...

HONG KONG (Reuters) -Hong Kong announced major measures on Wednesday to bolster its flagging real estate market by scrapping all tightening measures for residential properties, aimed at helping the city's economy which is expected to grow at a tepid 2.5%-3.5% this year. The financial hub will cancel all additional stamp duties on transactions imposed in the past decade in a...

03:02 PM EST, 02/27/2024 (MT Newswires) -- Fed Governor Michelle Bowman (voter) said she will remain cautious in considering future monetary policy changed and noted that it will eventually become appropriate to lower the policy rate. However, Bowman said that the Federal Open Market Committee is not at that point yet and that cutting rates too soon could require future...

04:00 PM EST, 02/27/2024 (MT Newswires) -- Manufacturing activity in the Mid-Atlantic region improved into shallower contraction territory than anticipated this month as orders and employment rose notably, the Federal Reserve Bank of Richmond said Tuesday. The composite index came in at negative 5 in February from negative 15 in January. The consensus was for an improvement to negative 9,...