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Bank of England's Pill says interest rates will need to rise

by Calculated Risk on 1/07/2026 07:00:00 AM From the MBA: MMortgage Applications Decreased Over a Two-Week Period in Latest MBA Weekly Survey Mortgage applications decreased 9.7 percent from two weeks earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending January 2, 2026. The results include an…

Key insights: Seventeen banks, including BNY, Citi, HSBC, Standard Chartered and Wells Fargo, are preparing to test live, tokenized cross-border payments on the company’s blockchain-based orchestration platform.  What’s at stake: The transition to a pilot stage is an important step for Swift as the rise of digital assets threaten its position as a key coordinator…

The S&P 500 Index ($SPX) (SPY) today is up +0.48%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.26%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +1.27%.  September E-mini S&P futures (ESU26) are up +0.49%, and September E-mini Nasdaq futures (NQU26) are up +1.26%.  Stock indexes are climbing today, led by chipmakers, after South Korea’s SK…

Indonesia’s sovereign wealth fund, Danantara, has finalised the combination of four domestic asset management businesses into a single company, reported Bloomberg.   The move will create the country’s biggest asset manager and aiming to strengthen its position against regional rivals, the report said.   According to a statement from the State-Owned Enterprises Agency, the investment management arms of PT Bank Rakyat Indonesia, PT…

The growth of home prices is now anticipated to decelerate to merely 1.2% in 2026, a rate slower than previously predicted and one that does not keep up with inflation, indicating that home prices are effectively decreasing in real terms, according to the Realtor.com 2026 Forecast Midyear Update. This slowdown in home price growth occurs…

Marc Nachmann, Goldman Sachs global head of asset and wealth management. CNBC Goldman Sachs said Thursday it won deals to manage a combined $70 billion in retirement assets for Verizon Communications and Lockheed Martin, one of the larger recent announcements in the fast-growing market for outsourced corporate investing. The mandates include about $30 billion in…

State legislatures are rapidly moving beyond broad artificial intelligence governance to regulate one of AI’s most consequential applications: health insurance coverage determinations. According to a new analysis from Sheppard Mullin’s Healthcare Law Blog, lawmakers are increasingly permitting insurers to use AI to streamline prior authorization and utilization review while drawing a firm line against allowing…

Why more Americans and expat Canadians are considering Toronto Much is made of the brain drain from Canada to the US, but while the flow going the other way is less noteworthy, Donaldson still sees it as a positive trend for the Toronto market. “People only talk about all the people exiting Toronto to go…

By Sammy Hudes That’s down 4.3% from June 2025, marking the 21st consecutive month of year-over-year declines, according to the latest monthly analysis from Rentals.ca and Urbanation, which is based on asking rents across the former’s listings network. It’s the lowest average price for June in four years. The report also said rents have declined…