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lower the target range for the federal funds rate to 1-1/2 to 1-3/4 percent; and maintain the target range at 2 percent to 2-1/4 percent.
National Association of Home Builders/Wells Fargo Housing Market Index – well above expectations and the highest level of the year; but warning signs shows cause by US trade war with China
NBCUniversal |
Saudi Arabia’s stock market fell by 2.3% at Sunday’s open as the country grappled with weekend attacks on the heart of its oil production facilities in Abqaiq and Khurais.
Bank of Canada |
The overnight rate at 1 ¾ percent. The Bank Rate is correspondingly 2 percent and the deposit rate is 1 ½ percent.
Reserve Bank of Australia |
Reserve Bank of Australia decided to leave the cash rate unchanged at 1.00 per cent
"A growing number of architecture firms are reporting that the ongoing volatility in the trade situation, the stock market, and interest rates are causing some of their clients to proceed more cautiously on current projects,”
the 30-year fixed-rate mortgage rate in the U.S. averaged 3.60 percent in the first week of August 2019, the lowest it has been since November 2016.
chinapost |
Average rate on the 30-year mortgage dropped to 3.60% from 3.75% last week. A year ago the rate stood at 4.59%
Bloomberg |
Reserve Bank prepared to reduce Australia’s record-low interest rates further, though he signaled that the economy could in fact be through the worst of its slowdown.
Reserve Bank of Australia |
the Board decided to leave the cash rate unchanged at 1.00 per cent.