Inflation comparison: U.S., G20 and European Union

Inflation comparison: U.S., G20 and European Union

G20 comprises Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the U.K. and the U.S., as well as the European Union, represented by the rotating council presidency and the European Central Bank. In June 2022, both U.S. and G20 inflation reached 9.1%, according…

U.K. has the highest inflation rate across G-7 Countries

U.K. has the highest inflation rate across G-7 Countries

Inflation is a key economic indicator that impacts consumers, businesses, and policymakers. Understanding inflation trends in G-7 countries provides a snapshot of the complex and interconnected global economic landscape. The G-7 consists of some of the world’s most advanced economies, including the U.S., Canada, Japan, Germany, France, the U.K. and Italy. Let’s delve into the…

Mortgage refinancing jumps to the highest level since March 2020

Mortgage refinancing jumps to the highest level since March 2020

Even though the U.S. economy remains burdened by the pandemic, prospective homebuyers and those seeking to refinance their existing mortgages are in for some good news. Following a two-week dip, mortgage applications saw a surge of 8.2%, according to the recent report by the Mortgage Bankers Association (MBA) for the week ending Jan. 29, 2021. Mortgage refinancing jumps to…