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UK housing market activity slows amid mortgage rate volatility

UK housing market activity has declined sharply following a rapid withdrawal of mortgage products and rising borrowing costs linked to geopolitical tensions and inflation concerns. Estate agents report increased buyer and seller anxiety, with transaction volumes falling and price reductions becoming more common. The post UK housing market activity slows amid mortgage rate volatility appeared first on...

March CPI jumps 0.9% as gas prices surge on Iran conflict

The Consumer Price Index rose 0.9 percent in March, its largest monthly gain since June 2022, as a 21.2 percent surge in gasoline prices — the biggest single-month increase in the index's history — accounted for nearly three-quarters of the monthly increase, the Bureau of Labor Statistics...