The Fed should heed the bond market and slash interest rates

2019-08-23

The yield curve has inverted, and that’s vital information for the Fed. This week’s main event takes place on Friday, when Federal Reserve Chairman Jerome Powell kicks off the Kansas City Fed’s annual economic symposium in Jackson Hole, Wyo. Financial markets will be listening closely for hints about the near-termRead More →

A Danish bank is offering mortgages with negative interest rates — why you shouldn’t wish for that to happen in the U.S.

2019-08-12

It’s safe to say that mortgage rates have never been lower in Denmark. In fact, they’re now negative. Denmark’s Jyske Bank JYSKY, -20.24%, is now offering a 10-year fixed-rate mortgage at negative 0.5%. Additionally, Finland-based Nordea Bank announced Wednesday that it will offer a 20-year fixed-rate mortgage in Denmark thatRead More →