interest rate

CONSUMER

LA ranks among most expensive U.S. cities for renters, yet buying a home is even harder

Feb 20, 2025 3:26 PM PST

Three of the five most expensive rental markets in the U.S. are in California, including Los Angeles, but data showed that purchasing a home...

Only 28% of aspiring homebuyers successfully secured a home last year

Feb 5, 2025 4:23 PM PST

Amid rising interest rates and soaring home prices, fewer than three in ten prospective buyers succeeded in purchasing a home last year. According to a...

BUSINESS

Korean shares plunge as hopes fade for early Fed rate cut

Jan 17, 2024 8:47 AM PST

Shares plunged nearly 2.5 percent Wednesday on dampened hopes that the U.S. Federal Reserve will start cutting its rates soon, and over uncertainties on...

BUSINESS

Bank of Korea holds rate steady at 3.5 percent

Jul 13, 2023 9:24 AM PDT

The Bank of Korea kept its policy rate unchanged Thursday for the fourth consecutive time, holding it at 3.5 percent. It was a widely expected...

BUSINESS

Won rises as Fed expected to pause rate hikes

Jun 7, 2023 9:16 AM PDT

The won slipped below the 1,300 mark on Wednesday for the first time since late March, thanks to a slowing trade deficit and expectations...

BUSINESS

[Breaking] Fed made another giant steps, raised 0.75%p

Nov 2, 2022 11:45 AM PDT

The Fed decided another interest rate hikes, by 0.75 percentage points, the sixth increase this year to combat against inflation, and signaled to continue...

BUSINESS