Current Mortgage Interest Rates on Jul. 17, 2025
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The jobless rate had held between 3.9% and 4.2% since late 2023 even as the broader economy slowed, a surprising resilience that gave the Reserve Bank of Australia scope to hold rates at 3.85% this month to await more data on inflation.
The Pound Euro ( GBP/EUR) exchange rate wavered on Thursday as markets reacted to the UK’s latest labour market report. At the time of writing, GBP/EUR was trading at €1.1539, only marginally up on the day, having retreated after touching €1.1562.
U.S. retail sales rebounded more than expected in June, suggesting a modest improvement in economic activity and giving the Federal Reserve cover to delay cutting interest rates while it gauges the inflation fallout from import tariffs.
Some investors had clung to a bit of hope that the Federal Reserve would cut interest rates at its next meeting on July 30. Tuesday's report on inflation brought the chances of that down even further.
The Altcoin Season Index rises amid expanding altcoin market capitalization, reflecting increasing interest in meme tokens like PEPE. Pepe (PEPE) shows signs of consolidating at around $0.00001364 on Thursday, following a falling wedge pattern breakout, which reached the intended target slightly above $0.00001400 the previous day.
The Reserve Bank shocked most experts, and borrowers, by keeping interest rates on hold in July, but does it mean we might see a super-sized cut in August?
Wells Fargo beat second-quarter profit estimates on Tuesday but cut its 2025 guidance for net interest income, dropping shares of the lender by more than 5%.
Interest in Pepe remains high despite the trend reversal experienced on Tuesday, which saw the meme coin test support at $0.00001169. According to CoinGlass, the futures Open Interest (OI) has increased by 33.5% to $685 million, from $455 million, as of July 2.
The Federal Reserve cut interest rates in 2024 after having raised them 11 times throughout 2022 and 2023 to combat inflation, but savings rates still haven't substantially declined.
Jamie Dimon warned that markets are underestimating inflation and the risk of more Fed rate hikes amid global trade tensions.