Overseas Headlines – October 26, 2021

United States:

U.S. Home-Price Appreciation Is Cooling Off Ever So Slightly

“U.S. home prices jumped 19.8% in August, the latest in a string of massive gains in the pandemic real estate market. But after more than a year of a hot market, there are slight signs of a cooldown.”



ECB’s Rock-Bottom Rate Pledge Is No Longer Convincing Investors

“European Central Bank officials have some convincing to do about their commitment to rockbottom interest rates, at a time when investors are growing skeptical.”



Bank of Korea Plays Down Weaker Growth, Sees Recovery on Track

“South Korea’s central bank played down a virus-induced slowdown in growth, saying the economy’s recovery remains on course, potentially signaling it plans to push ahead with an interest-rate increase.”



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