from here for interest rates. that is quite significant for a lot of investors. consumer retail giants lows as well as macy s set to report their quarterly numbers. nvidia s earnings set to come out tomorrow. that stock price went up around 8% yesterday making it one of the largest tech gainers overall, so key factors to really look out for the remainder of the week. mortgage rates have just hit their highest point in more than 20 years. what does that mean for home buyers? yeah, so, unfortunately, means things have gotten three times more expensive in under three years to be honest when it comes to those interest rates. so the 30-year mortgage rate has actually gone up to around 7.48% as of monday. just a quick reminder that very same figure stood at 2.65% in january 2021, so it kind of shows you how the increase in
now, it doesn t take a rocket scientist to figure that math out that you can t make ends meet when that s the relates. ainsley: donald trump said these claims that the biden administration is making disgraceful. he said look at mortgage rates. he said when i was in office, 2.65. now we re almost at 8%. you are right about consumer prices. gas prices. look at that they are up 61.8%. he said what were they when he took office they were like 1.90 or $2 on average when he took office. steve: way south of where it is. i will give you the one number that stuart varn varney talk abt all the time the grocery store where the rotisserie chicken used to be 5 bucks. well, it was $16 at the height of bidenomics, now it s down to 12 bucks. just saying. ainsley: still a lot higher. more than double. steve: it s more than double. we know what you are feeling. anyway, we thought we would show
pushing the cost of borrowing up is one of the main ways the central bank can tackle inflation, which remains stubbornly high at 7% three and a half times the target. it is a mixed picture for the world as a whole. china s central bank has cut a key interest rate by 0.1% to 2.65%. that s the first cut in ten months and a reflection that the world s second biggest economy is still struggling to recover from the impact of covid. but on wednesday, the us federal reserve held its main lending rate at a range of 5% to 5.25% and warned there may be more increases later this year. so what s the european central bank s thinking behind its increase? here s what the president, christine lagarde, had to say earlier. indicators of underlying price pressures remain strong. although some show tentative signs of softening. staff have resigned
the funding is from the mayor s violence reduction unit. it says early intervention can prevent young people being suspended or excluded, as research suggests there s a link between this, and children who are cautioned or sentenced for serious violence. london fire brigade is warning of the dangers of e bike fires after footage caught the moment one burst into flames while being charged in the kitchen of house in north west london. the brigade was called to the house in harlesden at the weekend no one was hurt. there have been 48 e bike fires and 12 e scooter fires in the capital so far this year. plans to give free school meals to every primary school child in london could cost schools in one south london borough £600,000. officials at lewisham council have warned that the city hall funding from september would only cover £2.65 of the estimated £3 of each meal. a spokesperson for sadiq khan said the mayor s team was working closely with schools and councils to finalise the finer
officials at lewisham council have warned that the city hall funding from september would only cover £2.65 of the estimated £3 of each meal. a spokesperson for sadiq khan said the mayor s team was working closely with schools and councils to finalise the finer details of this unprecedented funding and explore any potential challenges around capacity. london s largest half marathon takes place this sunday, with 25,000 runners taking part in the hackney half. paul archerfrom stoke newington was diagnosed with a rare form of brain cancer in 2017 and feared he may not have long to live. he says he s determined to raise money for the hospital that saved his life and looked after him. initially i thought, this is it, i m out of here. 0nly slowly can you change your beliefs in whether or not you might actually survive a bit longer. let s take a look at the tubes now.