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View: Why a recession in the US won't be very bad for India

Harvard s Jason Furman started the year with a 50% probability of a recession within the next one year. He s now recalibrated it to 20%. Mark Zandi, chief economist at Moody s Analytics, reduced his estimate from 50% to 33%. Goldman s Jan Hatzius was an outlier with a 35% probability at the start of the year. He has now pegged it down to just 15%. ....

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UK lenders step up mortgage price battle as inflation slows

British lenders have accelerated price cuts on mortgages as competition intensifies, inflation slows and markets increase bets on future Bank of England (BoE) interest rate cuts. Average rates on fixed-rate mortgage products have fallen by more than 0.5 percentage points since peaking in July, Moneyfacts data shows, even before the BoE starts to reduce the benchmark rate that underpins borrowing costs. The latest inflation data on Wednesday showed price rises in Britain fell faster than expected in October, plunging to 4.6% from 6.7% the prior month, leading to further investor bets on BoE rate cuts next year. ....

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'Light at the end of the tunnel' as mortgage rates expected to fall further

Fixed mortgage rates may fall further following better-than-expected inflation data as brokers hailed a “light at the end of the tunnel” for homeowners. ....

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Three more big lenders cut mortgage rates

Three of Britain’s largest lenders are cutting rates on some of their home loans from this week. ....

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Americans are finally getting used to the bad homebuying conditions

The share of folks who said it’s a "good time to buy" increased to 22% in June but remained well below the historical trend. ....

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