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Trump's economic agenda for his second term is clouding the outlook for mortgage rates

Donald Trump’s election win is clouding the outlook for mortgage rates even before he gets back to the White House. The president-elect campaigned on a promise to make homeownership more affordable by lowering mortgage rates through policies aimed at knocking out inflation. Mortgage rates are influenced by several factors, including moves in the yield for U.S. 10-year Treasury bonds, which lenders use as a guide to price home loans.

Trump win could be a double whammy for Hungary's economy

Donald Trump's victory may be a political boon for Hungarian leader Viktor Orban but on the economy, Trump is bad news for Hungary - adding to inflationary risks due to a weak forint and lower output due to possible tariffs on Europe's auto sector. With the forint already on the back foot since the Hungarian central bank's latest rate cut in September, Trump's stunning win sent central Europe's worst-performing currency to levels last seen in 2022, when the bank launched emergency rate hikes.

US Climate Official Tells COP29 Oil Boom Aids Energy Transition

(Bloomberg) -- The surge of US oil and gas output under the Biden administration is an enabler of the energy transition, not a black mark on the country’s climate progress, a top White House adviser said Wednesday.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesThe Leaf Blowers Will Not Go QuietlyNo Water by Year-End for This Zimbabwean City of 700,000 PeopleArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough i

Rest of world’s markets broken by Trump’s America-first plan

(Bloomberg) -- Donald Trump’s election victory has catapulted US stocks to fresh records and pushed the dollar to a two-year high. It’s anything but good news for the rest of the world. Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesThe Leaf Blowers Will Not Go QuietlyNo Water by Year-End for This Zimbabwean City of 700,000 PeopleArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough in Denver’s RiNo DistrictEqui