#forecasting

#forecasting

Mortgage rate forecasts for 2025 have proven inaccurate, with rates unexpectedly rising above 7% due to inflation concerns.

Mortgage rates are stabilizing and housing demand remains resilient, despite concerns about tariffs and inflation.

Tropical Storm Oscar caused significant flooding and fatalities in Cuba, surprising forecasters with its development and intensity despite early predictions.

Warm seas and warm air contribute to stronger storms, crucial for forecasters and long-term projections.

Hurricane Milton spared Tampa from catastrophic impact due to a southward shift in its path.

Forecasters predict a highly active 2024 Atlantic hurricane season with an above-normal number of named storms and major hurricanes.

The rapid intensification of hurricanes is a growing concern due to increasingly warm ocean temperatures.

OECD predicts global economy to grow by 3.1% this year and 3.2% in 2025, with disparities among different regions.

The UK economy is projected to grow more rapidly than previously estimated, potentially benefiting the incoming government post-election.