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Fed Expected to Raise Rates; HSBC Wealth Income Jumps 21%

8/6/2026

23 2 Full Breakdown

Summary

Story summary

The California Association of Realtors said 19% of households could afford $916,750 home and 30% could afford a condo in Q2 2026.
CEO Brian Moynihan said he expects the Federal Reserve to raise rates in September, October and December 2026, and noted groups are converging.
UBS analysts said HSBC’s wealth-management unit posted a 21% rise in income and 8% net new money in Q2, shares fell 4.6% in London.

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Story summary

The California Association of Realtors said 19% of households could afford $916,750 home and 30% could afford a condo in Q2 2026.
CEO Brian Moynihan said he expects the Federal Reserve to raise rates in September, October and December 2026, and noted groups are converging.
UBS analysts said HSBC’s wealth-management unit posted a 21% rise in income and 8% net new money in Q2, shares fell 4.6% in London.