New York CNN Business — The CEO of one of the nation’s largest banks is preparing for an economic downturn in 2023. But he’s also hopeful that the likely recession
Tag: interest rates
Mortgage rates fall for the second week in a rowMortgage rates fall for the second week in a row
Mortgage rates dropped again this week, after plunging nearly half a percentage point last week. The 30-year fixed-rate mortgage averaged 6.58% in the week ending November 23, down from 6.61%
US cities where you need to earn over $200,000 to afford a homeUS cities where you need to earn over $200,000 to afford a home
Homeownership costs continue to squeeze out all but the richest buyers, and potential homeowners now need to earn $200,000 or more in eight US cities to afford a typical home,
Collapse of Carvana, the ‘Amazon of Used Cars’, ContinuesCollapse of Carvana, the ‘Amazon of Used Cars’, Continues
The sky is not clearing up for Carvana. On the contrary, big clouds continue to gather over the company which was one of the big winners of the covid-19 pandemic,
Fed’s Collins expresses hope that inflation can be tamed without hitting jobsFed’s Collins expresses hope that inflation can be tamed without hitting jobs
Susan Collins, Boston Federal Reserve Source: Federal Reserve Bank of Boston Boston Federal Reserve President Susan Collins expressed confidence Friday that policymakers can tame inflation without doing too much damage
Inflation is cooling, and Wall Street loves itInflation is cooling, and Wall Street loves it
New York CNN Business — Stocks were mostly higher on Tuesday after the US government reported that wholesale prices rose at a far less dramatic rate than expected. That news
Key inflation report indicates the Fed’s rate hikes may be starting to cool pricesKey inflation report indicates the Fed’s rate hikes may be starting to cool prices
Minneapolis CNN Business — A key measure of inflation, wholesale prices, rose by 8% in October from a year before, according to the latest report from the Bureau of Labor
US Treasurys as traders look to PPI inflation dataUS Treasurys as traders look to PPI inflation data
Treasury yields fell on Tuesday as markets awaited the release of October’s producer price index figures and digested US Federal Reserve speaker commentary. At around 4:20 am ET, the yield
Inflation expectations rebound on record-high jump in gas outlook: NY Fed surveyInflation expectations rebound on record-high jump in gas outlook: NY Fed survey
A Sheetz customer gets gasoline at a gas station in Plains, Pennsylvania, US October 19, 2022. Aimee Dilger | Reuters Americans grew more worried about inflation in the October, with
New stock market lows ahead? What investors need to know as Fed signals rates will be higher for longer.New stock market lows ahead? What investors need to know as Fed signals rates will be higher for longer.
Federal Reserve Chairman Jerome Powell feels a clear signal interest rates will move higher and stay there longer than previously anticipated. Investors wonder if that means new lows for the