Category: Credit and Debt

As the Fed Raises Rates, Worries Grow About Corporate Bonds

The New York Times – Business:
Executives, analysts and bond traders are all wondering if corporate finance is about to unravel as interest rates rise.
U.S. Mortgage Rates Soar Past 7%

The New York Times – Business:
The average rate on 30-year mortgages — the most popular kind among Americans — rose to the highest level since 2002, tracking the Federal Reserve’s aggressive campaign of rate increases.
European Central Bank Is Set to Raise Interest Rates Again

The New York Times – Business:
Policymakers on Thursday are expected to approve a hefty rate increase to corral prices that have risen “far too high.”
After a Storm, Britain’s Economy Finds Itself Rudderless

The New York Times – Business:
The departure of Prime Minister Liz Truss raises uncertainty in a country searching for answers to soaring inflation and stagnant growth.
Appeals Court Finds Consumer Bureau’s Funding Unconstitutional

The New York Times – Business:
The decision, expected to be appealed, could upend every regulation and enforcement action the bureau has issued.
JPMorgan, Citigroup and Other Big Banks See Profits Drop

The New York Times – Business:
Lenders foresee economic “headwinds,” but household spending is mostly holding up, buffering profits from turmoil in financial markets.
Andrew Bailey Battles Inflation Amid Britain’s Financial Storm

The New York Times – Business:
Andrew Bailey, the Bank of England chief, is trying to calm markets, wrestle inflation and maintain the bank’s credibility amid Britain’s financial storm.