Inflation is moving in the wrong direction and the labor market remains stable, a combination that bolsters the case for higher interest rates.
Category: Inflation (Economics)
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The Fed Is Expected to Hold Rates Steady. Warsh Will Have to Explain Why.
The New York Times – Business: -
Global Oil Price Hits $117 a Barrel, Highest Since April
The New York Times – Business:Investors have grown increasingly concerned that the war in Iran could escalate again, putting energy supplies at greater risk.
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A Simple Way to Benefit From Rising Rates: Buy Money Market Funds
The New York Times – Business:While higher interest rates are a complication for stocks and bonds, they are an unequivocal boon if you just want to park some cash and make a little money, our columnist says.
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Mortgage Rates Remain Above 7%, Pushing Home Prices Lower in Some Areas
The New York Times – Business:The 30-year, fixed-rate mortgage dropped slightly to 7.32 percent as prospective home buyers continue to struggle with affordability. But home prices are starting to drop in some areas.
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Why Many Voters Are Unhappy With the Economy
The New York Times – Business:With the midterms approaching, the economy is a top concern for voters. Our chief economic correspondent, Ben Casselman, describes which aspects of the economy have voters so frustrated.
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3 Charts That Explain the Economy as Voters Head to the Polls
The New York Times – Business:Inflation is high, consumer spending is strong and seemingly everything depends on what happens with artificial intelligence.
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When Will the Fed Move on Rates?
The New York Times – Business:Kevin Warsh, the central bank’s chairman, suggested he wouldn’t push to raise borrowing rates this month. But persistent inflation may force the Fed’s hand.
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Why Bad News in the Bond Market May Be Good News for Investors
The New York Times – Business:In the contrarian logic of investing, rising interest rates have made bonds much more attractive, our columnist says.
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Warsh Vows Price Stability as A.I. Delivers ‘Shock’ to Economy
The New York Times – Business:The Federal Reserve chairman said technological change was complicating the outlook for central banks as policymakers grapple with persistent inflation risks.
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Mortgage Rates Hover at 7.4%, Highest Since 2023
The New York Times – Business:The average 30-year, fixed-rate mortgage has steadily risen in recent weeks, compounding affordability challenges for many Americans.
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Homeownership Drifts Further Out of Reach as Mortgage Rates Rise
The New York Times – Business:Mortgage rates have pushed above 7 percent and home prices remain elevated, hurting the prospects of would-be buyers.
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Stocks Tumble as Concerns Over Inflation and A.I. Investments Grow
The New York Times – Business:The S&P 500 fell 1.1 percent on Wednesday, the steepest drop in more than two months.
