If President Joe Biden rolls back tariffs on Chinese exports, it could have bigger implications than the impact on inflation. The U.S. is considering dropping the levies started by Donald Trump in 201...
Tag: economic performance
I’m the director of forecasting for the National Association of Realtors. Here are 6 things you should know about the housing market now
As part of our series where we ask prominent economists and real estate pros their take on the housing market now, we talked to Nadia Evangelou, senior economist and director of forecasting at the Nat...
Biden Administration Weighs Move to Trim Mortgage Costs as Home Prices Rise
WASHINGTON—The Biden administration is weighing a move to trim mortgage costs for first-time and lower-income buyers, a bid to boost affordability when average home prices are at an all-time high. Pre...
June Jobs Data, FOMC Minutes, Levi’s Earnings, and More for Investors to Watch This Week
Text size Uncredited The stock market will be closed on Monday for Independence Day. It will be a light week on the earnings calendar once investors return, but with plenty of notable economic release...
Home Prices Could Level Out in 2023, Redfin Says. What Could Make Them Drop.
Text size The median home sale price was 14% higher for the four-week period ending June 26 from a year earlier, Redfin said. Joe Raedle/Getty Images As the housing market cools down from its red-hot ...
Micron Issues Muted Sales Forecast On Demand Weakness
Memory-chip maker Micron Technology issued a subdued revenue outlook, spooking investors even as it reported a strong rise in earnings for its latest quarter. “Recently, the industry demand environmen...
The Latest Inflation Data Is (Mildly) Good News for the Fed
Fed chief Jerome Powell, shown testifying before a House panel last week, may not have to raise rates as aggressively at coming meetings as some inflation data are showing signs of peaking. Win McName...
Opinion: Stocks could drop 50%, Nouriel Roubini argues. Things will get much worse before they get better.
NEW YORK (Project Syndicate)—The global financial and economic outlook for the year ahead has soured rapidly in recent months, with policy makers, investors, and households now asking how much they sh...
U.S. stock futures struggle for gains ahead of GDP data
U.S. stock futures struggled for direction on Wednesday, leaving Wall Street potentially on course for a third consecutive day of losses, as investors fret that soaring inflation is damaging the world...
Dow Jumps More Than 800 Points as Fears of Interest-Rate Hikes Subside
Stocks rallied on Friday after fresh economic data tempered investors’ expectations of steep Federal Reserve interest-rate hikes, as major market indexes notched their first weekly gains after three c...
Bowman backs steep rate hikes and wants to ‘get the Fed out’ of housing market
Federal Reserve Gov. Michelle Bowman said she supports an aggressive series of interest-rate increases to try to tame inflation and eventually wants the central bank to stop intervening in the U.S. ho...
The U.S. housing market is teetering on recession. Will the economy soon follow?
The last time the housing market suffered a major meltdown in 2006, it took the entire U.S. economy with it. But history never follows the exact same script twice. The weakening housing market is undo...
Powell says U.S. economy can handle the additional rate hikes that are coming
Federal Reserve Chairman Jerome Powell on Wednesday pushed back against economists who argue that aggressive Fed interest-rate hikes have increased the odds of a recession or hard landing for the U.S....
I’m the COO of a mortgage company that’s funded more than $100 billion in loans. Here are the 3 things you need to know about the housing market now
Steve Reich Mortgage rates climbed above 6% last week, according to Bankrate data, with some pros saying they may go higher. (You can see the lowest mortgage rates you may qualify for here.) On top of...
Stocks Historically Don’t Bottom Out Until the Fed Eases
Another week of whipsaw stock trading has many investors wondering how much farther markets will fall. Investors have often blamed the Federal Reserve for market routs. It turns out the Fed has often ...
The 60/40 Stock and Bond Strategy’s Time Has Come Again
Text size Dreamstime It may be time for investors to return to one of the oldest of portfolio management tools to cope with the new bear market. That would be the traditional combination of 60% stocks...
Interest Rates Are Well Below What Academic Formulas Suggest, Fed Report Says
Several simple mathematical formulas used to inform where interest rates should be set under current economic conditions show that high inflation would call for the Federal Reserve to set rates betwee...
Why stock-market investors are ‘nervous’ that an earnings recession may be looming
Investors are anxious the stock market may be facing an earnings recession, potentially leading to deeper losses after the S&P 500 index just suffered its worst week since March 2020. “It’s prett...
Here’s the comment from Powell that could make it hard for the Fed to slow down the pace of interest-rate hikes
The Friday before the Federal Reserve’s interest-rate decision will be most remembered for the surprise acceleration in consumer prices, which took inflation to a fresh 40-year high. But there was ano...
Retirees Should Gird for a Long Run of High Inflation. Here’s How.
Retirees and seniors who are feeling the pinch of higher prices could be in for a long struggle as inflation shows few signs of peaking. But financial experts say there are some smart strategies that ...
How to Invest Your Cash for the Best Yields, Without Too Much Risk
Inflation is stubbornly high and interest rates on savings accounts aren’t anywhere close to keeping pace. While the yield on a two-year Treasury is now 3.28%, up from just 0.17% a year ago, the avera...
70% of economists say America is headed for a recession: poll. How to invest now
Worried about a recession? Here are some tips from pros Getty Images/iStockphoto Many economists say the United States will fall into a recession next year, according to a new poll by the Financial Ti...
‘The economy is going to collapse,’ says Wall Street veteran Novogratz. ‘We are going to go into a really fast recession.’
Veteran investor and bitcoin bull Michael Novogratz doesn’t have a rosy outlook on the economy, which he described as headed for a substantial downturn, with the likelihood of a “fast recession” on th...
What the Fed Rate Hike Means for Your Savings, Credit Cards and Loans
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China’s Slowdown Could Tamp Down Global Inflation
China’s slowdown may have a silver lining for the rest of the world: weaker inflation. Growth in the world’s second-largest economy has tumbled this year as Covid-19 outbreaks triggered mass lockdowns...