It’s taken financial markets almost four months to register the likelihood that U.S. interest rates could rise above 5% by March, the highest level since 2006, but that moment may finally be arriving....
Tag: Interest Rates
BofA’s Rick Sherlund predicts software comeback
Bank of America top banker Rick Sherlund sees a major market shift ahead. According to Sherlund, optimism surrounding technology stocks will make a comeback this year — but the key is to weather the u...
ADP jobs report December 2022:
The jobs market closed out 2022 on a high note, with companies adding far more positions than expected in December, payroll processing firm ADP reported Thursday. Private payrolls rose by 235,000 for ...
Where to keep your cash amid high inflation and rising interest rates
dowell | Moment | Getty Images Investors have many options when saving for short-term goals, and those choices have become more complicated amid high inflation and rising interest rates. While there h...
Share of car buyers with monthly payments over $1,000 hits record high
Financing a new or used car is more expensive than ever, new research shows. Amid rising interest rates and elevated auto prices, the share of new car buyers with a monthly payment of more than $1,000...
Here are some strategies that can help you dig out of holiday debt
While some Americans are still recovering from holiday festivities, many others may have lingering effects of spending regrets. Overall U.S. retail sales increased 7.6% year-over-year between Nov. 1 a...
Fed Minutes Hint At Optimism On Inflation, But Forecast High Rates For 2023
WASHINGTON, DC – SEPTEMBER 24: The minutes from the Fed’s December meeting acknowledged easing … [+] inflation but committed to moving rates higher. (Photo by Drew Angerer/Getty Imag...
Fed minutes December 2022:
WASHINGTON – Federal Reserve officials are committed to fighting inflation and expect higher interest rates to remain in place until more progress is made, according to minutes released Wednesday from...
‘2022 has been the scariest year of my adult and professional life’: One mortgage broker reveals how the housing slowdown upended financial security.
When mortgage rates hit 7% in the fall, Austin-based mortgage broker Aaron Kovac was a little spooked. After a stunning rise in home sales amid ultra-low interest rates, “the market just went absolut...
When’s The January CPI Report And What To Expect From It
WASHINGTON, DC – JANUARY 29: Federal Reserve Board Chairman Jerome Powell will be watching coming … [+] inflation data closely. (Photo by Samuel Corum/Getty Images) Getty Images The Consum...
When To Expect The Fed To Raise Rates Again In 2023
Jerome Powell, chairman of the US Federal Reserve, is expected to announce another interest rate … [+] hike on February 1. Photographer: Al Drago/Bloomberg © 2022 Bloomberg Finance LP Markets ex...
For Battered Bonds, Threats of Further Losses Linger
The year 2022 marked a truly historic bust for the U.S. bond market. The question now is whether 2023 will produce any kind of meaningful rebound. Normally a safe investment, U.S. bonds delivered loss...
The U.S. dollar surrendered its status as the world’s premier safe haven in Q4. Here’s how.
The U.S. dollar’s status as one of the few dependable safe havens for investors during this year’s market mayhem started to erode during the fourth quarter, even as the greenback posted its biggest ye...
How BofA came back from the brink of collapse
The 2008 financial crisis had a devastating impact on Bank of America. Shares of the bank were trading for as low as $2.53 in 2009 and net income dropped from a high of $21 billion in 2006, to just $4...
Will Federal Reserve Rate Hikes Pull Down Inflation? Probably Not, New Research Shows
US Federal Reserve Chairman Jerome Powell speaks during a press conference after a Federal Open … [+] Market Committee meeting in Washington, DC on July 31, 2019. – The US Federal Reserve ...
10 ways American finances actually improved in 2022, despite high interest rates and a slump in stocks
Many Americans are ending the year feeling gloomy about their finances, and you don’t need to be a psychiatrist to figure out why. Runaway inflation gnawed through household budgets as prices soared o...
Elon Musk Warns About a Bad Decision
The deterioration of the economic climate has been one of the main concerns for investors for several months now. This is reflected in particular in the fall of nearly 33% of the Nasdaq 100 stock mar...
Housing Recovery Forecast For 2024 As Homebuilder Sentiment Falls Again
(Photo by Justin Sullivan/Getty Images) Getty Images Key Takeaways Confidence from homebuilders has now fallen every month for a year, hitting levels not seen since 2012, according to the National Ass...
What To Expect From The Fed’s First Meeting Of 2023
Jerome Powell, chairman of the US Federal Reserve, takes a question during a news conference … [+] following a Federal Open Market Committee (FOMC) meeting in Washington, DC, US, on Wednesday, D...
Perhaps Milton Friedman Was Right
Notorious gangster Al Capone attempts to help unemployed men with his soup kitchen “Big Al’s Kitchen … [+] for the Needy.” The kitchen provides three meals a day consisting of ...
Benchmark Treasury yields firm but near recent lows on slowdown fears.
Longer-term bond yields rose on Monday, but remain near 3-month lows as investors continue to fret about a global economic slowdown. What’s happening The yield on the 2-year Treasury TMUBMUSD02Y, 4.18...
Interest Hikes, Inflation, and Stagflation: Watch the Fed in 2023
Inflation has raged over the past year and a half, jumping 7.7% in the 12 months through October. The Federal Reserve responded by raising interest rates. The central bank started in March, though man...
Elon Musk Sounds the Alarm Over a Brewing Automobile Crisis
The auto sector is one of the victims of the aggressive interest rate hikes by the Federal Reserve to crush inflation, which is at its highest in 40 years. According to experts, this monetary policy ...
Given up on Wall Street? Here’s how stocks could rally 20% next year, says veteran analyst
Just two weeks of 2022 to go and the stock market mood remains grim. The latest burst of optimism, on further evidence that U.S. inflation continues to ease, has again evaporated. Equity investors fea...
How To Take Advantage Of Today’s Generous Corporate Bond Yields
The desert of no yield Tim Graham/Getty Images The Federal Reserve imparted new meaning to quantitative easing and low interest rates both during and after the pandemic. Since then, we investors have ...
ECB slows rate hikes, but signals it’s far from done
The European Central Bank delivered a half-point rate increase Thursday, slowing the speed of its monetary tightening after a pair of larger rate moves. But policy makers emphasized that market partic...
The Bulls’ Worst Recession Fear: There Won’t Be One
“There ain’t gonna be no recession,” Pierre Rinfret, an economist who once advised the Nixon administration, confidently declared in December 1969. Better at attracting publicity than forecasting, he ...