CNBC’s Jim Cramer on Tuesday told investors that good things will come to those who wait for the Federal Reserve to stop raising interest rates. “I always say there’s no give without...
Tag: Rates
Fed’s Mester says there’s been no progress on inflation, so interest rates need to move higher
With little or no progress made on bringing inflation down, the Federal Reserve needs to continue raising interest rates, Cleveland Fed President Loretta Mester said Tuesday. “At some point, you know,...
Bernanke says Fed shouldn’t use interest rates to ‘fine-tune’ financial stability risks
The Federal Reserve shouldn’t use its interest-rate policy to “fine-tune” financial stability risks, said former Fed Chairman Ben Bernanke on Monday. Speaking to reporters at the Brookings Institution...
Brace for Mortgage Rates to Climb Higher After the Jobs Report
Text size A housing development in Pearland, Texas. Brandon Bell/Getty Images The rising cost of buying a home has cooled the market this year. In a roundabout way, Friday’s jobs report will add to ho...
Mortgage rates step back from the brink, but hesitation is still at a 25-year high
Mortgage rates step back from the brink, but hesitation is still at a 25-year high The interest rate on the most popular home loan in America has fallen for the first time in seven weeks, ending a str...
Fed’s Williams Sees Rates Heading to Around 4.5% to Cool Prices
(Bloomberg) — Federal Reserve Bank of New York President John Williams said interest rates need to rise to around 4.5% over time but the pace and ultimate peak of the tightening campaign will hi...
Bond markets facing historic losses grow anxious of Fed that ‘isn’t blinking yet’
The Federal Reserve has been showing no signs of letting up on aggressive rate hikes, even as its policies fuel carnage for the ages across the roughly $53 trillion U.S. bond market. As a result, borr...
Increase in rates will only trigger a global recession
Monetary tightening will only hurt developing countries It might not cool inflation either Servicing costs on debt across various countries have risen well above 20% On Monday, a report issued by the ...
Mortgage Rates Drop For First Time In 6 Weeks—But Housing Market Downturn Could Last Several Years, Wells Fargo Warns
Topline Despite mortgage rates falling for the first time since mid-August, experts are warning the higher borrowing costs that have tanked the housing market this year could stick around for at least...
Mortgage applications fall 14% as higher rates, Hurricane Ian crush demand
A sign points toward an Open House in Alhambra, California on May 4, 2022. Frederic J. Brown | AFP | Getty Images The highest mortgage rates in more than 20 years coincided with one of the deadliest h...
Global economy will ‘crumble’ if Fed doesn’t stop hiking interest rates, billionaire investor Sternlicht says
““They are going to cause unbelievable calamities if they keep up their action, and not just here, all over the globe,” ” — Barry Sternlicht, CEO, Starwood Capital Group Billionaire Barry Sternlicht,...
What’s happening with home prices? Mortgage rates, tight supply are factors
Daniel Acker | Bloomberg | Getty Images Home prices are softening in most markets across the nation. Yet home prices are still higher compared with a year ago, and it’s unlikely they will fall t...
Manhattan apartment sales fell 18% in Q3 as rates rose and markets declined
Manhattan apartment sales fell 18% in the third quarter, as rising mortgage rates and declining stock markets put the brakes on New York’s real estate comeback. The drop is the first since 2020,...
Air cargo rates slump but some companies see long-term strength
The cost of shipping air freight around the world is slumping, but some companies say the world’s shift to flying goods around the world will keep the market attractive for years. “I don&#...
Genco Shipping CEO sees positive signs out of China despite shipping rates falling
A notable consumer pullback is cropping up in ocean shipping, as evidenced by the constantly falling shipping rates across the world. The Shanghai Containerised Freight Index (SCFI) hit 1,922.95 point...
Mortgage Interest Rates on High, 30-Year Mortgage Tops Highest Since November 2008
Increasing mortgage rates have impacted the entire housing market as the buzz gradually cools off. Compared to the previous week, mortgage interest rates for all types of loans have increased. As a m...
Crypto Better Days Coming: UN Urges Federal Reserve Not To Hike Interest Rates
Crypto prices immediately came crashing down after Federal Reserve Chairman Jerome Powell announced they are increasing interest rates during an economic summit on September 21. Now, in a not-so-delay...
This stock market strategist says the coming recession could be the biggest ever. ‘I recommend prayer.’
Keith McCullough, founder and CEO of Hedgeye Risk Management, isn’t one to mince words about financial markets, the Federal Reserve or the economy. Right now he has a few less-than-charitable things t...
Mortgage Rates Are Closing In On 7%, Signaling Risk Of House Price Declines
MIAMI – JUNE 23: (Photo by Joe Raedle/Getty Images) Getty Images For much of last year you could get a 30-year mortgage at around a 3% rate. Now mortgage costs are closing in on 7%. That’s a dra...
Why Interest Rates Are Rising Everywhere—Except Your Savings Account
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What will happen with inflation, interest rates and housing? Here’s what to expect in the next two years, and what could go wrong.
This article is reprinted by permission from NerdWallet. The investing information provided on this page is for educational purposes only. NerdWallet does not offer advisory or brokerage services, nor...
A huge number of ‘Zombie’ companies are drowning in debt. This CEO sees a reckoning as interest rates soar
Zombies are real. Well, at least “zombie companies” are real. Loosely defined as economically unviable firms that need to borrow to stay alive, an era of cheap money and high-risk investing has fueled...
Mortgage rates recently hit their highest level since 2007. Here’s what 5 economists and real estate pros say will happen next with rates
Where will mortgage rates go from here? Getty Images Since the start of the year, mortgage rates have been trending upwards — and according to many experts, this trend will likely continue through Oct...
Fed Begins to Split on the Need for Speed to Peak Rates
(Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Most Read from Bloomberg Federal Reserve officials are starting to stake out differ...
Real Estate Debt Becoming An Attractive Investment As Stocks Fall And Mortgage Rates Climb
The housing market and all of the uncertainty plaguing it is undoubtedly on the minds of prospective buyers, sellers and investors. As the Federal Reserve continues to try to curb inflation through th...
Jim Cramer says this ‘trifecta’ needs to see dampening inflation for the Fed to stop raising rates
CNBC’s Jim Cramer on Thursday said that there are three crucial areas where inflation needs to come down for the Federal Reserve to stop inflicting pain on the stock market. “They’re...
Interest Rate Sensitive Utility Stocks Are Having A Bad September
residential power distribution with safety equipment per local code getty The Utilities Sector Select Sector SPDR Fund is having a tough September after the Fed began the interest rate hikes. The fund...
Opinion: Florida’s insurance rates have almost doubled over five years, yet insurance companies are still losing money — and the reason is more insidious than hurricanes
Hurricane risk might seem like the obvious problem, but there is a more insidious driver in this financial train wreck. Finance professor Shahid Hamid, who directs the Laboratory for Insurance at Flor...