Mortgage rates are surging faster than expected, prompting economists to lower their home sales forecasts
Mortgage rates are rising far faster than economists had predicted, and some are now revising their home sales forecasts lower as a result.
Mortgage refinance demand plunges 14%, as interest rates spike higher
Fast-rising mortgage rates are causing a drop in mortgage demand, especially refinances.
Powell says ‘inflation is much too high’ and the Fed will take ‘necessary steps’ to address
Federal Reserve Chairman Jerome Powell vowed tough action on inflation, which he said jeopardizes an otherwise strong recovery.
Why the Federal Reserve raises interest rates to combat inflation
Consumers hit with higher prices due to inflation likely aren't looking forward to interest rate hikes from the Federal Reserve. Here's why the Fed does...
Forecasters see growing chance of a recession as Fed hikes rates this year to fight inflation
The probability of recession in the U.S. was raised to 33% in the next 12 months, up 10 percentage points from the Feb. 1 survey.
Wholesale inflation climbed 0.8% in February, lower than estimate but still up 10% from last year
The headline producer price index rose 0.8% in February, which actually was slightly lower than the 0.9% Dow Jones estimate.
Single-family rent prices are surging at a record rate, led by homes in Sun Belt cities like Miami and Phoenix
Single-family rents were up 38.6% in Miami, compared with just a 2% jump for the city in January 2021.
Delaware’s Business Owner: Look to the Future: Staying Afloat During Economic Recession
Even in a sluggish economy, there will be a few industries, and companies, that seem to escape unscathed– somehow avoiding the ups and downs that...
Federal Reserve expected to raise interest rates in week ahead, as Ukraine crisis adds volatility
Investors may take the Federal Reserve's first post-pandemic rate hike in stride, while uncertainty surrounding Ukraine continues to hang over markets.