US housing market ‘in much worse shape’ than Fed admits: economist

The Federal Reserve’s policy tightening has sent the US housing market into a slump – and policymakers have yet to fully recognize the extent of the problems, according to a leading economist. Ian Shepherdson, chief economist at Pantheon Macroeconomics, provided a bearish outlook for homeowners after federal data showed sales of new single-family homes bottomed. … Read more

Watch out for a ‘bear trap’ stock pullback after big summer rally, strategists warn

It looks like a “bear trap” may be lurking in this summer’s big rebound for the stock market, which could lead to painful losses for investors, Glenmede strategists warned in a Monday report. Investors are already appearing reconsider some factors of the strong rebound this summer, including rethinking hopes that the Federal Reserve might not … Read more

Why is the stock market down today? Dow Slides, AMC Dives.

Text size Shares fell on Friday and extended their decline on Monday. Angela Weiss/AFP via Getty Images Stocks fall again as markets anticipate Friday’s Federal Reserve conference in Jackson Hole, Wyoming, where Jerome Powell could take a more aggressive stance on fighting inflation. In the midday trade, the Dow Jones Industrial Average fell by 459 … Read more

Dow opens higher as Walmart and Home Depot beat forecasts

Text size US housing starts in July fell more than expected and to the lowest level since the start of 2021. (Spencer Platt/Getty Images) Shares were mixed at the open on Tuesday after earnings from walmart and Home deposit beat Wall Street forecasts, but a decline in housing starts provided further evidence of a slowing … Read more

Bitcoin Price Rises During Fed Rate Hike Cryptocurrency

The following is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin magazine premium markets newsletter. To be among the first to receive this information and other on-chain bitcoin market analysis straight to your inbox, Subscribe now. On July 27, 2022, the Federal Reserve carried out another rate hike of 75 basis points. … Read more

What the Fed’s latest interest rate hike means for your money

The Federal Reserve is once again using its most powerful weapon in an attempt to stifle the highest inflation in 40 years: increases in interest rates. But the central bank’s decision on Wednesday to raise borrowing costs further means consumers and businesses are grappling with back-to-back increases of three-quarters of a percentage point – a … Read more

Fed triggers another big rate hike in an attempt to curb inflation :: WRAL.com

By CHRISTOPHER RUGABER, AP Business Writer WASHINGTON – The Federal Reserve on Wednesday raised its benchmark interest rate by three-quarters of a point for the second consecutive time in its most aggressive campaign in more than three decades to rein in high inflation. The Fed’s decision will raise its key rate, which affects many consumer … Read more

Fed triggers another big rate hike in an attempt to curb inflation :: WRAL.com

By CHRISTOPHER RUGABER, AP Business Writer WASHINGTON – The Federal Reserve on Wednesday raised its benchmark interest rate by three-quarters of a point for the second consecutive time in its most aggressive campaign in more than three decades to rein in high inflation. The Fed’s decision will raise its key rate, which affects many consumer … Read more