Commentary How can a bank with the power to create money out of thin air manage to lose money and become insolvent? The Federal Reserve can do it. Here is how. The Fed is losing money at an accelerating rate. Based on generally accepted accounting principles (GAAP), the Fed soon could soon be considered insolvent….
Is the Federal Reserve Going Bankrupt?
November 8, 2022
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Business & MarketsBusiness Columnistseconomic policieseconomyFederal Reserveinflationinterest ratesPolicies & ImpactsrecessionUSUS News
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Buying or Selling a Home When Mortgage Interest Rates Are High
November 5, 2022
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BrightEstateinterest ratesinvestingmortgage interest ratespersonal financereal estateWealth Management
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During these days when mortgage interest rates are high and the future of refinance rates unpredictable, you may be wondering whether you should buy or sell a home—or wait until better economic times. It may surprise you to know that now could be a good time for either move. Advantages of Selling Your Home When…
Wall Street Rallies, in Fits and Starts, After Jobs Report
NEW YORK— Stocks rallied Friday, but only after yo-yoing several times, as Wall Street struggled with what to make of the latest reading on the U.S. jobs market and what it means for interest rates and the odds of a recession. The S&P 500 climbed 1.4 percent after seeing an even bigger rally from the…
October Jobs Report Breaks Hopes of a Federal Reserve Pause
November 4, 2022
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AnalysisBusiness & MarketsBusiness ColumnistseconomyFederal Reserveinflationinterest ratesjobsOpinionPolicies & ImpactsrecessionunemploymentUSUS News
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Commentary The October jobs report showed that the economy added 261,000 new jobs, considerably better than the consensus estimate of 200,000 jobs. This morning’s print is 54,000 fewer jobs than were created in September 2022 and 461,000 fewer jobs than were created in the COVID recovery period of 2021. Net revisions for August and September added another 29,000 net…
Economists Foresee Worsening Recession as Federal Reserve Continues to Hike Rates
November 4, 2022
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Business & Marketseconomic policieseconomyFederal Reserveinflationinterest ratesPolicies & ImpactsrecessionUS
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With the Federal Reserve indicating that it has no intention to stop hiking interest rates until inflation cools down, experts are worried that such actions would end up plunging the country further into recession. The 12-month Consumer Price Index (CPI), which measures annual inflation, has stubbornly remained at or above 7.5 percent for every single…
The Fed Has Just Begun to Fight
November 3, 2022
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AnalysisBusiness & MarketsBusiness ColumnistsFederal Reserveinflationinterest ratesOpinionPandemic ResponserecessionstagflationU.S. economy
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News Analysis There was widespread fear and loathing on Wall Street after the Fed’s announcement of further rate increases, 75 basis points again and the sixth increase this year. The Fed has not increased rates this far this fast in the entire postwar period. The pace is without precedent, and indicates that the Fed is…
UK Central Bank Raises Interest Rates to 3 Percent, Highest for 14 Years
November 3, 2022
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Andrew BaileyBank of EnglandBusiness & Marketseconomyinflationinterest ratesJeremy HuntKeir StarmerrecessionUKWorld
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The Bank of England, the UK’s central bank, has raised its base interest rate to 3 percent, the highest for 14 years. All but two members of the bank’s Monetary Policy Committee (MPC) voted to push up interest rates by 0.75 percentage points, from 2.25 to 3 percent, during a crunch meeting on Nov. 3….
Federal Reserve Raises Interest Rates by Another 0.75 Percentage Points to Cool Inflation
November 2, 2022
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Business & Marketseconomic policieseconomyFederal ReserveFOMCinterest ratesPolicies & ImpactsUSUS News
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The Federal Reserve raised the benchmark federal funds rate by 75 basis points, to a target range of 3.75–4.00 percent on Nov. 2, in line with market expectations. The decision came after the Fed’s policy-making arm, the Federal Open Market Committee (FOMC), concluded its two-day policy meeting on Nov. 2. This was the sixth rate hike…
Federal Reserve Raises Interest Rates by Another 0.75 Percent to Cool Inflation
November 2, 2022
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Business & Marketseconomic policieseconomyFederal ReserveFOMCinterest ratesMarketsPolicies & ImpactsUSUS News
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The Federal Reserve raised the benchmark federal funds rate by 75 basis points, to a target range of 3.75–4.00 percent on Nov. 2, in line with market expectations. The decision came after the Fed’s policy-making arm, the Federal Open Market Committee (FOMC), concluded its two-day meeting on Nov. 2. This was the sixth rate hike this…
Fed Raises Interest Rates by Another 0.75 Percentage Points to Cool Inflation
November 2, 2022
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Business & Marketseconomic policieseconomyFederal ReserveFOMCinterest ratesMarketsPolicies & ImpactsUSUS News
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The Federal Reserve raised the benchmark federal funds rate by 75 basis points on Nov. 2 to a target range of 3.75 to 4 percent, in line with market expectations. The decision came after the Fed’s policy-making arm, the Federal Open Market Committee (FOMC), concluded its two-day meeting on Nov. 2. It’s the sixth rate increase…
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