Federal Reserve

The Fed Is Driving an Unusual Contradiction in the Housing Market

The Fed Is Driving an Unusual Contradiction in the Housing Market

Text size A new home under construction in Monterey Park, California Frederic J. Brown/AFP via Getty Images About the author: Susan Wachter is the Sussman professor of Real Estate and professor of Finance at The Wharton School of the University of Pennsylvania and co-director of the Penn Institute for Urban Research. She is currently an advisory …

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The governor of the Federal Reserve Christopher Waller (pictured) said he's in favor of what he calls another 'significant' increase in interest rates for a third consecutive month

Fed Governor Christopher Waller warns THIRD consecutive .75% interest rate is imminent

The governor of the Federal Reserve said he’s in favor of another ‘significant’ increase in interest rates for a third consecutive month, in a move that will further spike mortgage repayments for inflation-battered Americans.  Christopher Waller backed the central bank in making what’s known as a 75 basis-point move, or a .75 percent increase, during …

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Stocks Drop After Powell's Remarks

Stocks Drop After Powell’s Remarks

Text size Fed Chairman Jerome Powell’s speech has hung over markets all week. Drew Angerer/Getty Images The stock market was falling Friday, as Federal Reserve Chairman Jerome Powell made hawkish remarks about monetary policy at the annual Jackson Hole Symposium, even in the face of declining inflation. The Dow Jones Industrial Average has dropped 658 …

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Bitcoin Keeps Falling. Why Friday Could Bring a Bounce.

Bitcoin Keeps Falling. Why Friday Could Bring a Bounce.

Text size Bitcoin prices tumbled last Friday and remained weak over the weekend. Ozan Kose/AFP via Getty Images Bitcoin and other cryptocurrencies were weaker on Monday, in line with the stock market, extending recent declines ahead of what could be a turbulent week of trading. The price of Bitcoin shed less than 1% over the …

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The Stock Market Couldn’t Handle the Uncertainty. It Better Learn How.

The Stock Market Couldn’t Handle the Uncertainty. It Better Learn How.

Text size It’s a market with big drops but big rips, as well, one that forces investors to accept low returns from index funds or try to take a more tactical approach. Michael Nagle/Bloomberg Call it the Great Uncertainty. With the stock market having rallied off its lows, investors should be feeling pretty good right …

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Stocks Are Mixed. Dow Builds On Gains After 2 Retail Beats.

Stocks Are Mixed. Dow Builds On Gains After 2 Retail Beats.

Text size U.S. housing starts in July fell more than expected and to the lowest level since early in 2021. (Spencer Platt/Getty Images) Stocks were mixed in mid-day trading Tuesday after earnings from Walmart and Home Depot topped Wall Street forecasts, but a decline in housing starts provided further evidence of a slowing economy. The …

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The housing market correction takes an unexpected turn

The housing market correction takes an unexpected turn

The Federal Reserve has a simple inflation-fighting playbook. It goes like this: Keep applying upward pressure on interest rates until business and consumer spending across the economy weakens and inflation recedes. Historically speaking, the Fed’s inflation-fighting playbook always delivers a particularly hard hit to the U.S. housing market. When it comes to housing transactions, monthly …

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