Higher mortgage interest rates are hitting homebuyer affordability hard, and that is showing up in a sharp drop in mortgage applications.
More Stories
The Fed has set out on a ‘recalibration’ of policy. Here’s what Powell’s new buzzword means
Asset prices soared as investors took Powell at his word that the outsized rate cut wasn't in response to a...
Bank of England holds interest rates, British pound rallies to more than two-year high
The decision to hold comes after the U.S. Federal Reserve kicked off its own monetary easing with an aggressive 50...
Ray Dalio says the Fed faces a tough balancing act as the economy faces ‘enormous amount of debt’
On Wednesday, Dalio listed debt, money and the economic cycle as one of the top five forces influencing the global...
Ray Dalio names the top five forces shaping the global economy
Speaking at the Milken Institute's Asia Summit in Singapore, the founder of Bridgewater Associates said the five factors are interrelated...
Latinas contributed $1.3 trillion to U.S. economy, new report says. That number could be even bigger
A recent report funded by Bank of America revealed that Latinas contributed $1.3 trillion to U.S. GDP in 2021, and...
Former Dallas Fed President Kaplan advocates for a half-point interest rate cut
Making the bolder move of 50 basis points would better position policymakers heading into the latter part of the year,...