Monetary policy
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Mortgage rates rise to nearly 6.3%, the highest level since 2008 | CNN Business
Mortgage rates jumped higher for the fifth week in a row, further pushing past 6% in the face of yet…
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U.S. stocks suffer another week of losses, Dow ends lowest since November 2020 as bond yields hammer equities after Fed rate hike
U.S. stocks closed sharply lower Friday, with the Dow Jones Industrial Average ending at its lowest closing value since November…
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Dow plunges more than 750 points as rising bond yields hammer stocks after Fed rate hike
U.S. stock-market losses deepened Friday afternoon, with the S&P 500 index trading below its 2022 closing low reached in June,…
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Bank of England lifts rates by a half-point after 5-4 vote
The Bank of England decided to lift interest rates by a half-point to the highest level since 2008 in a…
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Two-year Treasury yield at highest since 2008 after Fed talks tough
Short-duration U.S. bond yields moved to fresh multi-year highs on Thursday as traders priced in the prospect of a resolutely…
Read More » - U.S. News
Hong Kong stocks hit an 11-year low after historic Fed rate hike | CNN Business
Hong Kong CNN Business — Hong Kong stocks hit their lowest level in more than a decade Thursday and other…
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Ray Dalio says stocks, bonds have further to fall, sees U.S. recession in 2023-2024
As the world waits for the Federal Reserve to deliver what’s expected to be its third “jumbo” interest-rate hike, Bridgewater…
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Fed predicts big slowdown in economy and rising unemployment as it battles inflation
The “pain” Americans are likely to endure from higher U.S. interest rates is a tepid economy in 2023 and rising…
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4 things to watch when the Fed delivers its rate-hike decision
The Federal Reserve is raising rates on Wednesday. That much is certain. Beyond that, there are weighty questions about whether…
Read More » - Finance
‘Rip off the Band-Aid’: Wells Fargo makes case for 150 basis point hike at Fed meeting
It’s a move that would likely cause panic on Wall Street. But Wells Fargo Securities’ Michael Schumacher suggests the Federal…
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