Markets’ economic growth is good because it means higher profits, rather than growth is bad. After all, it means higher inflation, reports WSJ Print Edition. Unfortunately for investors hoping that they can return to business as usual, there are plenty of reasons to think this might not last. Before getting into them, look more closely […]
Investors are eager to parse the Federal Reserve’s statements at Wednesday’s meeting for hints at the future path of policy—the Fed is broadly expected to raise interest rates by a quarter percentage point. Tuesday morning data showing that wage gains are cooling buoyed hopes that waning inflation could prompt officials to pause rate increases in […]
A clash over the prospect of rent control in central Florida is heating up this month and will be closely followed across the U.S., as other cities consider ways to address record high rents. The board of commissioners for Orange County, which includes Orlando, last week moved to put a measure on the November ballot […]
Mortgage rates inched down this week but remained near multiyear highs. The 30-year fixed mortgage rate averaged 5.13%, down from 5.22% last week and 5.81% in June, which was the highest rate since 2008, according to a survey by Freddie Mac. A year ago, the rate was 2.86%. Elevated mortgage rates, along with fast-rising home […]
It was more expensive to buy a U.S. home in June than it has been for any month in more than three decades, as record-high home prices collided with a surge in mortgage rates. The National Association of Realtors’ housing-affordability index, which factors in family incomes, mortgage rates and the sales price for existing single-family […]
The US federal government’s budget deficit has shrunk by some $1.57 trillion so far this fiscal year, driven by record receipts from a strong economy and a slowdown in spending as pandemic-era programs fade. The deficit dropped to $360 billion over the seven months from October through April 2022, according to Treasury Department data released […]
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