[ad_1] Bond yields rose on Wednesday after stubbornly high U.K. inflation data reminded investors that central banks remained on course to raise borrowing costs further. What’s happening The yield on…
[ad_1] The inflation fight by central banks isn’t even close to over yet, according to Jumana Saleheen, Vanguard’s European chief economist. That means markets likely remain vulnerable to additional shocks,…
[ad_1] American CEO confidence has plunged to its lowest levels since the so-called Great Recession of 2007–09 as central banks scramble to tame decades-high inflation, according to the results of…
[ad_1] The numbers: The New York Fed’s Empire State business conditions index, a gauge of manufacturing activity in the state, fell 7.6 points to negative 9.1 in October, the regional…
[ad_1] The Federal Reserve’s policy of steep interest-rate hikes is not helping the struggling economy and is instead hurting working Americans, Sen. Bernie Sanders said Sunday. ““I think they’re hurting…
[ad_1] The cost of medical care is surging again after lull during the pandemic — and adding tinder to the high inflation already burning up the U.S. economy. Medical expenses…
[ad_1] Rent growth is beginning to cool. But it’s descending from a heck of a peak. Rental prices climbed 7.2% between September 2021 to September of this year, the largest…
[ad_1] Rules of thumb in investing appear to no longer apply in the carnage of 2022 in financial markets. Advocates for the 60/40 portfolio split, designed to capture the upside…
[ad_1] Former Treasury Secretary Larry Summers was one of the first prominent economists to warn that federal policymakers were underestimating the threat of persistent inflation, and today he is worried…
[ad_1] The Internal Revenue Service is mailing letters to households that could potentially get money from boosted child tax credit payments and the third stimulus check — if only they…
[ad_1] U.K. bond yields continued to drop on Friday, as Chancellor of the Exchequer Kwasi Kwarteng flew back early from the International Monetary Fund meeting amid expectations the U.K. government…
[ad_1] European Central Bank President Christine Lagarde criticized the fiscal policies of some European countries as counterproductive to the fight against inflation during an interview at the Institute of International…
[ad_1] The numbers: U.S. wholesale prices rose 0.4% in September to mark the first increase in three months, signaling little progress in the Federal Reserve’s fight to vanquish high inflation.…
[ad_1] Gold shook off early losses Tuesday to finish higher, supported by a retreat in the U.S. dollar, despite anxieties about further interest rate rises by the Federal Reserve in…
[ad_1] Companies are still struggling to find workers, the latest U.K. jobs data shows, with demand for labor not cooling off despite surging inflation and rising interest rates. The U.K.…
[ad_1] U.K. bond yields surged on Monday, on worries the pension fund market is not yet ready for the end of a temporary debt purchase program this week. The yield…
[ad_1] Former Federal Reserve Chair Ben Bernanke and two others were awarded the Nobel economics prize for their research into how banks operate during financial crises. Bernanke, Douglas Diamond and Philip Dybvig in…
[ad_1] After socking away savings during the aftermath of the COVID-19 crisis, American households and businesses are watching their financial cushions rapidly deteriorate as prices have soared and the Federal…
[ad_1] There’s no respite for home buyers these days. From rising rates, high home prices, and an uncertain economic outlook, shoppers are finding it hard to jump into purchasing a…
[ad_1] Hi, MarketWatchers. Don’t miss these top stories. September jobs report highlights major shift in white-collar work — as Labor Department plans changes to jobs questionnaire ‘The old question was…
[ad_1] U.S. stocks fell sharply Friday, cutting into weekly gains, after September jobs data showed an unexpected fall in the unemployment rate that’s expected to reinforce the Federal Reserve’s resolve…
[ad_1] Treasury yields were steady Friday ahead of key data on the state of the U.S. jobs market. What’s happening The yield on the 2-year Treasury TMUBMUSD02Y, 4.278% was steady…
[ad_1] The numbers: Mortgage rates took a breather from its march towards 7% this week, as the economic outlook looks uncertain. The 30-year fixed-rate mortgage averaged 6.66% as of Oct.…
[ad_1] The Federal Reserve needs to keep raising its benchmark interest rate in order to cool inflation that hit a 40-year high earlier this year and has shown little signs…
[ad_1] The numbers: A surge in mortgage rates, and evacuations due to Hurricane Ian, both seriously dampened demand for home purchases and refinances. Rates are inching even closer to 7%,…