CEO Steven Swartz highlights the media giant’s important, if little-known, stakes in automotive information and B2B operations.
It'll also end its large-scale bond-buying program. Central bankers are trying to tame inflation — like their U.S. counterparts at the Federal Reserve.
Americans have a $860 billion credit card balance, according to the Federal Reserve Bank of New York.
Mortgage rates are rising, but deposit rates will lag, says Laurie Stewart, president of Sound Community Bank in Seattle.
All major indices are down for the year. That's probably something the Fed isn't all that mad about.
The Fed intensified its fight against the worst inflation in 40 years on Wednesday and signaled further large rate hikes to come.
Mortgage rates, for example, probably already have the Fed hikes built in.
The strategy is aimed at tightening credit and easing inflation. Purdue's Cathy Zhang worries about the effects on financial markets.
Many have been on a borrowing spree through the past two years of low rates.
There's a "long and variable lag" between monetary policy starting to control inflation and inflation responding in a substantial way.