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CDs can lock in a rate of return for months or years. Investors find that attractive ahead of expected interest rate cuts.
But some former central bank officials think the Fed’s risking a recession.
The Fed is slowing the pace of shrinking its bond holdings, aka quantitative tightening, perhaps before easing its interest rate stance.
With prices and mortgage rates high, people are “buying at the edge of what they can qualify for,” a real estate economist says.
And why is there no target number to measure it, as there is with inflation —the Federal Reserve’s other mandate?
Small operations have endured pandemic rules, lockdowns and rising costs. Refinancing their loans could be as painful, or worse.
Alan Rappeport, economic policy reporter at The New York Times, examines the former president’s assertions about inflation, taxes and energy.
One wild card: back-to-school shopping.
The short answer? You can never have enough data.
While economists agree rate cuts won’t instantly juice an economy, there’s really no consensus on just how long that lag is.