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If the Fed can tamp down inflation without sparking a recession, it would be only the second time in history in U.S. history.
For the first time in 15 months, the Federal Reserve has kept its key interest rate unchanged.
Some economists think the Fed should aim higher than that magical 2% rate.
But with interest rates high and wage growth slowing, that level of spending is becoming unsustainable.
The Census reports that construction of multifamily homes, like apartment buildings, was up about 25% year-over-year.
Profits fell for the second quarter in a row, partly due to Fed rate hikes. Whether it’s a good thing depends on your role in the economy.
Recent mergers and the ongoing debt limit negotiations in Congress could be prompting companies to borrow more.
More than 230 companies declared bankruptcy before the end of April. What is happening?
The Fed’s rate increases over the past 14 months, aimed at quelling inflation, have elevated the cost of loans and heightened the risk of a recession.
The intensity of a coming economic slowdown will depend on how much banks tighten credit conditions, says Austan Goolsbee.
