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The recent firestorm over the British government’s fiscal policies highlighted the vulnerability of some mortgages in the United Kingdom.
Microsoft, Apple and Meta are reporting earnings this week. But rising interest rates are luring investors away from tech stocks.
Sometimes the spending is to stay afloat in a competitive market. And sometimes it’s to take advantage of new opportunities.
Some economists and policy advisers fear that the Federal Reserve’s rapid hikes could tip the global economy into a painful recession.
Businesses are scaling back their expectations for 2023 accordingly.
Good for U.S. tourists and importers. Bad for exporters and fragile world economies.
Construction projects are still being complicated by high interest rates, a persistent skilled labor shortage, and manufacturing slowdowns.
Higher yields on government bonds mean the interest rate you pay for pretty much everything also climbs.
Materials and labor costs are up. Building costs will climb further if interest rates on construction loans rise.
The national average is still a paltry 0.13%, according to Bankrate, even as the Federal Reserve hikes interest rates.