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Prices may be coming down and houses are on the market longer, but many potential buyers have given up.
Fresh consumer price index data pretty much guarantees a big interest rate hike when the Federal Reserve meets next week.
Michelle Holder expects Black and Latinx workers to lose jobs in higher proportion as interest rates rise and the economy cools.
Countries that import commodities priced in U.S. dollars, like oil, are paying a lot more. So are nations that have dollar-denominated loans.
Higher home prices and the Federal Reserve’s efforts to curb inflation are responsible for much of the slowing market.
Inflation seems to be easing since the central bank met in July. But analysts observe the dynamics among policymakers.
Walmart customers are thinking about rising prices. Home Depot customers are thinking about rising interest rates.
Wednesday the government will tell us how much prices changed year over year in July. Inflation was an alarming 9.1% in June.
They’re setting aside more cash to cover delinquencies and taking closer looks at prospective borrowers.
Attempting to curb the highest inflation in more than four decades, the Federal Reserve moved to raise its key rate to a range of 2.25% to 2.5%.