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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.
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.
