interest rates

The housing market correction takes an unexpected turn

The Federal Reserve has a simple anti-inflation book. It goes like this: keep putting upward pressure on interest rates until business and consumer spending across the economy weakens and inflation subsides. Historically, the Federal Reserve’s anti-inflation guide has always delivered a particularly hard hit to the US housing market. When it comes to housing transactions, …

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Federal Reserve Chairman James Bullard expresses confidence that the economy can make a ‘soft landing’

James Pollard Olivia Michael | CNBC Louis Federal Reserve Chairman James Bullard said Tuesday that he still believes the economy can avoid a recession, although he expects the central bank will need to keep raising interest rates to control inflation. “I think inflation has reached a higher temperature than I had anticipated during the second …

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Fed’s Mary Daley says “our work is far from done” on raising rates

Mary Daly, President of the Federal Reserve Bank of San Francisco, after giving a speech on the US economic outlook, in Idaho Falls, Idaho, US, November 12, 2018. Ann Safir | Reuters San Francisco Fed President Mary Daly said Tuesday that the Fed still has a lot of work to do before it gets inflation …

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‘Savings will run out’: Already hit by rising inflation, Fed rate hike will hit low-income and rural Americans hard

The Federal Reserve raised its benchmark interest rate by 0.75 percentage points on Wednesday in an effort to cool rising costs of consumer goods and services. While economists say a rate hike will help cool consumer demand and hope to ease record high inflation, it will also increase the cost of borrowing for everything from …

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The inflation rate that the Fed follows closely has reached its highest level since January 1982

The gauge of inflation that the Federal Reserve uses as its main measure jumped to its highest 12-month gain in more than 40 years in June, the Bureau of Economic Analysis reported Friday. The PCE price index rose 6.8%, the largest 12-month move since the 6.9% increase in January 1982. The index rose 1% from …

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Bitcoin Price Moves Higher as Federal Reserve Rates Rise – Bitcoin Journal

Below is an excerpt from a recent issue of Bitcoin Magazine Pro, Bitcoin Magazine Premium Markets Newsletter. To be among the first to receive these and other on-chain Bitcoin market insights straight to your inbox, subscribe now. On July 27, 2022, the Federal Reserve raised the interest rate by 75 basis points. This was widely …

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Gold records biggest one-day rise since March, silver jumps nearly 7% due to Fed-inspired ‘short squeeze’

Gold and silver rose sharply on Thursday, with gold posting its biggest one-day percentage gain since March, while silver rose about 7% to close at its highest price in a month. price movement GC00 gold, + 1.78% GCQ22, + 1.78% For October, it gained $31.20, or 1.8%, to settle at $1,750.30 an ounce. FactSet data …

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US economy shrinks in second quarter, GDP shows, calls for talk of recession

Numbers: The US economy contracted at an annualized pace of 0.9% in the second quarter to mark the second consecutive decline, fueling the debate over whether the US has really sunk into recession. Gross domestic product, a measure of the economy’s performance, contracted at a pace of 1.6% in the first three months of the …

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