Fed Interest-Rate Decision Tees Up March Increase

The Federal Reserve signaled it would begin steadily raising interest rates in mid-March, its latest move toward removing stimulus to bring down inflation. Fed Chairman Jerome Powell said Wednesday that the central bank was ready to raise rates at its March 15-16 meeting and could continue to lift them faster than it did during the … Read more

Stocks Turn Lower After Fed Announcement on Interest Rates

US stocks gave up gains after the Federal Reserve signaled its intention to raise interest rates in mid-March, providing the most detailed view yet of its plan to tackle rising inflation. The Fed’s Wednesday afternoon statement signaled approval of the latest round of asset purchases, bringing the stimulus program to an end by March. “It … Read more

Inflation surge could push the Fed into more than four rate hikes this year, Goldman Sachs says

US Federal Reserve Chairman Jerome Powell attends his re-nomination hearing at the Senate Committee on Banking, Housing, and Urban Affairs on Capitol Hill, in Washington, US, January 11, 2022. Graeme Jennings | Reuters Accelerating inflation could cause the Federal Reserve to become more aggressive than economists expect in the way it raises interest rates this … Read more

The Market’s Priced in a Rate Rise. Now the Fed Has Lots of Other Issues to Decide.

Watch what they say, not what they do, at next week’s FOMC meeting. Reversing famous advice from Richard Nixon’s attorney general, John Mitchell, is what economists and market participants will do on Wednesday, when the committee is likely to make policy plans, but is unlikely to take any immediate action. Sure enough, the stock and … Read more

5 things to know before the stock market opens Friday, Jan. 21

Here are the top news, trends and analysis that investors need to start their trading day: 1. It seems that Wall Street will continue its losing streak Traders work on the floor of the New York Stock Exchange (NYSE) on January 20, 2022 in New York City. Spencer Platt | Getty Images US stock futures … Read more

U.S. Existing-Home Sales Reached a 15-Year High of 6.1 Million Last Year

US home sales jumped to a 15-year high in 2021, buoyed by low borrowing rates and intense buyer demand that is expected to keep the market heated through the early months of 2022. But the recent rapid rise in interest rates has some housing economists expecting the market frenzy to subside in the second half … Read more

Get ready for the climb. Here’s what history says about stock-market returns during Fed rate-hike cycles.

Bond yields are rising again so far in 2022. The US stock market seems vulnerable to a goodwill correction. But what can you really say from just a fortnight into a new year? Not much, much. One thing is for sure: Gone are the days of making easy money in the era of a pandemic. … Read more

Bad news for home buyers: Mortgage rates have soared to their highest levels since March 2020

Interest rates are rising in the wake of data showing a worrying inflation outlook – and homebuyers are willing to pay the price. The 30-year fixed-rate mortgage averaged 3.45% for the week ending January 13, up nearly a quarter of a percentage point from the previous week, Freddie Mac FMCC, -0.75% reported on Thursday. It’s … Read more

Fed’s Harker calls for ‘action on inflation,’ sees 3 or 4 rate hikes

Philadelphia Fed President Patrick Harker said Thursday that he expects three or four rate hikes this year likely to fight inflation. His reasoning, outlined in a live interview on CNBC’s “Closing Bell,” aligns with the Federal Open Market Committee’s policy-making estimates released in December. But while officials then identified the possibility of three-quarters of a … Read more

Erdogan blames Turkey’s currency woes on ‘foreign financial tools’ as central bank reserves fall

People shopping at the local market in Istanbul, Turkey on December 5, 2021. The depreciation of the Turkish lira weakened the purchasing power of the citizens. Erhan Demirtas | NurPhoto via Getty Images Turkish President Recep Tayyip Erdogan has pledged to curb his country’s soaring inflation, which stood at 36% in December, as the country’s … Read more