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Stories Tagged as

Interest rates

Corporations are still borrowing, despite high interest rates

by Justin Ho
Jan 5, 2023
Many companies are borrowing now — if they can — in a bid to get ahead of further rate hikes this year.
Some companies are borrowing now to build a rainy day fund heading into 2023.
Luis Robayo/AFP via Getty Images
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Why corporate dealmaking plummeted in 2022

by Justin Ho
Jan 3, 2023
A number of factors — the falling stock market, the war in Ukraine and rising interest rates — created uncertainty for companies that wanted to go public in 2022.
A slumping stock market is among the reasons companies refrained from going public last year.
Michael M. Santiago/Getty Images
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High mortgage rates, recession fears: Who actually wants to buy a house in 2023?

by Matt Levin
Dec 29, 2022
Pending home sales have dipped, and economists expect the market to continue to droop.
"Overall annual sales next year will be lower," said Lawrence Yun of the National Association of Realtors. 
Brendan Smialowski/AFP via Getty Images
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Economist El-Erian calls on the Fed to start “owning their mistakes”

by Kai Ryssdal , Andie Corban and Maria Hollenhorst
Dec 20, 2022
The prominent economist Mohamed El-Erian said the Fed is still “behind the curve” on inflation.
Mohamed El-Erian, chief economic adviser for Allianz, blames the Fed for failing to act sooner on inflation.
Rob Kim/Getty Images
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We probably aren't in a recession — but these indicators will tell us if and when we are

by Mitchell Hartman
Dec 19, 2022
Some signs are already flashing red. Job creation and consumer spending, though, are still chugging along.
“The labor market is still strong," said ZipRecruiter's Julia Pollak. But if it weakens, the U.S. economy may have already entered a recession.
Scott Olson/Getty Images
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Fed hikes key rate by a half-point and signals more to come

by Associated Press
Dec 14, 2022
Though smaller than its previous three-quarter-point hikes, the move will further heighten the costs of many consumer and business loans.
One of Fed Chair Jerome Powell’s biggest focuses has been the price of services, which he said are likely to remain persistently high.
Chip Somodevilla/Getty Images
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With all eyes on interest rates, the Fed's shifting balance sheet flies under the radar

by Nancy Marshall-Genzer
Dec 14, 2022
The Fed's balance sheet is one of its devices that's managed to avoid the spotlight.
The Marriner S. Eccles Federal Reserve Board Building is seen in Washington, D.C.
Kevin Dietsch/Getty Images
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Consumer credit is up almost 7% since this time last year

by Mitchell Hartman
Dec 8, 2022
Credit card balances alone were up 15% in the third quarter. Higher prices for necessities and higher interest rates are contributing factors.
Credit card balances alone were up 15% in the third quarter.
Olivier Douliery/AFP via Getty Images
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Here's why mortgage rates have been falling

by Matt Levin
Dec 7, 2022
While the Fed has continued to hike interest rates, the average interest rate on a 30-year fixed rate mortgage has dropped from 7.16% to 6.4%.
When there’s a big surge in investor demand for mortgage bonds, "the price goes up, the rate goes down, and that trickles through to what the homeowners will see," said Jeana Curro at Bank of America.
Joe Raedle/Getty Images
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How do we know if inflation is really slowing down?

by Kristin Schwab
Dec 1, 2022
Inflation has dipped slightly, according to a key measure known as the PCE. But economists have their favorite indicators.
Economist Betsey Stevenson is taking an experiential approach to gauging inflation — like when will grocery store sticker shock end?
Elijah Nouvelage/AFP via Getty Images
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