Federal Reserve governor Michael Barr said Wednesday that additional interest rate hikes are needed to bring down sticky inflation. “Further policy adjustments are likely to be needed to ensure inflation comes down to target in a timely fashion,” Barr said...
The rate on the most popular US home loan rose last week to its highest in more than two years, after the Federal Reserve lifted short-term interest rates to combat inflation, and rising oil prices drove up Treasury yields that...
The Federal Reserve’s September policy meeting kicked off Tuesday morning, and markets overwhelmingly expect the Fed to raise interest rates by 25 basis points on Wednesday amid persistently high inflation. Such a move would mark the Fed’s first increase in...
The Federal Reserve voted to raise interest rates by 25 basis points on Wednesday amid persistently high inflation. The decision was unanimous. The median Fed official expects one more rate hike this year, according to the central bank’s Summary of...
Managing newfound tech wealth is not without its challenges and key considerations for the founders and employees who have accrued it. “I think what we’re seeing across the board with wealth creation in particular is just the pace of this...
Federal Reserve governor Michael Barr said Tuesday that if inflation doesn’t come down adequately, the central bank should raise interest rates. Ahead of the Fed policy meeting in just over two weeks, Barr said the outlook for inflation and the...
America’s stockpile of crude oil has dropped to the lowest level in more than four decades. According to the US Department of Energy, the US Strategic Petroleum Reserve declined by 6 million barrels last week to 298.7 million. Data from...
KOSPI’s 35.8% Plunge from Peak Sparks ‘Zero-Loss Investment’ Trend Among Office Workers The KOSPI, which had risen to the 9,000-point level just over a month ago, has fallen to the 6,000-point range, sparking discussions among office workers about the term...
Mortgage rates rose to their highest level in a year amid the re-escalating conflict with Iran and investors grew more worried about the Federal Reserve’s plans to tame inflation. The average 30-year mortgage rate rose 8 basis points to 6.66%...
It had been just six weeks since Federal Reserve Chairman Kevin Warsh vowed to reestablish the central bank’s reputation as an inflation fighter. But as he took to the podium to explain why the Fed again sat on the fence...
What happened: Bond yields continued to climb on Thursday as oil prices rose amid an escalating conflict in the Middle East. The 10-year yield (^TNX), used as a benchmark for mortgage and loan rates, rose to 4.7% on Thursday, the...
Oil market watchers entered 2026 widely in agreement on an emerging multibillion-barrel glut that was sure to depress prices throughout the year. That is not what they received. Instead, a series of unexpected geopolitical catalysts — above all, the war...
The Federal Reserve held interest rates steady on Wednesday for the fourth consecutive policy meeting. Central bank officials signaled that they’re looking to hold rates steady through this year — but are close to hiking rates once. Fed members voted...
Social Security is hurtling toward a fiscal cliff that, if left unaddressed, will force an automatic 22% benefit cut for tens of millions of retirees, survivors, and their dependents in just six years. That’s the stark warning from the release...
As SpaceX’s (SPCX) June 12 initial public offering (IPO) approaches, the company has been securing some very lucrative AI compute deals, but the timing and terms of those deals are adding concern. Last week, SpaceX said Alphabet’s (GOOGL) Google will...
