For the last year cryptocurrencies have traded increasingly like equities, making the U.S. central bank’s monetary policy one of the most important drivers of the crypto market’s performance. But crypto analysts and traders aren’t expecting market-shaking moves to follow the...
Sales of new U.S. homes fell in March to a four-month low, indicating high prices and surging borrowing costs are putting more of a squeeze on the market. Purchases of new single-family homes decreased 8.6% to a 763,000 annualized pace,...
A hard landing will ultimately be unavoidable by late ‘23 / early ‘24 after an aggressive series of Fed hikes over the next 18 months,’ says Deutsche Bank’s Jim Reid With U.S. households looking in good financial shape, the Federal...
The average interest rate on the most popular U.S. home loan climbed to a 12 year high last week and fewer homebuyers sought properties in a sign that the Federal Reserve's aim of cooling the housing market may be beginning...
U.S. Treasury yields slid Tuesday for a third straight day, amid signs that positioning for higher yields had become extreme, setting the stage for a snap-back. Those signs amplified fundamental concerns about the potential impact on global growth of new...
Should you buy now or wait until the rate resets in May? Want to lock in a greater-than-8% return with U.S. Treasurys over the next 12 months? Of course you would, especially given the higher-than-expected inflation numbers reported this week,...
Inflation has proven to be one of the most blistering features of the covid economy, testing the White House and Federal Reserve. The inflation surge in the United States picked up speed in March, as prices rose 8.5 percent compared...
House prices can be out of sync with market fundamentals when there is widespread belief that the current robust price increases will continue An analysis by housing giant Freddie Mac suggests that the housing shortage has increased 52% from 2.5...
Fed prepared to take stronger action if warranted, she says ‘Inflation is much too high and is subject to upside risks’ Federal Reserve Governor Lael Brainard called the task of reducing inflation pressures “paramount” and said the central bank will...
U.S. 5-year and 30-year Treasury yields on Monday inverted for the first time since 2006, raising fears of a possible recession. The yield on the 5-year Treasury note rose to 2.56%, while the 30-year yield fell to 2.55%. This is...
Small businesses that have been buffeted by the pandemic, inflation and shipping woes have another challenge to add to their plate: taxes. Tax season can be complicated for everyone, but as the April 18 filing deadline looms, small-business owners, contractors,...
Russia's central bank kept its key interest rate at 20% on Friday following last month's massive emergency hike and said it would start buying OFZ government bonds, warning of an imminent spike in inflation and a looming economic contraction. Bank...
Here's how to get an additional six months to file your 2021 tax return. For the 2021 tax year, individual income tax returns are due by Monday, April 18, 2022. However, the IRS acknowledges that not all taxpayers can meet...
Covid cases surge above 5,000 to highest level since 2020 China’s outbreak comes as world grapples with Ukraine fallout The global economy — already struggling with war in Ukraine and the stagflation risks it’s fanning — is bracing for greater...
Many Americans spend their lives working hard and dreaming of the day they can finally retire. But planning for retirement requires more than dreaming — it means being strategic and focused on saving money, among other things. The average age...
