Bank of Japan maintains its ultralow interest rate policy

Jan 18, 2023
A lot of investors were betting that the Bank of Japan would join other central banks in hiking rates to beat back inflation.
Though some investors thought the Bank of Japan, seen above, would join other big central banks and push interest rates higher, it did not.
Richard A. Brooks/AFP via Getty Images

3 real estate agents on the cooling U.S. housing market

Jan 17, 2023
“I don’t know what this year is going to bring,” said one experienced Montana agent.
After a sizzling few years, there's a chill in the U.S. housing market, and mortgage rates have been volatile. Above, downtown Truckee, California.
Courtesy David Westall

Are the latest consumer price index numbers a good sign for the economy?

Jan 12, 2023
Prices were up 6.5% over the past year, well above the Fed's targets but the smallest increase since October 2021. It's a sign that inflation is easing.
Shoppers are likely noticing the moderation in food price increases, said Morning Consult's Kayla Bruun.
Frederic J. Brown/AFP via Getty Images

Corporations are still borrowing, despite high interest rates

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

Why corporate dealmaking plummeted in 2022

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

High mortgage rates, recession fears: Who actually wants to buy a house in 2023?

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

Economist El-Erian calls on the Fed to start “owning their mistakes”

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

For public good, not for profit.

We probably aren't in a recession — but these indicators will tell us if and when we are

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

Fed hikes key rate by a half-point and signals more to come

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

With all eyes on interest rates, the Fed's shifting balance sheet flies under the radar

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