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Interest rates

Homebuilder confidence continues to slide as interest rates continue to rise

by Justin Ho
Sep 19, 2022
Materials and labor costs are up. Building costs will climb further if interest rates on construction loans rise.
Rising interest rates are not only causing potential homebuyers to hold off on purchases, but increasing the cost of home construction.
Frederic J. Brown/AFP via Getty Images
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Why has it taken so long for savings account interest rates to start rising?

by Nancy Marshall-Genzer
Sep 16, 2022
The national average is still a paltry 0.13%, according to Bankrate, even as the Federal Reserve hikes interest rates.
Online banks tend to pay the highest rates on savings accounts because they don't have the same overhead costs as brick-and-mortar banks.
Frederic J. Brown/AFP via Getty Images
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Even as the housing market cools, luring discouraged buyers back may be a challenge

by Amy Scott and Sarah Leeson
Sep 13, 2022
Prices may be coming down and houses are on the market longer, but many potential buyers have given up.
Sellers are "not only getting realistic about their asking price, but they're also having to get realistic about doing repairs," says LaTisha Grant of the TAS Realty Group in Houston.
Justin Sullivan/Getty Images
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The price of gasoline is down, but just about everything else is still getting more expensive

by Justin Ho
Sep 13, 2022
Fresh consumer price index data pretty much guarantees a big interest rate hike when the Federal Reserve meets next week.
The cost of gasoline fell by more than 10.5% in August, according to the Department of Labor's consumer price index. But just about everything else was more expensive.
Scott Olson/Getty Images
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Fed’s hawkish stance on inflation brings pain to marginalized communities, economist says

by Kai Ryssdal and Richard Cunningham
Sep 8, 2022
Michelle Holder expects Black and Latinx workers to lose jobs in higher proportion as interest rates rise and the economy cools.
Federal Reserve policies that increase interest rates and chill economic growth are aimed at bringing down inflation, but they can also put stress on households and businesses. Above, the headquarters of the Federal Reserve Bank of New York.
Timothy A. Clary/AFP via Getty Images
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How a stronger dollar weakens economies abroad

by Nancy Marshall-Genzer
Sep 8, 2022
Countries that import commodities priced in U.S. dollars, like oil, are paying a lot more. So are nations that have dollar-denominated loans.
If the value of the dollar climbs against a currency like the Mexican peso, Mexico's debt payments increase.
agcuesta/Getty Images
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The superheated housing market is finally cooling down

by Mitchell Hartman
Aug 19, 2022
Higher home prices and the Federal Reserve's efforts to curb inflation are responsible for much of the slowing market.
The housing market cooldown comes after two banner years during the pandemic when demand went through the roof and prices rose by double digits.
Stefani Reynolds/AFP via Getty Images
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How relevant are Federal Reserve meeting notes in a changing economy?

by Nancy Marshall-Genzer
Aug 17, 2022
Inflation seems to be easing since the central bank met in July. But analysts observe the dynamics among policymakers.
Wall Street often uses the minutes from Federal Reserve meetings to predict market trends, but the meeting notes don't always reflect current economic information.
Saul Loeb/AFP via Getty Images
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What Walmart and Home Depot's rising sales say about consumer sentiment

by Justin Ho
Aug 16, 2022
Walmart customers are thinking about rising prices. Home Depot customers are thinking about rising interest rates.
A look at Home Depot's sales indicates that people are opting to improve their existing homes rather than buy a new place.
Justin Sullivan/Getty Images
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Waiting for another inflation report, with concern

by Matt Levin
Aug 9, 2022
Wednesday the government will tell us how much prices changed year over year in July. Inflation was an alarming 9.1% in June.
While rising prices for services, like styling hair, worry economists, prices for some goods may be dipping.
Rodin Eckenroth/Getty Images
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