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Interest rates

Fed chair Powell's latest speech hints at caution regarding interest rates

by Nancy Marshall-Genzer
Oct 20, 2023
Jerome Powell spoke Oct. 19 and said the Federal Open Market Committee would be "proceeding carefully."
“Given the uncertainties and risks, and given how far we’ve come, the committee is proceeding carefully," Powell said.
Spencer Platt/Getty Images
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America needs more houses, but homebuilders are hobbled by high interest rates

by Henry Epp
Oct 18, 2023
The number of completed homes rose last month. But further up the housing pipeline, homebuilders are starting fewer projects right now.
Joe Raedle/Getty Images
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October, that magical time of year when holiday shopping begins

by Henry Epp
Oct 12, 2023
Companies like Target, Walmart and Kohl’s held sales this week aimed at holiday shoppers, and Amazon just wrapped up its second Prime Day event of the year.
While stores might not have holiday decorations up yet, multiple retailers have sales running aimed at enticing (early) holiday shoppers.
Justin Sullivan/Getty Images
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With higher interest rates, small businesses and lenders proceed with caution

by Justin Ho
Oct 10, 2023
Only a quarter of small businesses say they're getting the credit they need, according to the National Federation of Independent Business.
Some banks have been more cautious about lending to certain sectors of the economy that aren’t doing so well. That includes commercial real estate.
Alexi Rosenfeld/Getty Images
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Federal Reserve holds steady on rate hikes for now

by Nancy Marshall-Genzer
Sep 21, 2023
Announcing its decision yesterday, the Fed also signaled it could hike rates one more time before year's end.
In his news conference on Wednesday, Fed Chair Jerome Powell acknowledged that there are economics headwinds that could make a soft landing more difficult.
Chip Somodevilla/Getty Images
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As Federal Reserve meets, economic headwinds blow

by Nancy Marshall-Genzer
Sep 19, 2023
Consumers facing high energy prices and other burdens may cut back on spending, cooling the economy but, the Fed hopes, not sending it into recession.
The Federal Reserve hopes that things like rising energy prices will help curb consumer spending without spawning a recession.
Drew Angerer/Getty Images
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"Life happens." Why some home buyers and sellers forge ahead in spite of interest rates

by Elizabeth Trovall
Sep 13, 2023
People motivated to buy or sell homes in this market are often hitting significant milestones, from babies and back-to-office mandates to downsizing and retirement.
Even though interest rates are high, some home buyers have been spurred to move by big personal changes.
Roberto Schmidt/AFP via Getty Images
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Consumers expect inflation to tick down in the next 3 years

by Kristin Schwab
Sep 11, 2023
But they expect other key measures to be less positive. Here's what that means for the Fed.
Scott Olson/Getty Images
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Businesses are telling the Federal Reserve they think wage gains are subsiding

by Stephanie Hughes
Sep 8, 2023
That could be a sign that the Fed's interest rate hikes are working and the economy is cooling.
Though wage growth has been falling, inflation has been falling even faster.
Justin Sullivan/Getty Images
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Fed is nearing a point when it is not a matter of raising rates, but how long to keep them high, says Chicago Fed CEO Austan Goolsbee

by Kai Ryssdal and Andie Corban
Sep 7, 2023
There is growing confidence that the Fed can pull off lowering inflation without a recession, said Chicago Fed CEO Austan Goolsbee.
"There's a growing confidence that we can pull off" a soft landing, says Chicago Fed chief Austan Goolsbee. "The only thing I want to caution you is that it's not a guarantee."
Mark Wilson/Getty Images
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