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Interest rates

Consumer price data suggests the Federal Reserve has inflation under control. Now comes the hard part.

by Mitchell Hartman
Jul 12, 2023
The June CPI numbers were pretty good, but more interest rate hikes are likely coming on the way to the central bank's 2% target.
Good June CPI numbers likely won't stop the Fed from more interest rate hikes, said Joe Brusuelas at RSM.
Win McNamee/Getty Images
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Economists forecast inflation cooling with the latest consumer price index this week

by Ali Budner
Jul 11, 2023
That would be a good sign for the Federal Reserve as it tries to get inflation under control.
Right now, incoming inflation reports like the CPI are extra-important because the Federal Reserve uses the data to determine whether its going to raise rates again.
Joe Raedle/Getty Images
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In a tight housing market, both buyers and sellers are getting creative

by Ali Budner
Jun 22, 2023
Realtors are encouraging their clients to get creative if they really want to make a move while interest rates remain high and inventory remains low.
Some homeowners with a low interest mortgage rate locked in are offering to sell that loan along with their house.
Joe Raedle/Getty Images
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What's Fed Chair Powell trying to tell us about future interest rate hikes?

by Mitchell Hartman
Jun 21, 2023
Jerome Powell has stuck to the same script on whether more interest rate increases are coming — but that script has a cliffhanger ending.
Federal Reserve Chair Jerome Powell testifies before the House Financial Services Committee on Wednesday.
Stefani Reynolds/AFP via Getty Images
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Race and Economy

Black homeownership climbed early in the pandemic. Is progress stalling?

by Matt Levin
Jun 19, 2023
Higher mortgage rates could disproportionately hurt Black homebuyers.
Historically low mortgage rates lifted homeownership across racial and ethnic groups. But those rates have more than doubled since 2021.
Joe Raedle/Getty Images
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National Debt

Is the Fed actually going to pull off a "soft landing"?

by Matt Levin
Jun 14, 2023
If the Fed can tamp down inflation without sparking a recession, it would be only the second time in history in U.S. history.
Hold the applause for Federal Reserve Chair Jay Powell — there's more work to do before the economy can make a soft landing.
Mandel Ngan/AFP via Getty Images
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Fed pauses rate hikes, hints at 2 more potential increases this year

by Associated Press
Jun 14, 2023
For the first time in 15 months, the Federal Reserve has kept its key interest rate unchanged.
Kevin Dietsch/Getty Images
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Should the Fed raise its 2% inflation target?

by Kristin Schwab
Jun 12, 2023
Some economists think the Fed should aim higher than that magical 2% rate.
Jerome Powell is expected to announce a pause on interest rate hikes this week as the Fed tries get inflation down to a target of 2%.
Win McNamee/Getty Images
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Americans have almost $990 billion in credit card debt

by Stephanie Hughes
Jun 9, 2023
But with interest rates high and wage growth slowing, that level of spending is becoming unsustainable.
Between early 2021 and mid-2022, about 10 million people got credit cards who hadn’t had them before.
Olivier Douliery/AFP via Getty Images
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Apartment construction is booming, but it probably won't last

by Henry Epp
Jun 2, 2023
The Census reports that construction of multifamily homes, like apartment buildings, was up about 25% year-over-year.
The Census reports that construction of multifamily homes, like apartment buildings, was up about 25% year-over-year.
Brandon Bell/Getty Images
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