Will Home Prices Drop?

Home prices rose by 20.6% year-over-year in March of 2022, marking the largest increase in the 30 years of record-keeping, according to the Joint Center for Housing Studies tabulations of CoStar and CoreLogic Case-Shiller Home Price Indices data. Rent prices have also skyrocketed, further widening the wealth gap between owners and renters in America, and … Read more

5 things to know before the stock market opens Wednesday, June 22

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street set to give back much of Tuesday’s gains Traders on the floor of the NYSE, June 16, 2022. Source: NYSE US stock futures fell Wednesday, pointing to an open that would give up now of … Read more

Inflation at new 40 year high of 9.1% – economy on ‘knife edge’

T he UK economy is on a “knife edge” as inflation rose to a fresh 40-year high business groups warned today. Inflation is at the highest level since March 1982, rising to 9.1% in May, official figures showed. That puts fresh pressure on the Bank of England to keep shoving up interest rates and on … Read more

The Fed Can’t Make the Economy Better Says Ray Dalio

Interest rate increases by the Federal Reserve to subdue inflation are no panacea for the economy, says Ray Dalio, founder of Bridgewater Associates, the world’s largest hedge fund manager. “I now hear it commonly said that inflation is the big problem. So the Fed needs to tighten to fight inflation, which will make things good … Read more

Fed looks ‘dead set’ on tightening financial conditions until the economy slows, warns BlackRock

The Federal Reserve’s battle to get inflation down from a 40-year high probability means it will raise interest rates until the US economy slows, strategists at the BlackRock Investment Institute warned on Tuesday. “The Fed seems dead set on raising rates this year to levels that, in our view, would clearly slow the economy,” Jean … Read more

‘People are still spending money. Most people who want a job, have a job ‘: Small-business owners worry about a recession, but most still feel confident they will survive one. Here’s why

Small business owners say they have one more item to add to their list of worries: recession. More than four in five small business leaders say they worry that a recession will hit the economy soon and it will impact their businesses, according to a new survey by online business-banking platform Kabbage, a checking-account service … Read more

London house prices: property market rises year on year but beginning to slow

T he average asking price of a home in london is £ 682,000, a very slight drop on the property market frenzy of the past two years starts to ease. Affordability constraints, more homes being put up for sale and a traditional summer lull are behind the 1.1 per cent price drop in the capital, … Read more

Why City Life Has Gotten Way More Expensive

Sign up for Derek’s newsletter here. Several weeks ago, I needed a ride home after some late-night drinks about two miles from my place in Washington, DC I pulled up the Uber app and entered my address. When the price on the screen popped up, I assumed I’d entered the wrong street, and perhaps the … Read more

A day after Powell’s assurances, markets are worried something breaks

Federal Reserve Board Chairman Jerome Powell speaks to reporters after the Federal Reserve raised its target interest rate by three-quarters of a percentage point to stem a disruptive surge in inflation, during a news conference following a two-day meeting of the Federal Open Market Committee (FOMC) in Washington, US, June 15, 2022. Elizabeth Frantz | … Read more

5 things to know before the stock market opens Thursday, June 16

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street set to plunge as stocks’ post-Fed rate hike rally vanishes The screen displays the Fed rate announcement as a trader works (inside a post) on the floor of the New York Stock Exchange (NYSE) in … Read more