Tag: Fed Rate Hike

Mortgage Rates Decline to Lowest Level in Four Months, 2023 Recession ‘Still an Issue’

U.S. mortgage rates for 30-year fixed-rate loans have fallen to their lowest in four months amid a slowdown in the pace of interest rate hikes by the Federal Reserve and a decrease in home sales last year, with some experts predicting the easing down of mortgage rates to be the trend for 2023. The average…


Fed Policymakers Foresee Need for More Rate Hikes to Control Inflation

Multiple Federal Reserve policymakers are expecting interest-rate hikes to continue, albeit at a smaller magnitude, as the central bank attempts to rein in inflation, with Patrick Harker, president of the Federal Reserve Bank of Philadelphia, predicting the economy will experience only a “modest” growth in 2023. The Federal Reserve is “absolutely committed” to bringing down inflation…


Fed’s Harker Blames ‘Scourge’ of High Inflation on Too Much Government Spending and Easy Money Policies

Excessive spending by the government and accommodative policies of the Federal Reserve have triggered rampant inflation in the United States that is hurting poorer Americans more, according to Patrick T. Harker, president of the Federal Reserve Bank of Philadelphia. The COVID-19 pandemic threw the United States into one of the “sharpest recessions” in history. However,…


Wall Street Expects Big Drop in Corporate Earnings and More Layoffs Starting January: Analysts

U.S. businesses are expected to see corporate earnings drop owing to a slowdown in the economy and rising interest rates, while many prominent tech firms will continue with staff layoffs starting this month, according to analysts. “Downgrades will be a key driver of the first quarter and especially this earnings season,” Joachim Klement, a market…


PREMIERING NOW: As Inflation and Interest Rate Rise, Are We Heading Into a Recession in 2023? | The Larry Elder Show | EP. 105

As we enter the year 2023, inflation is still near a 40-year high. Now that the Republicans have taken over the House, will there be a constraint on spending? What’s the latest in the war in Ukraine, and how much support should America be giving Ukraine? In this episode, Larry Elder sits down with UCLA…


As Inflation and Interest Rate Rise, Are We Heading Into a Recession in 2023? | The Larry Elder Show | EP. 105

As we enter the year 2023, inflation is still near a 40-year high. Now that the Republicans have taken over the House, will there be a constraint on spending? What’s the latest in the war in Ukraine, and how much support should America be giving Ukraine? In this episode, Larry Elder sits down with UCLA…


PREMIERING 3 PM ET: As inflation and interest rate rise, are we heading into a recession in 2023? | The Larry Elder Show | EP. 105

As we enter the year 2023, inflation is still near a 40-year high. Now that the Republicans have taken over the house will there be a constraint on spending? What’s the latest in the war in Ukraine and how much support should America be giving Ukraine? In this episode, Larry Elder sits down with UCLA…


US Expected to See More Unemployment and Slower Hiring This Year

The unemployment rate in the United States is set to worsen further as businesses are predicted to add fewer workers in the course of this year based on a quarterly Economic Indicator poll by Bankrate. The U.S. unemployment rate is expected to be at 4.6 percent a year from now, according to survey results published…


NTD Business (Dec. 14): Fed Hikes Rate Again, Hints More to Come; Hedge Fund Billionaire Ken Griffin Sues IRS

The Fed raises rates by another half a percent. Markets react strongly in the red. We have expert insight. Hedge fund billionaire Ken Griffin is suing the IRS for leaking tax returns—the tax returns of America’s 25 richest people, of which he is one. Republican-led states are calling on Apple and Google to stop labeling…


NTD Business (Nov. 30): House Passes Bill to Avert Rail Strike; Fed Chair Signals Smaller Rate Hikes

The U.S. House of Representatives is taking action to avert a rail strike—passing a bill to impose a labor deal on U.S. rail workers. The Federal Reserve will slow down its rate hikes, and it could come as early as next month. The stock market rallied on the news. India is launching its first digital…