The Fed Is About to Hit Pause on Rate Cuts. Here’s Why.
At the Federal Reserve’s final gathering of 2024, Chair Jerome H. Powell announced that the U.S. central bank was embarking on a “new phase” in how it would set interest…
Existing-Home Sales in 2024 Were Slowest in Decades Amid High Mortgage Rates
High interest rates kept U.S. home sales in a deep freeze for much of last year. It could be a while before the market experiences much of a thaw. Americans…
Trump’s Inflation Fix Centers on Energy Emergency That Doesn’t Exist
President Trump has put unleashing American energy production at the center of his economic agenda, saying that ramping up fossil fuel production will lower inflation and end a cost of…
Japan Raises Interest Rates to Highest Level Since 2008
In a number of ways, Japan’s economy seems to have gone back in time. Inflation and wage growth are mostly back where they were in the early 1990s, just before…
S&P 500 Hits Record High Amid Strong Earnings and Easing Inflation Concerns
The S&P 500 clambered back to a record high on Thursday, inching above a peak reached in early December, after a rally that began with easing inflation concerns tipped over…
Divvy Homes, Once Valued at $2 Billion, Is Sold for Half That Price
Divvy Homes, a Silicon Valley-backed company that promised an alternative path to homeownership for consumers of modest means, has been acquired by an operator of single-family home rentals, the company…
How the Debt Could Hamstring Trump’s Agenda
When House Republicans gathered behind closed doors on Capitol Hill last week to hash out their plans for cutting taxes, Representative David Schweikert, an Arizona Republican, sounded a note of…