Falling home prices is coming. High unemployment could make it much worse

London CNN Business – Last year, Auckland’s largest real estate company was unable to sell properties fast enough to meet demand in New Zealand’s largest city. Homes were “flying out the door,” said Grant Sykes, a principal at the Barfoot & Thompson real estate agency. “There were chin-breaking moments when agents would stand across the … Read more

This could be the start of a traditional post-mid-term recovery as inflation is showing signs of slowing down

A colder-than-expected October consumer inflation report triggered a massive rally in stocks that could herald the traditional midterm elections in the last quarter of the year. Bond yields fell sharply, as stocks rose after the October CPI rose 0.4%, less than the 0.6% expected. The gains were 7.7% from a year ago, lower than the … Read more

The Fed may have to blow up the economy to control inflation

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can register over here. New York CNN Business – The Federal Reserve is likely to raise interest rates by three-quarters of a percentage point again on Wednesday, its fourth consecutive large increase. Another increase of this size … Read more

Powell faces political pressure once again as concerns about the economy mount

Jerome Powell, Chairman of the US Federal Reserve, speaks during a federal hearing event in Washington, DC, US, on Friday, September 23, 2022. Drago | Bloomberg | Getty Images Political questioning of the Federal Reserve Chairman Jerome Powell About the central bank’s policy moves are intensifying, this time from the other side of the aisle. … Read more

Here’s How Republicans Will Deal With Inflation

A version of this story appears in CNN’s What Matters newsletter. To get it in your inbox, sign up for free over here. CNN – Life is more expensive, which means that everyone gets a cut in his salary. And people are not happy with that. Gas prices are still high. high rents. service cost. … Read more

First on CNN: Next spring, the economy will plunge into a mild 1990-style recession, says Fitch

New York CNN Business – stubborn hypertrophy And the Federal Reserve Board Big hikes in interest rates It will lead the US economy into a mild 1990-style recession beginning in the spring, credit rating agency Fitch warned on Tuesday. In a report obtained first by CNN, Fitch has lowered its forecast for US growth for … Read more

Why won’t the Fed be so quick to ease its fight against inflation

Jerome Powell, US Federal Reserve Chairman, speaks during a federal hearing event in Washington, D.C., US, on Friday, September 23, 2022. This week, Federal Reserve officials gave their clearest signal yet that they are willing to take on a recession as a necessary trade-off to regain control of inflation. . Drago | Bloomberg | Getty … Read more

Opinion: The Fed is missing a crucial turning point in its fight against inflation because it believes in flawed data

The Fed can’t see the next potential economic meltdown because it’s still looking in the rear-view mirror, seeing nothing but High inflation. The risk arises because the CPI and PCE – the two most important measures of inflation – have a fatal flaw in the way they measure shelter costs. “ If you get your … Read more

Falling markets block technology, the dollar, and private equity

font size Japan had to step in to support the sliding yen for the first time since 1998, even as it tries to keep interest rates low. Akio-kun / Bloomberg The world has been hooked on cheap money for years. We are now seeing what withdrawal looks like. Raising interest rates from zero led to … Read more