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

Stocks and bonds ‘disaster discounted’ after investors’ worst streak in 20 years

Things can always go wrong. S&P 500 SPX Index, -1.51% Friday consolidated the worst monthly percentage drop since the pandemic shutdowns in March 2020, but also joined the Dow Jones Industrial Average DJIA, -1.71% and Nasdaq Composite Index COMP, -1.51% The first extended period in the nine-month period held the worst since 2002, according to … Read more

Housing still has “a lot of wiggle room” in the recession, even as mortgage rates near a 20-year high, according to this investor.

Mortgage rates that briefly touched a 20-year high this week are unlikely to implode the US housing market, according to Al Otero, HAUS portfolio manager, Armada ETF Advisors. Instead, a strong hiring background and massive homeowners sitting on the stock cushion after two years of massive price gains will give the housing market “a lot … Read more

The Fed’s fight against inflation could cost 1.2 million US jobs

Minneapolis CNN Business – In its efforts to lower historical inflation and cool the economy, the Federal Reserve has used Multiple euphemisms To describe the potential impact on Americans’ jobs, from Economical ‘pain’ To the “unfortunate costs” and Softening the labor market. However, the data does not taint the words. The Federal Reserve’s latest economic … Read more