Economy Week Ahead: Housing Blues
A measure of home sales is the highlight of this week’s economic news. TUESDAY The once red-hot U.S. housing market has slowed drastically as rising mortgage rates kept many home…
Recession Probability Soars as Inflation Worsens
Economists surveyed by The Wall Street Journal have dramatically raised the probability of recession, now putting it at 44% in the next 12 months, a level usually seen only on…
Rising Inflation and Interest Rates Heap Pressure on Emerging Markets
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Rising Inflation and Interest Rates Heap Pressure on Emerging Markets
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to…
Interest Rates Are Well Below What Academic Formulas Suggest, Fed Report Says
Several simple mathematical formulas used to inform where interest rates should be set under current economic conditions show that high inflation would call for the Federal Reserve to set rates…
U.S. Economic Growth Shows Signs of Slipping
The U.S. economy is starting to slow under the combined weight of soaring inflation and climbing interest rates—including the highest mortgage rates since 2008. Recent reports show sharp declines in…
China’s Economy Shows Signs of Recovery, but Covid Lockdown Threat Remains
HONG KONG—China’s economy improved slightly in May, offering hints of a recovery that is likely to remain fragile under the continuing threat of pandemic-related lockdowns. Official data released by the…
Fed Raises Rates by 0.75 Percentage Point, Largest Increase Since 1994
The Federal Reserve approved the largest interest-rate increase since 1994 and signaled it would continue lifting rates this year at the most rapid pace in decades to fight inflation that…
U.K. Economy Shrinks for Second Month as Outlook Dims
The U.K.’s economy contracted for the second straight month in April, as surging inflation weakened consumer spending, and programs designed to contain the spread of Covid-19 were wound down. The U.K.’s…
U.K. Economy Shrinks for Second Month as Outlook Dims
The U.K.’s economy contracted for the second straight month in April, as surging inflation weakened consumer spending, and programs designed to contain the spread of Covid-19 were wound down. The U.K.’s…
