Interest Rates

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Joe Biden is taking a victory lap after the latest blowout GDP report and says the much-feared recession is canceled, but Wall Street is dubious
Finance

Joe Biden is taking a victory lap after the latest blowout GDP report and says the much-feared recession is canceled, but Wall Street is dubious

By
October 26, 2023
Jamie Dimon, chief executive officer of JPMorgan Chase, during a Bloomberg Television interview.
Finance

JPMorgan CEO Jamie Dimon slams central banks for their ‘100% dead wrong’ forecasts and ‘omnipotent feeling’

By
October 24, 2023
If you’re in the 1% or middle class, inflation has actually made you richer, according to a top economist who’s been researching inequality for over 40 years
Finance

If you’re in the 1% or middle class, inflation has actually made you richer, according to a top economist who’s been researching inequality for over 40 years

By
October 18, 2023
Businesswoman Barbara Corcoran says now is the perfect time to buy a home.
Finance

‘Shark Tank’ star Barbara Corcoran insists now is ‘the very best time’ to buy a house despite interest rates hitting a 23-year high

By
October 17, 2023
LendingClub, which targets consumers buried by credit card debt, isn’t doing so well itself
Finance

LendingClub, which targets consumers buried by credit card debt, isn’t doing so well itself

By Paige Smith and Bloomberg
October 12, 2023
The inflation report just wasn’t very dramatic. Cue a range of wildly varying takes on Wall Street
Finance

The inflation report just wasn’t very dramatic. Cue a range of wildly varying takes on Wall Street

By
October 12, 2023
Long-term interest rates are spiking. Could they deliver a recession–or are they a sign of strength for the U.S. economy?
Commentary

Long-term interest rates are spiking. Could they deliver a recession–or are they a sign of strength for the U.S. economy?

By Philipp Carlsson-Szlezak and Paul Swartz
October 12, 2023
Jerome Powell
Finance

High interest rates didn’t exactly work in September as wholesale inflation rose at the fastest pace since April

By Paul Wiseman and The Associated Press
October 11, 2023
Philip Jefferson, vice chair of the Federal Reserve
Leadership

Fed may leave interest rates untouched at next meeting because surging bond yields are doing the bank’s work for it, two officials say

By Christopher Rugaber and The Associated Press
October 10, 2023
IMF cuts its 2024 growth forecast as world economy loses momentum in the face of high interest rates and Russia’s war in Ukraine
Finance

IMF cuts its 2024 growth forecast as world economy loses momentum in the face of high interest rates and Russia’s war in Ukraine

By Paul Wiseman, David McHugh and The Associated Press
October 10, 2023
A young man sits in his office, looking stressed out
Success

Gen Z may be left permanently psychologically scarred by high inflation, research says—and it could slow down efforts to bring spiraling costs under control

By
October 9, 2023
Photo of Bill Ackman
Finance

Business community shocked and outraged by attack on Israel: ‘Terrorism loves a leadership vacuum and we have created one’

By
October 8, 2023
Top economist calls hot jobs report good news for economy, bad news for markets: ‘Something is likely to break’
Finance

Top economist calls hot jobs report good news for economy, bad news for markets: ‘Something is likely to break’

By Carter Johnson and Bloomberg
October 6, 2023
Jerome Powell
Finance

The greatest threat to the Fed’s ‘soft landing’ is actually the Fed. It’s ‘higher for longer’ interest rates are driving up bond yields and cracking the economy

By Christopher Rugaber and The Associated Press
October 5, 2023
Treasury Secretary Janet Yellen at Fortune's CEO Initiative conference in 2023.
Finance

Janet Yellen: Surprisingly resilient American consumers blocked a recession—and now the Fed could keep interest rates higher for longer

By
October 4, 2023

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