High interest rates may have caused housing recession, Bessent says
Parts of the US economy, particularly housing, may already be in recession because of high interest rates, Treasury…
The Ranks of Corporate Zombies Are Growing: Credit Weekly
As Halloween monsters of all stripes flood neighborhoods in search of candy and parties this weekend, credit markets…
Big Tech Earnings Reveal Cracks in Case for Massive AI Spending
A week that saw the Federal Reserve cut interest rates and dozens of US companies report earnings nevertheless…
AI Boom Drives US GDP Growth
I’m Ben Holland, an economics editor in Washington. Today we’re looking at the US AI boom and its…
Is a Private Credit Crisis Brewing? Tricolor, First Brands Shake Wall Street
The business model of Tricolor Holdings didn’t sound especially stable to begin with. The auto lender, based in…
Powell says that, unlike the dotcom boom, AI spending isn’t a bubble: ‘I won’t go into particular names, but they actually have earnings’
“I won’t go into particular names,” Powell told reporters after the Fed’s policy meeting, “but they actually have…
Powell cuts rates in the dark in historic move, with no jobs data and Trump heckling from abroad
The Federal Reserve lowered its benchmark interest rate by a quarter of a percentage point on Wednesday, a…
The Fed’s balance sheet takes center stage as liquidity concerns rise
The U.S. Federal Reserve is widely expected to cut interest rates when it meets on Wednesday with little…
Dormant Treasuries Volatility Sets Stage for Powell Surprise
Volatility in the world’s largest bond market has collapsed in recent weeks, but Federal Reserve Chair Jerome Powell’s…
Inflation data kills November rate cut chances as RBA faces headache
A November rate cut is, to borrow a phrase, dead, buried and cremated. A self-professed data-dependent Reserve Bank…
Fed has a rate cut plus a bunch of other things on its plate this week
Jerome Powell, chairman of the US Federal Reserve, during the International Monetary Fund (IMF) and World Bank Fall…
When will mortgage rates go down? They’re decreasing, but have a way to go before hitting 6%.
Mortgage rates have been fluctuating over the past month, but all the changes have been small. This week,…