Browsing: Interest Rates
Consumers are so demoralized by inflation and high rates that they’ve given up on saving for the American Dream and are spending money instead, economist says
An economist offered an explanation for a paradox that has emerged in recent data showing that spending has remained robust…
Federal Reserve Chair Jerome Powell has tested positive for COVID-19 and is experiencing related symptoms. Powell tested positive late Thursday.…
World’s largest asset manager wants Fed to reverse course: Slash rates to tame inflation
BlackRock Inc.’s Rick Rieder has some advice that bucks conventional wisdom: The best way for the Federal Reserve to temper…
Jamie Dimon warns markets are fooling themselves by thinking inflation will soon go away: ‘The chances of something going wrong are higher than people think’
JPMorgan CEO Jamie Dimon worries exuberant investors are running ahead of themselves due to what he called “a lot of…
From NIMBYism to an office disaster that ‘never happened before’ to the permanence of remote work, real-estate execs on housing ‘defying gravity’
Before introducing two real-estate executives at the Fortune Future of Finance conference on Thursday, senior editor-at-large Shawn Tully remarked on…
Could Silicon Valley Bank happen again? ‘The short answer is, yes,’ says professor who sees $2 trillion of losses on the books
At the Fortune Future of Finance conference, Tomasz Piskorski, Edward S. Gordon Professor of Real Estate, Finance Division, Columbia Business…
‘Housing has hit rock bottom’: Top real estate CEO says high home prices are shutting people out of the market
Housing is complicated, but one thing is clear: It’s hard to buy a home right now. Let me paint a…
Billionaire real estate investor Barry Sternlicht says he expects at least one bank failure per week due to real estate loans: ‘That’s a fragile animal right now’
Barry Sternlicht, co-founder, chairman, and CEO of the $115 billion real estate giant Starwood Capital Group, is worried about the…
High interest rates take a bite out o hiring as employers add just 175,000 jobs in April
The nation’s employers pulled back on their hiring in April, adding a modest 175,000 jobs in a sign that persistently…
Jerome Powell has had it with the 1970s talk, saying he doesn’t see the ‘stag’ or the ‘-flation’ investors are worried about
After three hot inflation reports to start the year and some disturbing signs of persistent price pressures in the first-quarter…