It’s easy to want to duck for cover given the carnage seen this year in stocks and bonds, particularly with the Federal Reserve vowing to wage an unconditional battle against high inflation.While … [Read more...] about Recession is challenging inflation as top fear among stock and bond investors
Economic Performance/Indicators
Fed says banks could withstand 10% unemployment, 55% stock price drop in annual stress test
The Federal Reserve Board on Thursday projected the potential for a rockier road ahead for banks than it did a year ago, but said the 33 financial institutions it reviewed passed its annual stress … [Read more...] about Fed says banks could withstand 10% unemployment, 55% stock price drop in annual stress test
Jerome Powell Pressed Over How Fed Would Respond to Economic Slowdown
Lawmakers pressed Federal Reserve Chairman Jerome Powell over how the central bank would manage trade-offs it could confront if its interest-rate increases slow the … [Read more...] about Jerome Powell Pressed Over How Fed Would Respond to Economic Slowdown
Stocks Open Higher Ahead of Powell Testimony
U.S. stocks advanced ahead of a second day of testimony from Federal Reserve Chairman Jerome Powell after he warned that rapidly rising interest rates threatened a … [Read more...] about Stocks Open Higher Ahead of Powell Testimony
U.S. Existing-Home Sale Prices Hit Record of $407,600 in May
The median existing-home sale price in the U.S. shot above $400,000 in May, setting a record, as the housing market stalled under the weight of higher mortgage-interest rates. Sales of previously … [Read more...] about U.S. Existing-Home Sale Prices Hit Record of $407,600 in May
How to Keep Your Job, or Find a Better One, if There’s a Recession
The job market is still really hot. But concerns about the economy have many people wondering if their jobs are secure enough to survive.In the past week, Tesla said it … [Read more...] about How to Keep Your Job, or Find a Better One, if There’s a Recession