federal reserve

'Big Short' Burry warns a repeat of the 2008 slump is in sight

‘Big Short’ Burry warns a repeat of the 2008 slump is in sight

Tension has become the new watchword in the markets. For several days, investors seem exhausted. They seem ready to panic at the slightest bit of bad news. Everything feels like all it takes is a spark to ignite everything. The reason for this fragility and vulnerability is the fear that the US economy and the …

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Stocks and bonds are 'discounted for disaster' after worst period for investors in 20 years

Stocks and bonds are ‘discounted for disaster’ after worst period for investors in 20 years

Things could always get worse. The S&P 500 SPX index, -1.51% Friday cemented its worst monthly percentage decline since the March 2020 pandemic lockdowns, but also joined the Dow Jones Industrial Average DJIA, -1.71% and the Nasdaq COMP composite index, -1.51% booking the worst and first 9-month period since 2002, according to Dow Jones Market …

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Three lessons for Americans from the fall of the pound sterling

Three lessons for Americans from the fall of the pound sterling

For now, the Bank of England has restored some calm to global financial markets, which shook a week ago, after Prime Minister Liz Truss’s new UK government and her Conservative Party announced a huge unfunded tax cut. As economists and financial analysts criticized the policy as untimely and irresponsible, the value of the pound plunged, …

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Larry Summers warns that global economic risk is approaching pre-Great Recession levels

Larry Summers warns that global economic risk is approaching pre-Great Recession levels

The current level of risk in global markets is reminiscent of conditions seen in 2007 before the Great Recession, former Treasury Secretary Larry Summers warned Thursday. Summers detailed his concerns a day after the Bank of England was forced to intervene to stabilize the UK’s cratering economy – an event some saw as a potential …

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Timber prices plunge as higher rates hit housing

Timber prices plunge as higher rates hit housing

Text size Homebuilders are seeing more cancellations following the sharp rise in mortgage interest rates. Justin Sullivan/Getty Images Timber prices have fallen more than 60% since the start of the year, but don’t count on a recovery soon. Rising interest rates and inflation will continue to dampen demand for single-family homes. “Homebuilders have faced a …

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Falling stocks and bonds jeopardize technology, the dollar and private equity

Falling stocks and bonds jeopardize technology, the dollar and private equity

Text size Japan had to step in to support the decline of the yen for the first time since 1998, even as it tries to keep interest rates low. Akio Ko/Bloomberg The world has been addicted to cheap money for years. Now we see what the withdrawal looks like. The lifting of interest rates from …

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Stocks crash and rates rise.  It's painful, but we're heading back to normal.

Stocks crash and rates rise. It’s painful, but we’re heading back to normal.

Stocks and bonds fall. Housing has weakened. And I haven’t heard a word about non-fungible cartoon monkey tokens in maybe three months. Strategists are now turning their attention to some truly bizarre assets – two I spoke with last week recommended buying long-dated Treasuries. One also said he favors stocks of companies that generate money, …

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The Fed just predicted a pretty lousy economy - and the markets took notice

The Fed just predicted a pretty lousy economy – and the markets took notice

Comment The Federal Reserve (Fed) announced on September 21 that it had raised interest rates by 75 basis points (bps), or three-quarters of a percentage point. The decision came a day after the Federal Reserve Bank of Atlanta lowered its much-watched estimate of third-quarter 2022 GDP (“GDP Now”) to just 0.3% on September 20, after …

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Why Americans shouldn't panic as the Fed hikes interest rates: Financial experts

Why Americans shouldn’t panic as the Fed hikes interest rates: Financial experts

Americans should stay calm, bolster their personal savings and keep an eye on their long-term financial plan as the Federal Reserve raises interest rates sharply, personal finance experts told the Post. The Fed raised its key rate by 0.75% on Wednesday for the third consecutive month. By raising interest rates, the Fed makes it more …

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