In an interview, James D. Hamilton, professor of economics at the University of California, San Diego, and a leading expert on the economic effects of oil shocks, said they had “made major contributions to recessions over many decades.” At current oil price and supply levels, the …
Though the typical car payment has reached its highest levels since 2012, the latest increase isn’t expected to make a meaningful difference — at least not yet. “Car loan rates will move up as the Fed hikes interest rates, but it will be a nonissue for …
Text size Markets were poised to end the week higher, despite a hotter-than-hoped-for inflation reading on Thursday. Michael Nagle/Bloomberg It was like a splash of cold water to the face, but there’s reason to be optimistic about the stock market in the weeks and months ahead. …
Federal Reserve Chairman Jerome Powell fired a warning shot across Wall Street last week, telling investors the time has come for financial markets to stand on their own feet, while he works to tame inflation. The policy update last Wednesday laid the ground work for the …
An ‘Open House’ sign is displayed as prospective residence prospective buyers get there at a property for sale in Columbus, Ohio. Ty Wright | Bloomberg | Getty Pictures Home price gains are accelerating at an alarming speed, fueled by Covid pandemic-related inflation, which some claim is …
