US home prices to plunge ‘substantially’ on ‘cratering’ demand
US home prices are on the cusp of a major correction due to “cratering” demand among cash-strapped buyers, a prominent economist warned in a note to clients on Tuesday. Ian … Read More
Tag: federal reserve
Why do central banks raise interest rates to curb inflation?
It’s all going up: electricity, diesel, vegetables, the Internet, hotels, flights, and now, interest rates. The war in Ukraine, the on-and-off lockdowns in China, a persistent power crunch and disrupted … Read More
Biden officials, including Yellen, downplay recession risk
Top officials in the Biden administration made the rounds on the Sunday news shows to tout the strength of the economy and downplay the likelihood of a recession — an assessment at odds … Read More
Top economist Mohamed El-Erian says most inflation ‘could have been avoided’ if Federal Reserve acted earlier
Most of the current record high inflation could have been avoided had the Federal Reserve acted earlier and shown humility after it wrongly described inflation as “transitory,” economist Mohamed El-Erian … Read More
