Do you think mortgage rates are high now? Homebuyers in the 1980s paid 19%

Do you think mortgage rates are high now? Connie Strait recalls when she started her real estate career in the early 1980s and buyers were competing for rates three times higher. Strait recalled a couple who were actually relieved when she blocked a 30-year fixed-rate mortgage at 19% in September 1981. The couple had told … Read more

How the US is exporting inflation to other countries

London CNN business – The Federal Reserve is focused on voting price increases in the United States. But countries thousands of miles away are teetering from their hardball campaign to strangle inflation as their central banks are forced to raise interest rates faster and higher and a runaway dollar pushes value down. of their currencies. … Read more

US house prices rose in July, but showed a “sharp deceleration”

US home prices continued to rise in July. But the market has shown signs of cooling as rising mortgage rates pushed more potential buyers to the sidelines. House prices rose 15.8% in July from the previous year, a smaller jump than in Growth of 18.1% seen in June, according to the S&P CoreLogic Case-Shiller US … Read more

Markets are now treating UK bonds such as Greek and Italian debt

London CNN business – The pound may have stopped its headlong collapse to parity with the US dollar, but the damage to the UK economy from Prime Minister Liz Truss’s huge tax cut bet is still ruining financial markets. The pound stabilized early Tuesday to trade near $ 1.08, rebounding from Monday’s record low of … Read more

Markets are now treating UK bonds such as Greek and Italian debt

London CNN business – The pound may have stopped its headlong collapse to parity with the US dollar, but the damage to the UK economy from Prime Minister Liz Truss’s huge tax cut bet is still ruining financial markets. The pound stabilized early Tuesday to trade near $ 1.08, rebounding from Monday’s record low of … Read more

Take no prisoners: In the Fed’s fight against inflation, no one is spared

New York CNN business – Call it the “take no prisoners” economy. Concerns about the recession are deepening around the world. Mortgage rates rise and homes stabilize. The Dow is at a two-year low and close to a bear market. Global central banks are raising interest rates with no end in sight until high inflation … Read more

“Financial markets are throwing in the towel”: recession fears rise as the Fed holds back the economy

The likelihood of significantly higher interest rates skewed the odds towards another recession within a year, economists say. Yet some continue to hope that the US can get away with a period of slow growth instead of a downright decline. In a move widely anticipated by financial markets, the Federal Reserve orchestrated another huge US … Read more

Forget a soft landing. The market’s best hope is a “growth” recession.

A version of this story first appeared in CNN Business’s Before the Bell newsletter. Not a subscriber? You can subscribe right here. You can listen to an audio version of the newsletter by clicking on the same link. New York CNN business – Investors are realizing the harsh reality of how much pain the economy … Read more

Economic conditions, worsening of the market trend after the Fed rate hike

Precious metals markets are trying to hold on despite another strong rate hike from the Federal Reserve this week. On Wednesday, the Fed raised its benchmark interest rate by three quarters, as expected. Fed Chairman Jerome Powell has promised to reduce inflation and restore price stability. Jerome Powell: My colleagues and I are strongly committed … Read more