Inflation and tight job markets are forcing the hands of central banks to end an era of ultra-low interest rates. The results will be profound. by Justin Lahart / via The Wall Street Journal Warren Buffett has compared interest rates to gravity. That is an especially useful way to think about them right now. For […]
by Bryan Mena / via the Wall Street Journal The U.S. economy grew at a modest to moderate pace from mid-January through early February as the Omicron variant of Covid-19 disrupted businesses and held back consumer spending, the Federal Reserve said Wednesday. The Fed’s periodic compilation of business anecdotes from around the country, known as the Beige […]
via wealthmanagement.com / by Jenn Elliot Mortgage bankers and lenders across the U.S. want real estate owners to know one very important fact: debt is widely available for retail properties after a couple of years of being hard to come by. “People are still trying to figure out if there’s debt for retail properties,” says Tom Melody, […]
by Jeanna Smialek / via The New York Times The Federal Reserve lifted its key interest rate by a quarter of a percentage point on Wednesday as policymakers took their first decisive step toward trying to tame rapid inflation by cooling the economy. The Fed had kept rates near zero since March 2020, and the decision marked […]
