Federal Reserve System – Page 89

Wall Street Has Its Worst Week Since March 2020

The selling was fueled by persistently high inflation and fears that the Fed’s efforts to tame it with higher interest rates will choke growth.

Inflation is expected to remain high later this year even as the economy slows and layoffs rise. Already, signs of financial stress are surfacing.

The financial journalist Rana Foroohar shares her long view on what’s going on with the economy.

The climb in mortgage rates, coupled with skyrocketing home prices, has eroded what prospective home buyers can afford.

Musk will attend a virtual all-hands meeting as his $44 billion acquisition of the company moves ahead, despite his hand-wringing about bots.