Interest Rates – Page 23

A Fed Official Wonders: ‘Do We Need to Do Another Rate Increase?’

The head of the powerful New York Fed said that it was an “open question,” and that rates could fall next year.

Ronda Kaysen recently wrote about a kind of one-upmanship born out of the pandemic: gloating over mortgage rates.

With interest rates climbing, a new form of one-upmanship is making the rounds: the mortgage-rate humble brag.

Britain’s central bank raised rates for a 14th consecutive time as it warned that some risks from persistent inflation were “crystallizing.”

Economists had been wary of strong economic data, worried that it meant inflation might stay high. Now they are starting to embrace it.