The financial journalist Rana Foroohar shares her long view on what’s going on with the economy.
Tag: United States Economy
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A Recession Would Hurt Democrats. Some Warn It’d Also Hurt Democracy.
By trying to tame inflation, some commentators say, the Federal Reserve could bring about a recession — just as an unrepentant Donald Trump appears to be eyeing another White House bid.
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Stock Markets Fall After Fed Rally Fades
Stocks tumbled, with the S&P 500 falling further into bear market territory, as investors focused on the threat that inflation and higher interest rates pose to the economy.
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Crypto, Houses, Sneakers, Rolexes: How FOMO Drove the Economy
For millions of people, Bitcoin, like real estate and dot-coms before it, offered hope for escaping dead-end jobs.
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Mortgage Rates Jump to 5.78 Percent, Rising at the Fastest Pace Since 1987
The climb in mortgage rates, coupled with skyrocketing home prices, has eroded what prospective home buyers can afford.