Dollar plunges as Fed says disinflation now in play – Yahoo Finance

Ray Wee SINGAPORE (Reuters) – Market confidence is nearing the end of the rate hike campaign as the dollar plunged on Thursday after the Federal Reserve announced it had ended its war on inflation. increased. Investors got a dovish clue from Wednesday’s remarks by Fed Chairman Jerome Powell, the world’s largest economy. The Fed’s statement […]

Stock market live news updates: Tech stocks soar after Fed's latest rate hike – Yahoo Finance

Tech stocks rose Wednesday after Federal Reserve announcement recent interest rate hike After Fed Chairman Jerome Powell suggested the economy was showing signs of ‘disinflation’. When the closing bell rang on Wall Street, the tech-focused Nasdaq Composite (^IXIC) rose 2%, with market charges rising following Chairman Powell’s comments. S&P 500 (^GSPC) rose 1% and the […]

Housing: Here's what it will take to buy a home this year – Yahoo Finance

Thinking of buying a new home in 2023? First, the bad news. Affordability remains a serious challenge for most buyers realtor.com. “Median house prices are 10% higher than they were a year ago, and mortgage rates are 100% higher than they were a year ago,” he said. Add an additional $800 to $1000 to your […]

Fed Set to Shrink Rate Hikes Again as Inflation Slows – Yahoo Finance

(Bloomberg) — Sign up for the New Economy Daily newsletter, follow @economics, and subscribe to our podcast. Bloomberg’s most read articles The Federal Reserve is set to again slow the pace of rate hikes next week amid signs of slowing inflation, but Friday’s jobs data showed stability for workers raising the chances of a soft […]