Fed’s anticipated quarter-point rate hike could be last of tightening cycle
The Federal Reserve is expected to raise its benchmark interest rate by another quarter of a...
The Federal Reserve is expected to raise its benchmark interest rate by another quarter of a percentage point on Wednesday, in what could very well be the last rate hike of this cycle, economists said.
The 25-basis-point move would push the Fed’s benchmark interest rate to a range of 5% to 5.25%. That is seen by many as high enough to slow the economy and cool inflation.
“I think they will have done enough to quell the monster of inflation,” said Eugenio Alemán, chief economist at Raymond James.
Sweden has announced plans to build the world’s first electrified motorway, allowing electric cars...
Sweden has announced plans to build the world’s first electrified motorway, allowing electric cars to charge themselves as they pass along its surface. The e-motorway, which is due to be completed in about two years, is part of wider efforts by Sweden to decarbonize the transport sector in response to a new EU law that requires new cars to have zero CO2 emissions from 2035.
There's an unusual decline in housing inventory that's preventing home prices from dropping...
There's an unusual decline in housing inventory that's preventing home prices from dropping more. Redfin said new listings are down more than 20% from a year ago, and there are still more buyers looking for homes than there are homes for sale. Here's your housing update.
US stocks futures are flat early Monday. The Dow is coming off its...
US stocksfutures are flat early Monday. The Dow is coming off its best month since January after finishing Friday's trading session 0.8% higher, while the Nasdaq made the largest weekly gain at 1.3%. Check out this morning's market moves.
On the docket: SoFi Technologies, Norwegian Cruise Line, and MicroStrategy, all reporting.
A massive fire erupted at an oil depot on the Crimean Peninsula over the weekend, an incident Russian officials blamed on a pair of armed drones launched by Ukrainian forces. It would mark one of the most aggressive acts of force by Ukraine in the region since Russia annexed it in 2014 (see map).
More than 350,000 troops have been killed in the fighting to date. See an update on the war here.
