The average rate on the 30-year fixed mortgage increased to 6.81% this week, according to Freddie Mac. Rates followed the 10-year Treasury yield higher, as
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The US economy grew at a faster-than-expected pace in the second quarter of 2023, adding to signs that the threat of a recession has faded in the immediate term
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Federal Reserve Chairman Jerome Powell said there is still a risk of doing too little to bring down inflation, noting that he wouldn't take hiking interest
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US banks lost $472 billion in deposits in the first quarter, according to a new quarterly report from the FDIC that offers a comprehensive look at how the
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As AI mania accelerates into the summer months, a tale of two markets facing investors is becoming more extreme. Last week, the Nasdaq 100 Index — which is
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The biggest deposit flight we have seen in 50 years from commercial banks shows no sign of stopping. Commercial bank deposits peaked at $18.158 trillion on 04
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Recession indicators are ringing loudly. Yet, the Fed remains focused on its inflation fight, as repeatedly noted by Jerome Powell following the March FOMC
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The Treasury market is sending its sharpest warning about recession risks since 1981. This week, the difference in the yield on 2-year and 10-year Treasury
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Federal Reserve Chair Jerome Powell told lawmakers on Tuesday interest rates are likely to rise more than previously expected as the central bank works to bring
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NOTE: The charts for this article are well-worth reviewing. Please click the link for the original article. History may be repeating history itself. At the
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For 2022, the S&P 500 fell -19.4% to 3,840, the Nasdaq -33.1% to 10,467, and the Dow -8.8% to 33,147. The IBD Mutual Fund Index declined -35%. The Fed initially
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The Federal Reserve raised short-term interest rates Wednesday by 0.50%, bringing benchmark interest rates to the highest level since 2007 while suggesting more
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