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What Fed Hikes? Much of Americans' Debt Is Still Riding Ultralow Rates
One reason the economy keeps humming: A huge chunk of consumer debt still carries low rates, including mortgages and auto loans made before 2022. Source
ECB Raises Rates, Says Pausing Is an Option
The euro fell against the dollar as President Christine Lagarde said the central bank was keeping an open mind on its next rate call. Source
U.S. Economic Growth Accelerates
The economy expanded at a 2.4% annual rate in the second quarter, remaining well clear of a recession despite higher rates. Source link
Could a Recession Still Be Years Away? Soft Landing Could Deliver Another Extended Economic Cycle
Recent expansions have lasted 6 to 10 years. Here’s how this one could last that long. Source link
The Economy Has Defied Expectations. Here’s What to Focus On in the GDP Data.
What to Read Next Source link
Federal Reserve Raises Interest Rates to 22-Year High
Officials have slowed the pace of increases this year but aren’t sure they have fully tackled inflation. Source link
China's Soaring Youth Unemployment Threatens Xi's Economic Vision
The nation needs workers, but college graduates shun low-skill work. Many have opted out of the job market and are ‘lying flat.’ Source link
The Luxury Home Market Confronts Its New Reality: Not Enough Buyers and Sellers
Listen to article (2 minutes) When Joan Dangerfield, wife of the late comedian Rodney Dangerfield, first walked into her Los Angeles home in the early
Indiana, Midwest Take Top Slots in WSJ/Realtor.com Housing Index
Lafayette, Ind., retained the top spot in the emerging home markets index for a third consecutive quarter. Source link
Fed Set to Raise Rates to 22-Year High. Here’s What to Focus On.
What to Read Next Source link