category

Inflation

Dow plunges in perfect storm for stocks

Investors got a second-day jolt with the economy slowing as prices and interest rates are expected to keep rising. The Federal Reserve hiked rates by 50 basis points on Wednesday.

Mortgage rates fall for fifth week

Mortgage rates fell for a straight fifth week with the 30-year and 15-year fixed rate mortgages dropping to 6.31% and 5.54%, respectively, nearly double last year.

ECB, BOE raise rates by half a percentage point

The ECB said it would raise its key rate to 2% from 1.5%, the highest level since 2009. The bank also said it would reduce its multitrillion-dollar bondholdings starting in March