Category: Finance News

New York Fed President John Williams said he expects rates to continue higher and to remain at those levels until inflation is subdued.

These are the stocks posting the largest moves in midday trading.

Buffett has spent the past year strengthening Berkshire’s investments in energy. He turns 92 on Tuesday.

Available positions totaled 11.24 million for the month, well in excess of the 10.3 million FactSet estimate, according to the JOLTS report.

Rising costs amid inflation will likely make it more difficult for many families to afford already expensive long-term care for ailing or elderly relatives. 

These are the stocks posting the largest moves before the bell.

“The problem we have is that the [Fed Chair Jerome Powell] does not understand … what the causes of inflation are and were,” said the Johns Hopkins professor.

Stephen Roach, known for serving as Morgan Stanley Asia chair, warns the Fed’s aggressive tightening policies haven’t kicked in yet.

Fannie Mae says mortgage rates could fall to 4.5% next year. But prospective homebuyers shouldn’t use predictions as a primary guide to purchase decisions.

A paper released at the same Jackson Hole, Wyoming summit where Powell spoke suggests that the Fed can’t do the job itself.