Falling home prices is coming. High unemployment could make it much worse

London CNN Business – Last year, Auckland’s largest real estate company was unable to sell properties fast enough to meet demand in New Zealand’s largest city. Homes were “flying out the door,” said Grant Sykes, a principal at the Barfoot & Thompson real estate agency. “There were chin-breaking moments when agents would stand across the … Read more

Pre-market stocks: what the midterm elections could mean for the US economy

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can register over here. You can listen to an audio version of the newsletter by clicking on the same link. New York CNN Business – Tuesday midterm elections It comes at a time of economic weakness in … Read more

Powell faces political pressure once again as concerns about the economy mount

Jerome Powell, Chairman of the US Federal Reserve, speaks during a federal hearing event in Washington, DC, US, on Friday, September 23, 2022. Drago | Bloomberg | Getty Images Political questioning of the Federal Reserve Chairman Jerome Powell About the central bank’s policy moves are intensifying, this time from the other side of the aisle. … Read more

An economic measure that is often overlooked indicates serious problems in the future

Employees work at the BMW plant in Jarir, South Carolina, October 19, 2022. Bob Strong | Reuters The economy sent a low-key signal Thursday that a recession is looming — and that the Federal Reserve may be making a policy mistake by continuing to try to slow things down. According to the Conference Board Leading … Read more

Here’s How Republicans Will Deal With Inflation

A version of this story appears in CNN’s What Matters newsletter. To get it in your inbox, sign up for free over here. CNN – Life is more expensive, which means that everyone gets a cut in his salary. And people are not happy with that. Gas prices are still high. high rents. service cost. … Read more

German relief plan could lead to UK-style bond collapse

German Chancellor Olaf Scholz announced last week a €200 billion ($198 billion) package designed to help drive up energy prices. The “Defensive Shield” includes gas price braking and a reduced sales tax on fuel. Stevie Luce | pool | Reuters Amid pessimistic forecasts of a recession in Germany and the broader region, analysts at a … Read more

Stocks start in October with a big rally

New York CNN Business – Stocks in October began treating more than scams to investors. The market rebounded to start the fourth quarter, despite the growth Concerns about the financial health of the European banking giant Credit Suisse Weak economic data. The daw It rose nearly 765 points, or 2.7%. This was its biggest gain … Read more

Federal Reserve: The Fed rises again with a three-quarter point rate hike in a row

Washington DC CNN Business – The Federal Reserve made history on Wednesday, agreeing to a 75 basis point increase in a row in a strong move to deal with it The severe inflation that the American economy was suffering from. The massive rally, which could not be understood by markets just months ago, is taking … Read more

The next Fed meeting will decide whether stocks can stabilize or fall to market lows

The Federal Reserve is expected to raise interest rates by another three-quarters of a point on Wednesday, but it is what it indicates about future rate hikes that will drive the markets. The central bank’s two-day meeting on Tuesday and Wednesday comes in a week where investors will also be on high alert for more … Read more