After consumers have largely resisted inflation, they are beginning to fight high prices. The engine of the US economy, consumer spending, is turning weak. Demand destruction, as they call it.…
New home construction and permit applications for single-family homes decreased in September, confirming that high mortgage rates are increasing demand and reducing new construction. According to data released Wednesday, residential…
Rapidly rising interest rates are squeezing the flow of private capital to the world’s poorest countries. The problem is that the preferred alternatives—the International Monetary Fund and World Bank—are getting…
Mortgage rates in the US fell, shifting direction after a six-week streak of gains that sent borrowing costs to a 15-year high. As benchmark Treasury yields eased this week, the…
U.S. stocks edged lower Thursday, suggesting major indexes could stumble for a second consecutive day following their strong start to October. The S&P 500 fell 0.4% in midmorning trading. The…
U.S. gasoline prices are ticking up after a roughly 100-day decline, threatening to inflict new pain on consumers who have been grappling with widespread inflation for more than a year.…