Weeks after the collapse of Silicon Valley Bank, lenders are getting stingier about making loans. That makes it harder for businesses trying to grow and — and it raises the risk of recession.
"interest rates"
2022 marked the end of cheap mortgages and now the housing market has turned icy cold
The buying frenzy of a year ago is long gone. Home buyers have pulled away, sellers are holding back, and the whole housing market is locked in a deep freeze.
Alaskans are rethinking their spending habits as record inflation hits the state
The U.S. Bureau of Labor Statistics measured Anchorage and Mat-Su consumer prices up more than 12% from a year ago. It’s one of the highest jumps in the nation.
Who are the winners and losers of the Fed hiking interest rates?
The Federal Reserve announced Wednesday it will increase its benchmark interest rate by 0.75%, the largest increase in decades. But what does that actually mean for everyday Americans?
Federal Reserve Decides To Keep Interest Rates Low A While Longer
The Federal Reserve decided Wednesday to hold interest rates steady. The nation’s central bank is watching for signs of overheating, but for now, says the economy is growing at a sustainable rate.
Federal Reserve Announces Hike In Short-Term Interest Rates
After holding rates near zero for seven years, the Fed approved a small increase Wednesday. While that step seems minor, the impact could be huge in 2016 as borrowing costs head up.