The Bank of England expects a long UK recession but believes interest rates may not need to increase much more.
With 30-year fixed rates hitting a 20-year high of 7%, a finance scholar explains where these life-altering loans originated.
The Fed is also beginning to reduce its massive balance sheet, which is beginning to cause disruptions in the $24 trillion Treasury market.
Because central banks delayed interest rate increases early in the pandemic, they have spent 2022 playing catch-up with runaway inflation.
Debt is becoming unaffordable.
Only months into the job, Prime Minister Liz Truss is on her way out already, leaving her government in search of a new leader and a way to regain public trust.
Borrowers want to know when soaring mortgage rates will go down again.
And don’t be surprised if a sovereign downgrade makes the problem even worse.
A deepening recession risk will keep home ownership out of reach for many.
The expected relationship between government and central bank policy has broken down in the UK.
Explaining why it can be so difficult to pinpoint whether or not an economy is in recession.
An economist explains what young people need to know about the mini budget, and how to protect yourself financially.
The time to fix the roof is while the sun is still shining. Before the economic situation goes from bad to worse, the impact of rising interest rates can be mitigated in a combination of ways.
The Fed’s recent rate hikes are contributing to higher prices and growing recession risks around the world, yet there are good reasons why the US central bank has to keep its focus domestic.
On September 16 1992 the state fought the markets, and the markets won.
Inflation remained near a 40-year high due to a jump in the cost of food and shelter. But that might not mean the Federal Reserve will get more aggressive when it comes to monetary policy.
Reforming the Bank of England to help it tackle inflation may end up compromising its independence.
As with any major financial decision, you need to understand how the renovation fits with your broader life goals. Why do you want to do it?
While authorities such as the Reserve Bank often see them as risky, interest-only loans can be helpful in some circumstances.
Central banks are having to choose between ruinous inflation or ruinous interest rates.