American households lost about $6.8 trillion in wealth over the first three quarters of 2022 as the stock market SPX, +1.43% DJIA, +1.58% COMP, +1.26% shed more than 25% of its value, the Federal Reserve reported Friday in the government’s quarterly financial accounts.
The Federal Reserve hasn’t had much success so far in wrestling down sky-high inflation, but its monetary tightening campaign is having a major impact in deflating asset bubbles that swelled during the pandemic.
Newsfeed: The Federal Reserve Is Deflating Financial Bubbles, Without a Crash Read More »
Home flippers who pounced on recent drops in home prices now face some major hurdles — and potentially major losses.
The stock market has long been the go-to choice for people looking to invest their money. But that could be about to change as a younger generation enters the scene.
Stocks fell in choppy trading on Thursday as investors weighed several key earnings reports and kept an eye on the bond market, where Treasury yields continue to climb.
Falling stock markets have wiped out more than $9 trillion in wealth from U.S. households, putting more pressure on family balance sheets and spending.
Newsfeed: Stock market losses wipe out $9 trillion from Americans’ wealth Read More »
Housing prices could drop by as much as 10% in many U.S. cities, per Fortune, referencing a new report from Moody’s Analytics.
Newsfeed: Housing Prices Are Expected to Drop in These Cities — Is Yours One of Them? Read More »
The housing market has been keeping its head down, keeping calm, and carrying on in the face of the biggest rate spike since the 1980s. The ability to tune out rising rates is nothing new for home prices, as discussed a few weeks back.
Newsfeed: Big Shift in Housing Numbers. Scary or Welcome? Read More »
The world’s richest nation is waking up to an unpleasant and unfamiliar sensation: It’s getting poorer.
Newsfeed: A $5 Trillion ‘Wealth Shock’ Is Cracking Americans’ Nest Eggs Read More »
A combination of high inflation and slowing growth is setting the U.S. on a path to stagflation, according to a renowned former Federal Reserve economist Stephen Roach.