Mortgage rates tick down ahead of Fed meeting next week

Washington, DC CNN — Mortgage rates fell slightly this week, staying almost flat ahead of the Federal Reserve’s closely watched interest rate-setting meeting next week. The 30-year fixed-rate mortgage averaged 6.13% in the week ending January 26, down from 6.15% the week before, according to data from Freddie Mac released Thursday. A year ago, the … Read more

Americans short on emergency savings amid ‘dangerous scenario’

Suze Orman speaks during AOL’s BUILD Speaker Series at AOL Studios In New York. Jenny Anderson | WireImage | Getty Images An unexpected bill is never convenient. But there are even more reasons now that an unforeseen event — such as a car repair or medical expense — could put Americans on unstable financial footing. … Read more

What Tech and Media Layoffs Say About the Economy

This is Work in Progress, a newsletter by Derek Thompson about work, technology, and how to solve some of America’s biggest problems. Sign up here to get it every week. Google’s parent company, Alphabet, today announced that it plans to cut 12,000 jobs, joining a tech-and-media layoff list that already includes Microsoft, Meta, Amazon, Salesforce, … Read more

Premarket stocks: The world has a major debt problem. Is a reset coming?

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. new york CNN — The world is in debt. A record amount of debt. Three hundred trillion … Read more

Premarket stocks: The world has a major debt problem. Is a reset coming?

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. new york CNN — The world is in debt. A record amount of debt. Three hundred trillion … Read more

Investors are ‘desperate’ for a recession that forces the Fed to cut interest rates but what happens to markets if the economy remains healthy?

As 2023 gets underway markets are clinging to expectations that the US economy will slide into a recession that effectively forces the Federal Reserve to start cutting interest rates, lower bond yields and borrowing costs, and perhaps help stock market valuations. US economic data released over the past few months show that inflation has moderated, … Read more

Opinion: Don’t be fooled, a recession really is coming

Editor’s Note: Lakshman Achuthan and Anirvan Banerji are co-founders of the Economic Cycle Research Institute (ECRI), which determines recession dates for 22 economies around the world. The views expressed in this commentary are their own. View more opinion on CNN. CNN — Recession concerns in the US are widespread these days. Yet, some economists argues … Read more