#Fed hikes and default fears: Here’s what could be next for the housing market

Admin3 years ago014 mins

Homebuyers and renters alike could feel relief later this year as home prices stabilize, mortgage rates decline and rent price growth continues to slow. Economists expect the Federal Reserve to pause rate hikes for a time while it observes incoming economic data, some stemming from the banking crisis that led to tightened lending. This could…

#The Hill’s Morning Report — What if? The fiscal questions the US faces

Admin3 years ago034 mins

Editor’s note: The Hill’s Morning Report is our daily newsletter that dives deep into Washington’s agenda. To subscribe, click here or fill out the box below. Close Thank you for signing up! Subscribe to more newsletters here The latest in politics and policy. Direct to your inbox. Sign up for the Morning Report newsletter It…

#The Hill’s Morning Report — Democrats, GOP locked in a debt ceiling stalemate

Admin3 years ago037 mins

Editor’s note: The Hill’s Morning Report is our daily newsletter that dives deep into Washington’s agenda. To subscribe, click here or fill out the box below. Close Thank you for signing up! Subscribe to more newsletters here The latest in politics and policy. Direct to your inbox. Sign up for the Morning Report newsletter The…

#Here’s how the debt limit fight could impact the banking crisis

Admin3 years ago012 mins

The banking system is showing signs of stabilizing after the collapses of Silicon Valley Bank (SVB) and Signature Bank, but the looming battle to stave off a national default could complicate that rebound. Congress has anywhere between June and the start of fall to raise the debt limit, which caps how much money the Treasury…

#The Hill’s Morning Report — Fed hikes rates; Trump watch continues

Admin3 years ago038 mins

The Hill’s Morning Report — Fed hikes rates; Trump watch continues Editor’s note: The Hill’s Morning Report is our daily newsletter that dives deep into Washington’s agenda. To subscribe, click here or fill out the box below. Close Thank you for signing up! Subscribe to more newsletters here The latest in politics and policy. Direct…

#The 5 most important things Fed Chair Powell said about the banking crisis Wednesday

Admin3 years ago013 mins

The 5 most important things Fed Chair Powell said about the banking crisis Wednesday Federal Reserve Chair Jerome Powell announced a 0.25 percentage point rate hike on Wednesday after a closely watched meeting of the central bank’s rate-setting committee, which many analysts had been hoping would result in a pause. Prioritizing concerns about inflation over…

#Fed hikes rates despite concerns over banking crisis

Admin3 years ago014 mins

Fed hikes rates despite concerns over banking crisis The Federal Reserve hiked interest rates by 0.25 percentage points on Wednesday after numerous failures in the banking sector had prompted some analysts on Wall Street to call for a pause. The quarter-point hike is the ninth consecutive rate increase by the Fed since March of last…

#Here’s why the ‘too big to fail’ banks bailed out First Republic

Admin3 years ago017 mins

Here’s why the ‘too big to fail’ banks bailed out First Republic A consortium of 11 giant banks that are ostensibly in competition with one another came together Thursday to bail out one of their own, the California-based First Republic, in order to help stabilize the teetering U.S. financial system. The $30 billion transfer to…

#Here’s who is paying to restore Silicon Valley, Signature Bank deposits

Admin3 years ago08 mins

Here’s who is paying to restore Silicon Valley, Signature Bank deposits The federal government mobilized immediately in response to the collapse of Silicon Valley Bank (SVB) and Signature Bank, working over the weekend to insure depositors who had more than $200 billion of venture capital and high-tech start-up money stored in the two banks. But…

#The Hill’s Morning Report — Senators to grill Norfolk Southern on derailments

Admin3 years ago035 mins

The Hill’s Morning Report — Senators to grill Norfolk Southern on derailments Editor’s note: The Hill’s Morning Report is our daily newsletter that dives deep into Washington’s agenda. To subscribe, click here or fill out the box below. Close Thank you for signing up! Subscribe to more newsletters here The latest in politics and policy….