How the Housing Slowdown Impacts the Fed’s Inflation and Economic Targets

US home sales are extending declines as the Federal Reserve tightens boosts mortgage rates. That has helped tame inflation, which is now retreating from four-decade highs. But a housing market slowdown also increases the risk of a recession. LoadingSomething is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re … Read more

Ga. Senate runoff between Warnock, Walker has bitter closing

WARNER ROBINS, Ga. – Ads with the candidates’ ex-wives. Cries of “liar” flying in both directions. Stories of a squalid apartment building and abortions under pressure. Questioning an opponent’s independence. His intellect. His mental stability. His religious faith. The extended Senate campaign in Georgia between the Democratic incumbent, Raphael Warnock, and his Republican challenger, football … Read more

14 Best Black Friday Google Device Deals (2022): Pixel 7, Pixel Watch, Nest Cam

Google started its Black Friday deals early, but the price cuts are still going strong. Pixel phones, Pixel Buds wireless earbuds, and smart home gadgets we like are seeing substantial discounts—even devices that launched barely a month ago. Updated on November 24, 2022: We’ve added the Nest Mini and Nest Audio. WIRED’s Cyber ​​Monday Coverage … Read more

MARK-TO-MARKET: US Economy: Focus shifts to 2023

2022 was a tough year. Amid a landscape of soaring inflation and rising interest rates, American consumers and businesses struggled to maintain an even keel. In February 2021, inflation was reported at 1.7%, just below the Federal Reserve’s target rate of 2%. Today, inflation stands at 7.7%. To help get inflation under control, the Fed … Read more