The Fed plans to ‘reset’ the housing market—raising the likelihood of falling home prices

The Fed plans to ‘reset’ the housing market—raising the likelihood of falling home prices

Source: Fortune —  It’s not just about how expensive housing became—it’s how fast it got there. It only took 24 months for U.S. home prices to soar a staggering 37%. For comparison, the biggest two-year spike leading into the 2008 housing crash was 29%. Heading...
Here’s what the Federal Reserve’s 0.75 percentage point rate hike — the highest in 28 years — means for you

Here’s what the Federal Reserve’s 0.75 percentage point rate hike — the highest in 28 years — means for you

Source: CNBC —  The Federal Reserve raised its target federal funds rate by 0.75 percentage points, the largest increase in nearly three decades, at the end of its two-day meeting Wednesday, in an effort to quell runaway inflation. “We at the Fed understand the...