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US mortgage rates are already hitting 6%

The higher rates are pricing out first time homebuyers, and cooling down a hot housing market.

Eric finniganGreg mcbrideAli wolfFederal reserveJohn burns real estate consultingMortgage ratesHousing pricesEdited by ana campoy

The Fed hasn t announced a 75-point-hike in nearly 30 years — Quartz

The last time the Federal Reserve raised rates by 75 basis points was in 1994, when Alan Greenspan brought the US economy down for a soft landing. This time, though, the Fed finds itself in very different conditions.

White houseDistrict of columbiaUnited statesJerome powellSebastian mallabyAlan greenspanTom cruiseDow jonesFederal reserveUnder greenspanClinton white houseInterest rateJerome powellBill clintonEdited by ana campoy

The international companies refusing to leave Russia

Take a peek at some well-known international brands operating in Russia in the aftermath of Putin's invasion of Ukraine.

United kingdomNetherland aegonVladimir putinJimmy chooMichael korsYale universityCapri holdingsFor carlsbergMccain foodsInvasion of ukraineQz interactiveEdited by ana campoy

The Fed predicts 3 years of rising unemployment as it hikes rates — Quartz

The US Federal Reserve is now more committed to price stability than it is to maximum employment.

United statesJerome powellEsther georgeGeorge pearkesBespoke investment groupMarket committeeFederal open market committeeKansas city federal reserve esther georgeEmploy americaInterest ratesFederal reserveEdited by ana campoy

David Yanofsky won another FOIA lawsuit over paywalled travel data — Quartz

In 2016, I sued. In 2018, I won. I sued again. And now, in 2022, I have won, again.

Florence panDc district courtDepartment of commerceReporters committee for freedom of theUs department of commerceInternational trade administrationInformation actBorder protectionReporters committeeYanofskyv department of commerceEdited by ana campoy

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