The U.S. economy continues to grow despite the 5.5% benchmark federal funds interest rate set by the Federal Reserve in 2023. The Fed’s leaders expect their interest rate…
Read more Why Fed rate hikes take so long to affect the economy, and why that effect may last a decade or moreEconomists have been forecasting a recession for months, and that looming downturn is one of the most anticipated in U.S. history. But it’s not yet materialized, in part…
Read more Americans are spending big with credit cards. Here’s what that means for the possibility of a recessionChoosing whether to rent or buy has never been a simple decision — and this ever-changing housing market isn’t making it any easier. With surging mortgage rates, record…
Read more Rent or buy? Here’s how to make that decision in the current real estate marketInflation has already peaked, but it will remain above pre-Covid levels in 2023, said David Mann, chief economist for Asia-Pacific, Middle East and Africa at the Mastercard Economics…
Read more Inflation has peaked — but it’s not returning to pre-Covid levels in 2023, Mastercard says
