The Federal Reserve announced it will leave interest rates unchanged Wednesday, setting the stage for rate cuts to come — and paving the way for relief from the combination of higher rates and inflation that have hit consumers particularly hard. Although Fed officials indicated as many as three cuts coming this year, the pace that they trim interest
Month: January 2024
A year after renting one of the priciest pads in Brooklyn, red-headed English crooner Ed Sheeran is vacating — and the luxe apartment in the celebrity-studded building is again for rent. This time, the rent for the 3,200-square-foot four-bedroom triplex on the Brooklyn Heights waterfront is $38,000 a month — up from the $36,000 that
Prospective home buyers look from the balcony of a home for sale during an Open House in a neighborhood in Clarksburg, Maryland on September 3, 2023. Roberto Schmidt | AFP | Getty Images After rising for several weeks, mortgage demand fell last week as buyers faced increased competition for a limited supply of homes. Total
Getty Images Inflation is cooling. Consumer spending continues to be at record highs, while consumer confidence has been trending up. And, after almost two years of rate hikes by the U.S. Federal Reserve, investors are expecting at least a few cuts to interest rates this year. Their anticipation is understandable: The federal funds rate hasn’t
In this article MA WFC Follow your favorite stocksCREATE FREE ACCOUNT Svetikd | E+ | Getty Images Housing is typically one of the biggest expenses in someone’s budget, and it’s natural to wonder about the best way to pay that bill. For renters, sometimes it’s possible to pay with a credit card. While you could
A wonderfully out-of-place Cape Cod-style cottage atop a Manhattan apartment building is seeking a new captain. The penthouse unit at this six-story East Village address has hit the market, and the top-floor duplex comes with this cute, not to mention unusual, cedar-shake structure that has long commanded curious onlookers from its post on the building’s
A sign stands outside an upscale home for sale in the Lake Pointe Subdivision of Austin, Texas. Ed Lallo | Bloomberg | Getty Images Home prices in November fell 0.2% from October, according to the S&P CoreLogic Case-Shiller national home price index. While that may not seem like a lot, it is the first monthly
The Federal Reserve is expected to announce it will leave rates unchanged at the end of its two-day meeting this week, after recent reports showed the economy grew at a much more rapid pace than expected and inflation eased. “In many ways, we already have a soft landing,” said Columbia Business School economics professor Brett House.
Senator Elizabeth Warren, a Democrat from Massachusetts, left, speaks with Jerome Powell, chairman of the U.S. Federal Reserve, during a Senate Banking, Housing and Urban Affairs Committee hearing in Washington, D.C., U.S., on Tuesday, Sept. 28, 2021. Kevin Dietsch | Bloomberg | Getty Images Sen. Elizabeth Warren, D-Mass., and three other Democratic lawmakers are pushing
Talk about confidence in Sixth Avenue! While some Midtown restaurateurs claim they’re struggling, Del Frisco’s Double Eagle Steakhouse — a three-level, 25,000 square-foot jumbo at 1221 Sixth Ave. — just renewed its lease with long-time landlord Rockefeller Group for 20 more years. The 2.6 million square-feet office tower above the steakhouse is more than 99 percent leased while
“Vanderpump Rules” star Ariana Madix is finding herself trapped in the love nest she once shared with her ex-boyfriend Tom Sandoval. The Post has learned that Madix, 38, is facing at least four more months under the same roof as Sandoval, 40, thanks to a legal tangle over the Los Angeles property they purchased together
The multimillion-dollar price tag on this windowless shack outside Kansas City, Missouri is inexplicable — until you see what lies underground. In the 500-person town of Polo, a peculiar property has grabbed the internet’s attention with its unassuming above-ground appearance and the extensive doomsday shelter below. “This is the most unique property in Missouri,” Colleen
A hedge fund manager turned novelist is listing his Vero Beach, Florida, property for $21.75 million — after buying it for $8 million in April 2021. Jay Newman, who was named one of “the most powerful New Yorkers you’ve never heard of” by New York magazine is also the author of “Undermoney,” a financial thriller
An artwork juxtaposing Chinese yuan cash bills with the China’s flag Javier Ghersi | Moment | Getty Images China’s financial institutions should provide strong support to the country’s beleaguered real estate sector and not “blindly withdraw” financing for projects facing difficulties, according to a senior Chinese financial regulatory official. His strongly worded comments follow the
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