History tells us a gradual rise in interest rates won't likely deter homebuyers.
FORTUNE – U.S. Federal Reserve Chairman Ben Bernanke's speech Wednesday will likely push mortgage rates higher in the coming months. The central bank isn't going to raise interest rates soon, he assured, but if the economy continues improving the way it has, it will consider trimming its monthly bond purchases from the current level of $85 billion by the MORENin-Hai Tseng, Writer - Jun 20, 2013 10:36 AM ET
The amount of money banks have at the Fed recently reached 13 digits, for the first time ever.
FORTUNE -- U.S. banks now have $1 trillion at the Federal Reserve. It's far more than they have ever had before, and it could be a big problem.
And it's a new one. Before the financial crisis, the amount of cash banks kept idle at the Fed rarely topped $25 billion, which in terms MOREStephen Gandel, senior editor - Jun 12, 2013 9:47 AM ET
The market might have loved the number, but that doesn't mean we should.
FORTUNE -- Good, but not too good. That's what the market wanted, and that's what it got.
In May, U.S. employers had 175,000 more workers on their payrolls than they did the month before. That made May the fourth-best job month for hiring out of the past eight. Any signs that we are headed toward a double dip recession MOREStephen Gandel, senior editor - Jun 7, 2013 12:25 PM ET
At Fortune's Global Forum, JPMorgan's CEO said markets will be "scary" until a normal interest rate environment returns.
By Megan Barnett
FORTUNE -- It's going to be scary out there in the markets until we reach a more normal interest rate environment. That was the message delivered by JPMorgan (JPM) CEO Jamie Dimon to delegates at the Fortune Global Forum in Chengdu, China on Thursday.
"It's a different world when central banks are MOREJun 6, 2013 5:15 AM ET
A new study points to higher homeownership as the reason the unemployed aren't finding work.
FORTUNE -- For the past few years, economists have been waiting for the housing market to rebound so the job market can finally -- crash? Wait, no. It's the opposite. Right?
On Friday, we'll get the latest look at how the job market is doing. Hiring is improving, but the unemployment rate has stayed stubbornly high. The MOREStephen Gandel, senior editor - Jun 4, 2013 10:31 AM ET
As bad as things are -- especially for the poor, the young, the unemployed, and other vulnerable segments of the economy -- things need to get worse to overcome the enormous active inertia that is now embedded in the political systems and institutions.
By Mohamed El-Erian
FORTUNE -- In Happy Feet, one of my 9-year-old daughter's favorite movies a few years ago, a young penguin (Mumble) takes on the colony's wise MOREMay 13, 2013 9:04 AM ET
Don't believe the Heritage Foundation's $6.3 trillion assumption.
FORTUNE -- As U.S. lawmakers debate a Senate bill this week on far-reaching immigration legislation, it feels a little like 2007 all over again.
That was the last time Washington took up the biggest changes in America's immigration laws in more than 20 years. Negotiations quickly broke down, however, as lawmakers were deeply split on the Senate bill offering legal status to millions of MORENin-Hai Tseng, Writer - May 8, 2013 12:20 PM ET
Friday's virtuous news cycle needs to continue if the U.S. economy is to overcome headwinds from Congressional dysfunction and Europe's malaise.
By Mohamed El-Erian
FORTUNE -- Most newscasts led their Friday evening shows with the record highs for the stock market and a monthly jobs report that exceeded expectations. Both bits of good news speak to an economy that continues to heal gradually. The question now, and it is an important MOREMay 6, 2013 6:45 AM ET
A new study debunks the theory that money doesn't make you any happier once you've passed a certain income threshold.
FORTUNE – They say money can't buy happiness, but a new study suggests it actually can. In fact, the more money you have, the happier you are.
That might sound obvious to some people, but studies have historically shown there's more to happiness than money. In the 1970s, economist Richard Easterlin argued MORENin-Hai Tseng, Writer - May 1, 2013 10:38 AM ET
Recent economic data suggests that another spring slowdown is upon us, as we've had the past three years. But it may not be real at all.
FORTUNE – When Wall Street learned Friday that the U.S. economy grew slower than expected during the start of the year, it renewed talk that we may be in for another "spring slump," if not a "spring swoon."
Whatever you call it, a slowdown in the MORENin-Hai Tseng, Writer - Apr 29, 2013 5:00 AM ET
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