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high interest rates

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office

Nation Feb 20

Low demand for commercial office space fuels economic fears

By Paul Solman, Ryan Connelly Holmes

Nation Nov 07

WeWork offices in San Francisco
WeWork files for bankruptcy in stunning turn for company once valued at nearly $50 billion

WeWork has filed for Chapter 11 bankruptcy protection, marking a stunning but anticipated fall for the office sharing company once seen as a Wall Street darling that promised to upend the way people went to work around the world.

By Wyatte Grantham-Philips, Associated Press

Economy Sep 26

Washing machines, dryers and other appliances are seen for sale at a Lowe's home improvement store in Washington, DC, September 27, 2018, Photo by SAUL LOEB/AFP via Getty Images
U.S. consumer confidence falls in September as American anxiety about the future grows

The American consumer is feeling less confident this month, particularly about the future, as expectations persist that interest rates will remain elevated for an extended period.

By Matt Ott, Associated Press

Economy Jul 27

People shop in a supermarket as inflation affected consumer prices in Manhattan, New York City, U.S., June 10, 2022. Photo by Andrew Kelly/REUTERS
How a ‘rolling recession’ or a ‘richcession’ could spare the rest of the economy from a downturn

The latest snapshot of the economy coincides with rising sentiment that it may achieve an elusive "soft landing." Analysts point to two trends that might help stave off an economic contraction.

By Christopher Rugaber, Associated Press

Politics Jul 24

The U.S. Federal Reserve building in Washington, D.C. Photo by Jason Reed/Reuters
Federal Reserve officials meet as central bank aims for ‘soft landing’ 

After the Fed began aggressively raising borrowing costs early last year, most economists predicted it would send the economy crashing. Yet even though the Fed is poised to raise its key rate on Wednesday for the 11th time since March…

By Christopher Rugaber, Associated Press

May 02

U.S. job openings dip to 9.6 million as interest rates cool labor market

By Paul Wiseman, Associated Press

U.S. job openings fell in March to the lowest level in nearly two years, a sign that the American labor market is cooling in the face of higher interest rates.

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Sep 21

Watch 4:51
As Fed raises interest rates to combat inflation, central banks around the world follow

By Paul Solman

The Federal Reserve raised interest rates once again, adding to the sharpest series of hikes since the 1980s. So far, the Fed has increased rates by three points this year and Chair Jerome Powell says there's more to come. Other…

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Sep 21

WATCH: Fed raises key interest rate by three-quarters of a point

By Christopher Rugaber, Associated Press

The Fed’s move boosted its benchmark short-term rate, which affects many consumer and business loans, to a range of 3 percent to 3.25 percent, the highest level since early 2008.

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May 04

How higher Federal Reserve rates stand to affect Americans’ finances

By Christopher Rugaber, Associated Press

Economists foresee the fastest pace of rate increases since 1989. The result could be much higher borrowing costs for households well into the future as the Fed fights the most painfully high inflation in four decades.

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Mar 16

How will higher interest rates affect American finances?

By Christopher Rugaber, Associated Press

Americans who have long enjoyed the benefits of historically low interest rates will have to adapt to a very different environment as the Federal Reserve embarks on a period of rate hikes to fight inflation.

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