Federal Reserve Chairman Jerome PowellKevin Dietsch/Getty Images Despite the likely end of Fed rate hikes, corporate defaults will rise next year, Fitch Ratings says. The central bank will lower interest rates by 75 basis points, the rating agency predicts. Meanwhile, slower economic growth will push high-yield bond defaults to 5.0%-5.5%. Corporate defaults will rise next […]
(Left) Kevin Dietsch/Getty Images, (Right) Getty Images Home prices may pick up speed after the Fed cuts rates next year, according to Fitch. The ratings agency see prices rising as much as 3% next year and up to 4% in 2025. That would come after the Fed is expected to cut rates by 75 basis […]
It’s not just the rent that’s too damn high—so are home prices, according to a major ratings agency. But the economic landscape this year means that’s unlikely to change soon. National home prices were 9.4% “overvalued”—meaning their price does not align with the property’s actual value—in the second quarter of this year, according to a […]