Text size Expectations for future rate hikes changed, hinging largely on two sentences from Federal Reserve Chairman Jerome Powell’s news conference. Ting Shen/Bloomberg Stocks rallied this past week as investors bet that the Federal Reserve has reached peak hawkishness. That’s wishful thinking. The Dow Jones Industrial Average rose 3%, the S&P 500 index added 4.3%, ...

The housing market may be slowing down, but owning a home is still a costly proposition. Two charts reveal exactly how expensive it is. Just over a year ago, the monthly cost of owning and renting were practically identical, according to a blog post from John Burns Real Estate Consulting. “Now, owning a home costs ...