Megan Henney
Fox Business
New York, NY, United States
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Recent articles by Megan:
Americans struggling to make car payments is highest since Great Recession
Car repossessions are on the rise as more consumers fall behind on their payments amid an inflation crisis that has squeezed millions of U.S. households. → Read More
Pending home sales increase for first time in 7 months in December
The housing market is beginning to recover from a recent low as mortgage rates fall from a record high, evidenced by an increase in pending home sales. → Read More
Inflation gauge closely watched by the Fed cooled in December, but prices remain high
Inflation showed signs of cooling last month, a welcoming sign for the Federal Reserve as it tries to cool consumer prices with higher interest rates. → Read More
When will US home prices finally stop dropping?
The U.S. housing market will likely bottom out by mid-year, according to Goldman Sachs economists, as mortgage rates continue to decline from a peak of 7%. → Read More
New home sales rise for third straight month as mortgage rates fall
December purchases of new homes rose 2.3% as mortgage rates began to normalize, offering hope the housing market is recovering from the Fed rate hikes. → Read More
US GDP grew at 2.9% pace in fourth quarter as economy cools
The fourth-quarter GDP report shows the U.S. economy finished the year on relatively strong footing, despite high inflation and rising interest rates. → Read More
US housing market shows early signs of recovery as demand rises
Pending home sales climbed 3% in December, evidence the housing market is stirring back to life as mortgage rates continue to fall from a record high. → Read More
Yellen says Treasury will take additional 'extraordinary measures' on debt limit
The U.S. government bumped up against the debt limit last week, prompting the Treasury Department to take emergency measures to avoid a potential default. → Read More
Americans in these states will pay less in taxes this year
At least eleven states are reducing individual income tax cuts for residents this year in response to high revenues as an attempt to stay competitive. → Read More
Business taxes rising just as US economy heads into choppy water
Corporate taxes are rising this year, with the increases likely to cost U.S. businesses about $115 billion even amid an increasingly dark economic outlook. → Read More
New York, California suffer biggest blow as more Americans flee to low-tax states
More Americans migrated to lower-tax, predominantly Republican-led states in 2022, with Texas and Florida seeing the biggest population growth last year. → Read More
More US companies brace for job cuts amid likely recession, survey shows
More American companies expect a decline in payrolls this year as the U.S. economy heads into a possible recession triggered by Fed interest rate hikes. → Read More
Are tech layoffs the canary in the US jobs market?
The U.S. economy will probably see more job cuts in coming months after a wave of layoffs at Big Tech companies including Google, Microsoft and Twitter. → Read More
Existing home sales tumbled in December for 11th straight month, falling to lowest level since 2010
Sales of previously owned homes fell 1.5% in December from the prior month due to higher mortgage rates, according to the National Association of Realtors. → Read More
Larry Summers warns the Fed risks 1970s-style crisis if it pauses inflation fight
The Federal Reserve needs to remain steadfast in its fight against inflation or risk plunging the economy into a 1970s-style crisis, Larry Summers said. → Read More
Fed's Brainard expects interest rates to remain high despite recent inflation decline
High inflation has shown early signs of moderating, giving the Fed the space to slow its interest rate increases, according to vice chair Lael Brainard. → Read More
Jobless claims unexpectedly drop to 190,000, lowest level in four months
Applications for U.S. unemployment benefits tumbled to a four-month low last week even as the Fed tries to slow the economy and cool the labor market. → Read More
US hits debt ceiling, threatening economic outlook
The debt ceiling is the legal limit on the total amount of debt that the federal government can borrow on behalf of the public. Congress last voted in 2021 to lift the debt ceiling. → Read More
Federal Reserve Chairman Jerome Powell tests positive for COVID-19
The Fed announced on Wednesday that its chairman, Jerome Powell, has tested positive for COVID-19 and that the 69-year-old is experiencing "mild symptoms." → Read More
Retail sales tumble 1.1% in December as high inflation squeezes Americans
Americans pulled back on spending at restaurants, bars and other retail stores in December as they confronted high inflation and rising interest rates. → Read More