Megan Henney
Fox Business
New York, NY, United States
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Recent articles by Megan:
UN urges Fed to pause interest rate hikes on global recession fears
The United Nations on Monday warned that the Federal Reserve could drag the global economy into a recession with its rate-hike campaign design to crush inflation. → Read More
US home prices drop at fastest pace since 2009
High inflation and rising borrowing costs have proven to be a lethal combination for the housing market, forcing potential buyers to pull back on spending. → Read More
Fed's Brainard warns restrictive interest rates may be needed 'for some time'
Federal Reserve Vice Chair Lael Brainard warned Friday that central bank policymakers will need to raise interest rates higher and keep them elevated for some time to fight inflation. → Read More
Fed's preferred inflation gauge accelerated more than expected in August
A key measure of inflation that is closely monitored by the Federal Reserve rose faster than expected in August as prices remain near a four-decade high. → Read More
US stock market is tanking, but some experts say it's time to buy the dip
Wells Fargo strategists said this week that the stock market has dropped enough to price in bad news, making it an opportune time for investors to buy. → Read More
Jobless claims unexpectedly drop to lowest level in 5 months
Applications for unemployment insurance fell again last week, indicating that employers are still avoiding layoffs in the historically tight labor market. → Read More
Final GDP reading shows US economy shrank 0.6% in the spring, cementing start of recession
The Commerce Department said its final reading of second quarter gross domestic product data on Thursday shows the economy shrank 0.6% in the spring, indicating the start of a recession. → Read More
Final GDP reading likely to confirm US economy entered a recession in the spring
The Commerce Department will release the third and final estimate of Q2 GDP on Thursday, providing evidence over whether the economy is in a recession. → Read More
Fed officials warn of additional interest rate hikes to fight inflation
Several Federal Reserve officials this week endorsed additional interest rate hikes as the central bank tries to bring inflation under control by slowing the U.S. economy. → Read More
Stanley Druckenmiller sees high chance of recession in 2023: 'We are in deep trouble'
Duquense Family Office CEO Stanley Druckenmiller is anticipating a recession next year, warning that the economic downturn could be "really bad," as the Federal Reserve tightens monetary policy with continued interest rate increases → Read More
Pending home sales tumble 24% in August, falling for third straight month
Sales of previously owned homes tumbled in August as home ownership became increasingly unaffordable for many prospective buyers thanks to higher mortgage rates. → Read More
Mortgage rates could soon top 7% as Fed fights inflation
The Federal Reserve's fight against inflation and a housing shortage could send mortgage rates soaring above 7%, according to Bank of America economists. → Read More
Larry Summers slams UK tax cuts as 'utterly irresponsible,' warns of global crisis
The British government's sweeping package of tax cuts has damaged the nation's credibility as an economic superpower, Treasury Secretary Larry Summers said. → Read More
US new home sales unexpectedly surge in August
New single-family home purchases surged nearly 29% in August from the previous year, jumping more than expected as homebuyers tried to lock in lower mortgage rates. → Read More
US home price growth cooled in July at fastest pace since 1980s
Home prices in July climbed 15.8 compared with the same month one year ago, a sign that steeper borrowing costs may be starting to cool the housing market. → Read More
The Fed's war on inflation could cost the US economy 1M jobs
The Federal Reserve would eliminate at least 1 million jobs as it tries to rein in runaway inflation with the most aggressive interest rate hikes in decades. → Read More
Bond market crash foreshadows new lows for US stock market, BofA warns
The bond market is crashing as the Federal Reserve hikes interest rates to combat inflation, a warning sign for the U.S. stock market, according to Bank of America. → Read More
Biden's new minimum tax could hit Amazon, Berkshire Hathaway the hardest, study shows
The book minimum tax in Democrats' Inflation Reduction Act could hit just 78 companies, with the largest burden borne by online retailer Amazon and Warren Buffett's Berkshire Hathaway. → Read More
Investor sentiment 'unquestionably' at worst level since 2008 financial crisis: BofA
U.S. investor sentiment has dropped to its lowest level since the 2008 financial crisis as the Federal Reserve raises interest rates, according to Goldman Sachs analysts. → Read More
Goldman Sachs slashes S&P 500 target by 16% as Fed ramps up inflation fight
The Federal Reserve will continue to rattle markets this year with its rate hike path, according to Goldman Sachs, which sees the S&P ending the year at 3,600 points. → Read More