Housing or oil prices: Which is the Fed’s biggest problem?

📆 9/19/2023 7:23 PM
📰 YahooFinanceCA

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After last month’s FOMC meeting, Fed Chair Jerome Powell assured the public that regulators will be taking a careful data-dependent approach to interest rates. With the U.S. housing market in a less-than-ideal situation — home constructions falling to their lowest levels since 2020 — oil prices are also shooting higher. A big question remains: Will oil prices or the housing market be the Fed’s biggest hurdle? American Banker Staff Writer Kyle Campbell joins Yahoo Finance Live to settle the debate, contrasting the volatile nature of oil prices and the overall affordability crisis affecting consumers’ ability to buy a home under higher interest rates. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

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Billy Miller’s mother is setting the record straight about the circumstances surrounding her son’s tragic death. As we reported Sunday, the Daytime Emmy-winning Young and the Restless and General Hospital actor died on Sept. 15 following a lengthy battle with bipolar disorder. He was 43.

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