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Dispirited homebuyers show why Fed's unprecedented fight against inflation is beginning to succeed

  • Written by Mark Flannery, Professor of Finance, University of Florida
Dispirited homebuyers show why Fed's unprecedented fight against inflation is beginning to succeedHome sales are slowing as the Fed hikes rates. AP Photo/John Raoux

I’ve studied finance and financial markets since the 1970s, and I have never seen the Federal Reserve’s monetary policy get such prominent news coverage as it has this past year.

And with good reason. What the Fed does has profound implications for companies, consumers...

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