Imagine saving for years to buy your dream house, only to have surging property insurance costs keep homeownership forever out of reach. This is a common problem in Florida, where average insurance premiums cost homeowners an eye-watering US$6,000 a year. That’s more than triple the national average and about three times what Floridians paid on […]
Fed rate hikes, recession fears and political backlash leave ESG investors at a crossroads
The Federal Reserve raised interest rates again on May 3, 2023, by a quarter point, making it the Fed’s 10th rate hike since March 2022 in an ongoing fight to tame inflation. These rate hikes have been reverberating through the economy, raising prospects of a recession amid heightened concerns about the fragile state of banks. […]