Tag: Economy
Federal Reserve keeps rates steady, projects 1 rate cut this year
WASHINGTON (AP) – Federal Reserve officials expect the Iran war will worsen inflation this year while having little impact on economic growth, but they still...
U.S. producer prices rose by a surprisingly hot 3.4% last month,...
WASHINGTON (AP) – U.S. wholesale prices came in hotter than expected in February.
The Labor Department reported Wednesday that its producer price index – which...
Dow drops 1,000 points after oil spikes to its highest price...
NEW YORK (AP) – The Dow Jones Industrial Average dropped more than 1,000 points Thursday after the price of oil spiked to its highest level...
U.S. January wholesale prices arrive hotter than expected
WASHINGTON (AP) – U.S. wholesale prices came in hotter than expected last month.
The Labor Department reported Friday that its producer price index, which...
For the first time since 2022, average U.S. long-term mortgage rate...
The average long-term U.S. mortgage rate slipped this week below 6% for the first time since late 2022, good news for home shoppers as...
U.S. trade deficit slipped to $901B last year amid Trump tariffs
WASHINGTON (AP) – The U.S. trade deficit slipped modestly in 2025, a year in which President Donald Trump upended global commerce by slapping double...
Fed minutes: Lower inflation needed before many officials will support rate...
WASHINGTON (AP) – Many Federal Reserve officials want to see inflation fall further before they would support additional interest rate cuts this year, particularly...
Inflation measure dips to nearly five-year low as gas prices fall...
WASHINGTON (AP) – A key measure of inflation fell to nearly a five-year low last month as apartment rental price growth slowed and gas...
CBO: Federal deficits and debt to worsen over next decade
WASHINGTON (AP) – The nonpartisan Congressional Budget Office’s 10-year outlook projects worsening long-term federal deficits and rising debt, driven largely by increased spending, notably on Social...
Retail sales unchanged in December from November, closing out year on...
NEW YORK (AP) – Shoppers pulled back the pace of their spending in December from November, closing out the holiday shopping season and the...
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