Tag: Federal Reserve
Average rate on a 30-year mortgage climbs to highest level in...
Mortgage rates rose again this week, driving the average long-term U.S. home loan rate to its highest level in more than a year.
The benchmark...
Fed Chair Warsh signals rate hikes may be needed with inflation...
JACKSON HOLE, Wyo. (AP) – Federal Reserve Chair Kevin Warsh said Friday that inflation is still too high and suggested the central bank may...
Mortgage rates rise back to 6.66%
Mortgage rates ticked higher this week, nudging the average long-term U.S. home loan rate closer to its recent high for the year.
The benchmark 30-year...
U.S. consumer confidence falls to lowest level in 7 months with...
WASHINGTON (AP) – Americans’ confidence in the economy declined again this month as the ongoing conflict in Iran continued to push U.S. gasoline prices...
Banks adjust as borrowing costs climb
In early 2022, Rhode Island’s banks were still operating in an environment defined by abundant liquidity and historically low interest rates.
COVID-19 pandemic-era stimulus programs...
Wholesale price inflation slows last month as gas, food costs fall
WASHINGTON (AP) – Wholesale inflation dropped last month as gas prices reversed some of their Iran war spike and other costs also cooled, a sign...
Inflation cooled last month as gas prices fell, though costs remain...
WASHINGTON (AP) – U.S. inflation slowed last month and a measure of underlying price pressures also cooled, suggesting higher oil and gas prices from the...
Mortgage rates rise for 5th straight week
CHICAGO (AP) – The average long-term U.S. mortgage rate rose for a fifth consecutive week to its highest level in just over a year,...
U.S. economy grows a sluggish 1.5% in Q2 with inflation remaining...
WASHINGTON (AP) – The U.S. economy expanded at a sluggish 1.5% pace from April through June as rising imports weighed on growth. But consumer spending rose. And...
The Fed leaves interest rate unchanged; hike expected in September
WASHINGTON (AP) – The Federal Reserve left its key interest rate unchanged Wednesday despite persistently high inflation and a spike in energy prices caused...
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