Tag: Federal Reserve
Federal Reserve keeps rates steady, officials divided on hikes this year
WASHINGTON (AP) – The Federal Reserve kept its key rate unchanged Wednesday yet almost half the central bank’s policymakers said they could support a...
All eyes turn to Fed chair Kevin Warsh and his first...
WASHINGTON (AP) – Ever since Kevin Warsh was nominated by President Donald Trump in late January to lead the Federal Reserve, a question has lingered: Will he...
Average U.S. long-term mortgage rate rises to 6.52%
The average long-term U.S. mortgage rate ticked up this week to just below its high for the year, the latest sign that borrowing costs...
U.S. producer prices rose 6.5% in May on higher energy prices,...
WASHINGTON (AP) – U.S. producer prices climbed last month at the fastest pace since November 2022, fueled by a surge in energy prices after...
Inflation rises to a 3-year high on spiking gas prices, highlighting...
WASHINGTON (AP) – Rising gas prices pushed inflation to its highest level in three years last month, a headache for the Federal Reserve and...
Employers added 172K jobs last month as U.S. job market shows...
WASHINGTON (AP) – The American job market continues to show surprising strength, shrugging off the high costs of the Iran war.
Employers added 172,000 jobs...
Average U.S. long-term mortgage rate falls to 6.48%
The average long-term U.S. mortgage rate eased this week from its highest level in nine months, welcome relief for prospective homebuyers.
The benchmark 30-year fixed...
Key inflation gauge worsens as Americans’ income and spending power erodes
WASHINGTON (AP) – A key inflation gauge accelerated in April to the highest level in three years, squeezing Americans' finances and creating political challenges...
Consumer confidence dented with higher gas prices, inflation
WASHINGTON (AP) – U.S. consumer confidence declined slightly this month as gas prices stayed high and inflation remained elevated, a sharp contrast to soaring...
Average U.S. long-term mortgage rate climbs to highest level in nearly...
The average long-term U.S. mortgage rate climbed this week to its highest level in nearly nine months, driving up borrowing costs for homebuyers during...
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