Tag: Federal Reserve
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...
U.S. employers add a surprisingly strong 115K jobs in April
WASHINGTON (AP) – America’s employers a delivered a surprising 115,000 new jobs last month despite an economic shock from the Iran war.
Hiring was better...
U.S. long-term mortgage rate bounce back to levels seen 4 weeks...
The average long-term U.S. mortgage rate rose again this week, reflecting ongoing bond market volatility as surging oil prices due to the war with...
Federal Reserve keeps key interest rate unchanged
WASHINGTON (AP) – The Federal Reserve left its benchmark interest rate unchanged for the third straight meeting but signaled it could still cut rates...
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