Tag: Federal Reserve
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...
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...
Average U.S. long-term mortgage rate dips to where it was 3...
The average long-term U.S. mortgage rate is holding at just above 6% after reversing a modest uptick in recent weeks just as the housing...
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...
U.S. weekly applications for jobless benefits jump by 22,000, the most...
WASHINGTON (AP) – The number of Americans applying for unemployment benefits jumped last week but remains in the same historically low range of the...
U.S. producer prices rose 0.5% in December, more than expected, on...
WASHINGTON (AP) – U.S. wholesale prices rose a hotter-than-expected 0.5% in December.
The Labor Department reported Friday that its producer price index – which measures inflation before it hits...
CLOUD COVER: PBN survey: Most R.I. businesses bracing for rough times...
When it comes to the economy, Brenda Jacob has a laundry list of challenges that don’t seem to be getting easier.
She feels like regulations,...
Average U.S. long-term mortgage rate ticks higher to 6.1%
The average long-term U.S. mortgage rate edged up for the second week in a row, but remains just above its lowest level in more...
Federal Reserve keeps interest rates unchanged
WASHINGTON (AP) – The Federal Reserve pushed the pause button on its interest rate cuts Wednesday, leaving its key rate unchanged at about 3.6%...
- Featured Event -
