Tag: inflation
Retail sales up a modest 0.2% in June
NEW YORK (AP) – Shoppers slowed their spending in June from May amid continuing economic uncertainty and fading benefits from generous government tax refunds.
Retail...
Inflation cools more than expected in June
WASHINGTON (AP) – U.S. inflation cooled last month as the cost of gas, clothes, and used cars fell, providing some relief to consumers, while...
Average 30-year U.S. mortgage rate rises to 6.49%
The average long-term U.S. mortgage rate drew closer this week to 6.5%, pushing up borrowing costs for prospective homebuyers.
The benchmark 30-year fixed rate mortgage...
U.S. hiring falls to just 57K in June amid elevated inflation,...
WASHINGTON (AP) – U.S. employers pulled back on hiring last month and added only 57,000 jobs, less than half the previous month’s total and...
Key inflation gauge jumps to 3-year high in latest sign of...
WASHINGTON (AP) – The Federal Reserve’s preferred inflation gauge rose to a new three-year high in May as gas prices peaked, a sign rising...
The Fed can do very little about high mortgage rates
The 30-year mortgage rate has been stuck at recent highs well above 6%, and pricey mortgages have been weighing on the housing market more...
R.I.’s single-family home price falls for first time since 2017, to...
WARWICK – The median sale price of single-family homes in Rhode Island dropped for the first time in nine years, to $500,000 in May,...
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...
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...
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