Tag: inflation
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...
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...
Food costs are high; will relief ever come?
From tomatoes and berries to lettuce and peppers, shoppers are feeling sticker shock in the produce aisle.
Recent headlines have focused in particular on soaring...
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...
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...
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