Tag: inflation
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...
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...
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...
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...
U.S. consumer confidence inches higher in April despite Iran war, soaring...
WASHINGTON (AP) – U.S. consumer confidence rose modestly in April despite growing anxiety over soaring energy prices brought on by the war in Iran.
The...
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