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Average long-term U.S. mortgage rate slips to 6.39%

LOS ANGELES (AP) – The average long-term U.S. mortgage rate edged lower this week, a modest boost for homebuyers looking for relief as a...

Is inflation affecting your vacation plans this year?

Prices for gas, food and rent pushed consumer inflation to a new four-decade high in June, according to the U.S. Labor Department. The Associated Press...

Is the Federal Reserve right to focus on taming inflation with...

The Federal Reserve on June 15 took its boldest step yet to tame runaway inflation by raising its key interest rate by three-quarters of...

Fed begins inflation fight with key rate hike, more to come

WASHINGTON (AP) — The Federal Reserve launched a high-risk effort Wednesday to tame the worst inflation since the early 1980s, raising its benchmark short-term...

LIBOR phaseout primer

In July 2017, the head of the UK Financial Conduct Authority recommended a phaseout of the London Interbank Offered Rate by Dec. 31, 2021. LIBOR...
FEDERAL RESERVE Vice Chairman Stanley Fischer said a recent patch of weak economic data likely won’t throw the U.S. central bank off track for two more interest-rate increases this year.

Fed’s Fischer says two more 2017 hikes still feels right

WASHINGTON - Federal Reserve Vice Chairman Stanley Fischer said a recent patch of weak economic data likely won’t throw the U.S. central bank off...
ANALYSTS estimate that net interest income at the largest U.S. banks will jump to $49.1 billion.

In bank earnings season, surprise lurks in rising deposit costs

NEW YORK - When the Federal Reserve raised benchmark interest rates last month, it took North Carolina lender BB&T Corp. less than four minutes to announce...
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