Tag: interest rates
Average long-term U.S. mortgage rate climbs above 7% to highest level...
LOS ANGELES (AP) – Prospective homebuyers are facing higher costs to finance a home with the average long-term U.S. mortgage rate moving above 7%...
Bank of America’s Q1 profits fall 18% on higher expenses, charge-offs
NEW YORK (AP) – Bank of America Corp. said on Tuesday its first-quarter profits fell 18%, as the bank dealt with rising expenses due...
U.S. producer prices rose 2.1% from last year, most since April,...
WASHINGTON (AP) – U.S. producer prices rose in March from a year earlier at the fastest pace in nearly a year, but the gain...
Federal Reserve minutes: Some officials highlight worsening inflation last month
WASHINGTON (AP) – Some Federal Reserve policymakers argued at their most recent meeting in March that inflation was likely worsening, even before the government...
Higher gas and rents keep U.S. inflation elevated, likely delaying Fed...
WASHINGTON (AP) – Consumer inflation remained persistently high last month, boosted by gas, rents, auto insurance and other items, the government said Wednesday in...
U.S. applications for jobless benefits rise to highest level in two...
The number of Americans applying for jobless benefits rose to their highest level in two months last week, but layoffs remain at historically low...
Average long-term U.S. mortgage rate falls slightly, easing borrowing costs for...
LOS ANGELES (AP) – The average long-term U.S. mortgage rate fell slightly this week, welcome news for home shoppers facing rising prices and a...
Federal Reserve keeps key rate unchanged, still foresees 3 rate cuts...
WASHINGTON (AP) – Federal Reserve officials signaled Wednesday that they still expect to cut their key interest rate three times in 2024 despite signs...
Federal Reserve is likely to preach patience as consumers, markets look...
WASHINGTON (AP) – Across the United States, many people are eagerly anticipating the Federal Reserve's first cut to its benchmark interest rate this year: Prospective...
Fed’s Powell: Rate cuts likely this year, but more evidence is...
WASHINGTON (AP) – Chair Jerome Powell reinforced his belief Wednesday that the Federal Reserve will cut its key interest rate this year but that...
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