Tag: interest rates
Average long-term U.S., mortgage rate falls to lowest level in 5...
LOS ANGELES (AP) – The average rate on a long-term U.S. home loan is down to the lowest level in five weeks, welcome news for...
Fed raises key rate but hints it may pause amid bank...
WASHINGTON (AP) – The Federal Reserve reinforced its fight against high inflation Wednesday by raising its key interest rate by a quarter-point to the...
U.S. job openings dip to 9.6 million, lowest since 2021
WASHINGTON (AP) – U.S. job openings fell in March to the lowest level in nearly two years, a sign that the American labor market...
Fed is set to raise rates yet again. After that, then...
WASHINGTON (AP) – The Federal Reserve is on track to raise its benchmark interest rate for the 10th time on Wednesday, the latest step...
Key inflation gauge tracked by Fed remained high in March
WASHINGTON (AP) – A key index of underlying inflation that is closely followed by the Federal Reserve remained elevated last month, keeping the Fed...
U.S. economy grew at weak 1.1% rate in Q1 in sign...
WASHINGTON (AP) – The U.S. economy slowed sharply from January through March, decelerating to just a 1.1% annual pace as higher interest rates hammered...
U.S. unemployment claims tick up to 245K, but still low
WASHINGTON (AP) – The number of Americans applying for unemployment benefits rose last week but remains low by historic standards.
U.S. jobless claims rose by...
Bank of America profits grow 15% in Q1, avoids industry crisis
NEW YORK (AP) – Bank of America Corp. said its profits grew 15% last quarter, the latest of the big banks to do exceptionally...
U.S. wholesale inflation pressures eased sharply last month
WASHINGTON (AP) – U.S. wholesale prices fell in March, a sign that inflationary pressures in the economy are easing more than a year after...
Inflation slows but stays high enough for Fed to hike again
WASHINGTON (AP) – U.S. consumer inflation eased in March, with less expensive gas and lower food prices providing some relief to households that have...
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