Tag: interest rates
Average long-term mortgage rate at lowest level in 4 months
The average long-term U.S. mortgage rate fell to its lowest level in more than four months, giving some relief to homebuyers faced with higher...
U.S. hiring stays brisk as employers add 223,000 jobs
WASHINGTON (AP) – America's employers added a solid 223,000 jobs in December, evidence that the economy remains healthy yet also a sign that the...
U.S. jobless claim applications fall to lowest in 14 weeks
WASHINGTON (AP) – The number of Americans applying for jobless benefits fell to the lowest level in more than three months last week, reflecting...
Fed raises key rate by half-point and signals more to come
WASHINGTON (AP) – The Federal Reserve reinforced its inflation fight Wednesday by raising its key interest rate for the seventh time this year and...
CoreLogic: R.I. home price index up 10.4% Y/Y in October
PROVIDENCE – The Rhode Island home price index increased 10.4% year over year in October, slightly higher than the national growth rate of 10.1%,...
U.S. revises last quarter’s economic growth up to 2.9%
WASHINGTON (AP) – Despite high interest rates and chronic inflation, the U.S. economy grew at a 2.9% annual rate from July through September, the...
Will the Fed’s moves spark twin economic threats?
There is wide agreement among economists and market observers that the Federal Reserve’s aggressive interest rate hikes will cause economic growth to grind to...
Job openings hit 10.7M despite Fed attempts to cool economy
WASHINGTON (AP) – U.S. job openings rose unexpectedly in September, suggesting that the American labor market is not cooling as fast as the inflation...
Fed attacks inflation with another big hike and expects more
WASHINGTON (AP) – Intensifying its fight against high inflation, the Federal Reserve raised its key interest rate Wednesday by a substantial three-quarters of a...
How much ‘pain’? Fed to signal more rate hikes ahead
WASHINGTON (AP) – Federal Reserve Chair Jerome Powell bluntly warned in a speech last month that the Fed's drive to curb inflation by aggressively...
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