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Banking & Finance / Government & Politics / Investments / Real Estate

Fed Sees Some Progress on Inflation but Envisions Just One Rate Cut This Year

The policymakers' forecast for one rate cut was down from their previous projection of three cuts, because inflation, despite having cooled in the past two months, remains persistently above their target level. read more >
Banking & Finance

Borrowers, Especially The Young, Struggle With Credit Card Debt in Potentially Bad Sign for Economy

The share of credit card debt that's more than 90 days overdue rose to 10.7% during the first quarter, a 14-year high. read more >
Banking & Finance / Government & Politics / Investments

Federal Reserve Minutes: Policymakers Saw A Longer Path To Rate Cuts

Many officials noted that they were uncertain how restrictive the Fed's rate policies are, the minutes said. That suggests that it wasn't clear to the policymakers whether they were doing enough to restrain price growth. read more >
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US Inflation Eased Last Month in The First Slowdown of 2024

Consumer prices rose 0.3% from March to April, the Labor Department said Wednesday, down slightly from 0.4% the previous month. read more >
Banking & Finance / Government & Politics / Investments / Real Estate

Are US Interest Rates High Enough to Beat Inflation? The Fed Will Take Its Time to Find Out

Higher-for-longer borrowing costs are sure to disappoint many, from Americans hoping for lower mortgage rates before buying a home, to Wall Street traders eagerly awaiting a cut. read more >
Government & Politics / Investments / Real Estate / Tourism

Affluent Americans are Driving US Economy and Likely Delaying Need for Fed Rate Cuts

The so-called “wealth effect," whereby rising home and stock values give people confidence to increase their spending, is a big reason why the economy has defied expectations of a sharp slowdown. read more >
A sign advertising open positions at a Taco John's restaurant in Cheyenne, Wyoming
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US Employers Scaled Back Hiring in April, Which Could Let The Fed Cut Interest Rates

Friday’s government report showed that last month’s hiring gain was down sharply from the blockbuster increase of 315,000 in March. read more >
Banking & Finance / Construction / Government & Politics / Investments / Manufacturing / Retail / Small Business

US Growth Slowed Sharply Last Quarter to 1.6% Pace as High Rates Pressured Economy

Last quarter's GDP snapped a streak of six straight quarters of at least 2% annual growth. The 1.6% rate of expansion was also the slowest since the economy actually shrank in the first and second quarters of 2022. read more >
Banking & Finance / Government & Politics / Investments / Real Estate

A Top Fed Official Opens Door to Keeping Rates High for Longer

Federal Reserve Vice Chair Philip Jefferson suggested Tuesday that the central bank's key rate may have to remain at its peak for a while to bring down persistently elevated inflation. read more >
Banking & Finance / Real Estate

Homebuyers’ Quandary: To Wait or Not To Wait for Lower Mortgage Rates

While an average rate on a 30-year home loan of just under 7% is not far from the historical average, that’s little consolation to homebuyers. read more >
Banking & Finance / Government & Politics / Investments

Federal Reserve Minutes: Some Officials Highlighted Worsening Inflation Last Month

Still, almost all the officials, according to the minutes, favored cutting their benchmark rate at some point this year. read more >
Banking & Finance / Energy / Government & Politics / Insurance / Real Estate / Transportation

Higher Gas and Rents Keep US Inflation Elevated, Likely Delaying Fed Rate Cuts

The costs of owning a vehicle were a key reason why prices jumped last month: Auto insurance surged 2.6% in March and are up a dramatic 22% from a year ago. read more >
Banking & Finance / Construction / Education / Government & Politics / Health Care / Restaurants & Food / Tourism

Another Month of Robust US Job Growth Points to Continued Economic Strength

Friday’s report from the Labor Department also showed that the unemployment rate dipped from 3.9% to 3.8%. read more >
Banking & Finance / Real Estate

Average Long-Term US Mortgage Rate Rises Modestly This Week, Holding Just Below 7%

LOS ANGELES (AP) — The average long-term U.S. mortgage rate rose modestly this week, holding below 7% as it has for much of this year. The average rate on a […] read more >
Banking & Finance / Government & Politics / Investments

Powell: Fed Still Sees Rate Cuts This Year; Election Timing Won’t Affect Decision

“The recent data do not ... materially change the overall picture,” Powell said in a speech at Stanford University. read more >
Banking & Finance / Government & Politics / Investments

Powell Says Fed Wants to See ‘More Good Inflation Readings’ Before it Can Cut Rates

Speaking at a conference at the Federal Reserve Bank of San Francisco, he said he still expected "inflation to come down on a sometimes bumpy path to 2%.'' read more >
Banking & Finance / Government & Politics / Manufacturing

US Economic Growth for Last Quarter is Revised Up to a Healthy 3.4%

It marked the sixth straight quarter in which the economy has grown at an annual rate above 2%. read more >
Real Estate

February Home Sales Hit Strongest Pace in a Year

The pickup in sales helped push up home prices compared with a year earlier for the eighth month in a row. read more >
A residential development in northwest Arkansas 
Construction / Real Estate

Skyline Report: Northwest Arkansas Home Sales Down, Inventory Up

New construction accounted for 39.9% of the homes sold in the second half of 2023, the highest percentage the report has found. read more >
Banking & Finance / Real Estate

Average Long-Term US Mortgage Rate Declines to Levels Last Seen in Early February

Despite the choppy trajectory in mortgage rates this year, the average rate on a 30-year home loan is still down from the 23-year high of 7.79% it reached in late October. read more >