Mortgage rates top 7% for the first time in 20 years
The average long-term mortgage rate topped 7% for the first time in more than two decades this week, a result ...
Tag: Economy
US GDP grew 2.6% in third quarter after decline
The US economy grew at a 2.6% annual rate from July through September, snapping two straight quarters of contraction and ...
Jobless claims edge up but still remain historically low
Slightly more Americans applied for unemployment benefits last week as the labor market remains one of the healthiest parts of ...
MSNBC’s Ali Velshi claims ‘great inflation myth’ is GOP tactic to slam Biden
MSNBC anchor Ali Velshi argued that Republicans have created a “great inflation myth” to falsely paint President Biden and other ...
Most economists say US already in recession or could be soon: survey
Most economists say US already in recession or could be soon: survey Breaking News Click to close
Why mortgage rates could hit 10% by early 2023: expert
Why mortgage rates could hit 10% by early 2023: expert Breaking News Click to close
Jobless claims fell unexpectedly in still-tight labor market
The number of Americans filing new claims for unemployment benefits fell unexpectedly by 12,000 last week, indicating the labor market remains tight even as ...
Housing starts tumble more than expected in September
US homebuilding fell more than expected in September, led by a 13.1% decline in multi-unit projects, according to Census Bureau data ...
Home asking prices tumble at record pace as mortgage rates surge
Home sellers are slashing their asking prices at a record clip as surging mortgage rates drive a downturn in the ...
Jeremy Siegel warns Fed risks causing ‘depression’ by using core inflation to set policy
The Federal Reserve risks causing an economic “depression” if it relies on core inflation readings to determine when it should ...
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