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 ...
Tag: Economy
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 ...
Jamie Dimon warns high inflation could push rates above 4.5%
JPMorgan Chase Chief Executive Officer Jamie Dimon on Thursday warned that persistent and elevated inflation could spur interest rates to rise higher than ...
Social Security gets 8.7% increase — highest since 1981
Social Security gets 8.7% increase -- highest since 1981 Breaking News Click to close
Jobless claims rise, but labor market remains tight
Jobless claims rise, but labor market remains tight Breaking News Click to close
CNBC’s Jim Cramer rips ‘clowns’ who bought stocks before inflation report
CNBC personality Jim Cramer shredded investors who bought stocks ahead of a hotter-than-expected September inflation report that immediately fueled a ...
Fed determined to tame ‘unacceptably high’ inflation: minutes
Federal Reserve officials at their last meeting stressed their commitment to taming “unacceptably high” inflation before announcing that they were ...
Mortgage rates hit highest level in 16 years
The average interest rate on the most popular home loan rose to its highest level since 2006 as the housing ...
Wholesale inflation higher than expected in September
Inflation at the wholesale level rose 8.5% in September from a year earlier, the third straight decline though costs remain at painfully ...
Top economist Mohamed El-Erian says US economy ‘on bumpy journey to better destination’
Economist Mohamed El-Erian said Sunday that despite the recent market volatility, the US economy is “on a bumpy journey to a better ...
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