Home sales drop for first time since December amid stiff mortgage rates
The spring homebuying season is off to a sluggish start as home shoppers contend with elevated mortgage rates and rising ...
Tag: Economy
Jerome Powell warns Fed Reserve needs more time to battle stubborn inflation
The run of disappointing data showing stronger-than-expected inflation means the Federal Reserve will likely need more time than previously thought ...
Mortgage rates creep up to 7% as home-buying season begins
The average long-term US mortgage rate rose to its highest level in five weeks, a setback for prospective homebuyers during ...
Fed’s preferred inflation gauge rose 2.8% in February
The core Personal Consumption Expenditure price index — the Federal Reserve’s preferred gauge of inflation — rose 0.3% in February ...
February home sales unexpectedly jump 9.5% to 1-year high
Sales of previously occupied US homes rose in February from the previous month to the strongest pace in a year ...
US retail sales growth in 2024 expected to slow due to high credit costs, inflation
The largest US retail trade group is forecasting that the country’s retail sales will increase anywhere between 2.5% and 3.5% ...
Home sales hit 5-month high in January while prices jump 5%
Sales of previously occupied US homes rose in January as homebuyers seized upon easing mortgage rates and a modest pickup ...
Most Fed members worried about cutting rates too quickly
The bulk of policymakers at the Federal Reserve’s last meeting were concerned about the risks of cutting interest rates too ...
Why 2024 is ‘make or break’ year for businesses
Four in 10 small business owners believe 2024 will be a “make or break” year for their business, according to ...
Ranchers sound the alarm as cattle production plummets to lowest point in decades: ‘Bad situation’
The number of cattle in America has plummeted to its lowest point in decades, sparking concerns among ranchers about the ...
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