Home sales plunge to lowest level in 10 years as prices stay high despite high mortgage rates
Sales of previously occupied US homes fell in October for the ninth month in a row to the slowest pre-pandemic ...
Tag: federal reserve
‘Might be in for soft landing after all:’ Retail sales rise more than expected in October
Retail sales increased more than expected in October as households stepped up purchases of motor vehicles and a range of other goods, ...
Wholesale inflation eases to 8% in October
Prices at the wholesale level rose 8% in October from a year ago, the fourth straight decline and the latest ...
Pace of interest rate hikes can slow soon
The Federal Reserve may soon reduce the pace of its interest rates hikes, Fed Vice Chair Lael Brainard said Monday. “I think ...
Dow jumps on October jobs report
Wall Street’s main indexes climbed on Friday after an uptick in the US unemployment rate in October overshadowed data showing ...
Jobless claims fall unexpectedly as Federal Reserve continues to fight inflation
The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, suggesting the labor market remains strong despite slowing ...
US housing market expert predicts when mortgage rates might fall
Prospective homebuyers are unlikely to see any relief from surging mortgage rates in the near future, a prominent expert on ...
Dow surges after Fed hints at smaller rate hikes
US stocks climbed on Wednesday, reversing earlier declines after the Federal Reserve raised interest rates by 75 basis points but signaled that ...
Private sector added 239,000 jobs in October: ADP
US private payrolls increased more than expected in October, offering more evidence of labor market resilience and suggesting that the ...
Job openings rise unexpectedly to 10.7M in September
US job openings rose unexpectedly in September, suggesting that the American labor market is not cooling as fast as the ...
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