Fed should be wary of ‘dovish pivot,’ Larry Summers warns
The Federal Reserve should maintain its hawkish stance at its meeting this week despite mounting calls for a pivot toward ...
Tag: federal reserve
Key inflation gauge eyed by Fed stays high as prices rise
A measure of inflation that is closely monitored by the Federal Reserve remained painfully high last month, the latest sign ...
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 ...
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 ...
New home sales plunge 11% in September
Sales of new US single-family homes dropped in September and data for the prior month was revised lower, more evidence that higher ...
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 ...
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 ...
Mortgage rates hit 20-year high: Freddie Mac
Mortgage rates hit 20-year high: Freddie Mac Breaking News Click to close
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