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 ...
Tag: federal reserve
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 ...
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 ...
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 ...
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