Major central banks were expected to pause rate hikes soon. Now it’s not so clear cut
Stronger-than-expected U.S. jobs figures and GDP data have highlighted a key risk to the U.S. Federal Reserve potentially taking its...
archiveU.S. Economy
How the U.S. built a junk fee economy
Americans are collectively spending nearly $65 billion on sneaky fees, according to the White House."Sometimes they're called convenience fees. Sometimes...
investors weigh interest rate outlook
U.S. Treasury yields fell on Thursday as investors awaited economic data and comments from Federal Reserve officials that could provide...
Federal Reserve expected to hike rates again. What that means for you
Recent bank failures have caused a crisis of confidence in the financial sector, but Americans are still grappling with stubborn...
Senators probe crypto exchange Binance after FTX collapse
Changpeng Zhao, CEO of Binance, speaks at the Delta Summit, Malta's official Blockchain and Digital Innovation event promoting cryptocurrency, in...
Mortgage demand falls as interest rates rise
Mortgage demand fell for the third straight week as interest rates increased.Mortgage applications to buy a home dropped 6% last...
How to know when housing bottom is in
Forecasts for home price declines this year are moderating; Zillow now expects a slight increase.Inventories are climbing but below pre-Covid...
U.S. explores working with India to increase economic competition against China
WASHINGTON — Commerce Secretary Gina Raimondo said Wednesday that the U.S. is considering collaborating with India on certain manufacturing jobs...
Biden will press GOP on debt ceiling, tout economy in annual address
2 Mins AgoBiden needs to explain how the U.S. will exit the Covid emergency without leaving people behindKevon Jaskin, a...
Mortgage rates drop to the 5% range for first time since September
The average rate on the 30-year fixed rate mortgage has fallen to 5.99%, Mortgage News Daily said.The rate started this...
