News
Federal Debt Is Now Worrying Even Progressives
The 119th Congress began, as it so often has in recent years, with calls from Republican politicians for wrestling down the national debt,…
Tag
interest rates
News
Fed Meeting Live Updates: Interest Rates Remain Steady
The Federal Reserve left interest rates unchanged on Wednesday, as the central bank turned cautious on further cuts amid a sturdy economy…
Lifestyle
Russian economy facing a tidal wave of bankruptcies
The Russian economy is facing the prospect of a huge rise in corporate bankruptcies as firms are driven to the edge by a record key…
News
Existing-Home Sales in 2024 Were Slowest in Decades Amid High Mortgage Rates
High interest rates kept U.S. home sales in a deep freeze for much of last year. It could be a while before the market experiences much of…
News
Trump’s Inflation Fix Centers on Energy Emergency That Doesn’t Exist
President Trump has put unleashing American energy production at the center of his economic agenda, saying that ramping up fossil fuel…
News
Bank of Japan Raises Interest Rates to Highest Level Since 2008
In a number of ways, Japan’s economy seems to have gone back in time. Inflation and wage growth are mostly back where they were in the…
News
Stocks Hit a Record Amid Strong Earnings and Easing Inflation Concerns
The S&P 500 clambered back to a record high on Thursday, inching above a peak reached in early December, building on gains after President…
News
Divvy Homes, Once Valued at $2 Billion, Is in Talks to be Sold for Parts
Divvy Homes, a Silicon Valley-backed company that promised an alternative path to homeownership for consumers of modest means, is in talks…
News
How the Debt Could Hamstring Trump’s Agenda
When House Republicans gathered behind closed doors on Capitol Hill last week to hash out their plans for cutting taxes, Representative…
News
Stocks and Bonds Fall After Strong Jobs Report Fuels Interest Rate Concerns
Stocks and bonds tumbled on Friday, as investors’ worries over the scale of government borrowing were amplified by signs of stubborn…
News
U.S. Employers Add 256,000 Jobs in December
Employers stuck the landing in 2024, finishing the year with a bounce of hiring after a summer slowdown and an autumn marred by…
Lifestyle
US stocks tumble from jobs report and ongoing inflation fears
U.S. stocks tumbled Friday morning due to December's strong jobs report and ongoing inflation fears. Why It Matters Wall Street set dozens…
News
The Fed Is in No Rush to Cut Rates
When the Federal Reserve began lowering interest rates in September, inflation was cooling and the job market was showing some troubling…
News
December Jobs Report: Live Updates
When the Federal Reserve began lowering interest rates in September, inflation was cooling and the job market was showing some troubling…
News
30-Year Mortgage Rate Climbs to 6.93%, the Highest Since July
There was a moment in late September when mortgage rates, after a monthslong decline, appeared poised to drop low enough to bring would-be…
News
Rate-Cut Decision Was Narrow, Fed Minutes Show
Federal Reserve officials cut interest rates as expected last month. But minutes from their December meeting suggest that the decision was…
Lifestyle
Average rate for 30-year mortgage reaches 6-month high
The average rate for a 30-year mortgage in the United States reached a six-month high this week and also leapfrogged the rate during the…
Lifestyle
Inflation has ticked up in November
By Michael D. Carroll Breaking News Editor ✓ Link copied to clipboard! Driven by higher costs for used cars, hotel stays, and auto…