New home sales fell in February as the housing market felt the effects of higher mortgage rates, which have remained…
Tag: Interest Rates
Fed holds interest rates steady as hotter inflation reports push back timing of cut
The Federal Reserve held its interest rate target steady, in line with expectations that the timing…
Unexpectedly stubborn inflation poses difficulties for Fed and Biden
Unexpectedly hot inflation reports for February are further fueling expectations that the Federal Reserve will end…
Inflation rose to 1.6% in February in producer price index, much hotter than expected
Inflation, as measured by the producer price index, rose to 1.6% for the year ending in February, the Bureau…
Economy beat expectations with 275,000 jobs in February
The economy again beat expectations in February and added 275,000 jobs, the Bureau of Labor Statistics reported Friday, a…
GDP growth rate revised down slightly to still-strong 3.2% for fourth quarter of 2023
Economic output growth for the fourth quarter of 2023 was revised down by a tenth of a…
Business economists now overwhelmingly expect a ‘soft landing’ this year
The economy will expand by more than previously expected this year and the Federal Reserve will…
Mortgage demand tanks as mortgage rates rise past 7% again
Mortgage demand plummeted last week as homebuyers shied away from the housing market amid rising mortgage…
Inflation proving stickier than expected has dashed hopes for quick Fed rate cuts
Inflation isn’t moving down as quickly as the Federal Reserve hoped, forcing investors to dig in…