Browsing: Economy
The U.S. housing market has suffered from a severe inventory shortage for years now, which continues to drive up prices and worsen the home affordability crisis. But new data shows…
The Federal Reserve on Wednesday held interest rates steady at the highest level in more than two decades, but hinted that recent progress on inflation could soon prompt them to…
Hiring by U.S. companies slowed more than expected in July, pointing to a labor market that is continuing to cool in the face of higher interest rates, according to the…
Americans are facing vastly different inflation rates depending on where they live in the U.S., with the Northeast becoming a hotbed for stubborn price growth. The Labor Department reported earlier…
Russia will turn to cryptocurrency as the newest method to circumvent heavy international sanctions that have taken their toll on the economy amid its ongoing war efforts in Ukraine. “We…
Home prices reached a new record in May amid an ongoing housing shortage, even as high mortgage rates continued to push affordability out of reach for millions of Americans. Prices increased…
Credit counselors reported a significant surge in demand for financial counseling services so far this year, warning that the trend signals an increase in financial distress among U.S. consumers. Credit…
The Federal Reserve is widely expected to lay the groundwork for a September interest-rate cut at the conclusion of its meeting on Wednesday, offering some reprieve to Americans who have…
A starter home used to be considered a smaller, but more affordable option for young families and other first-time buyers looking to enter the real estate market. That may no…
An inflation measure closely watched by the Federal Reserve eased slightly in June, even as high prices continued to weigh on millions of Americans. The personal consumption expenditures (PCE) index…