Browsing: Economy
Home prices rose to a new record in February amid an ongoing housing shortage, even as high mortgage rates pushed affordability out of reach for more Americans. Prices increased 6.4%…
Just a few months ago, Wall Street was confident that May would mark the beginning of a barrage of interest rate cuts by the Federal Reserve. But a string of…
Some Wall Street strategists are growing concerned the U.S. economy could be headed toward a 1970s-style stagflation scenario amid recent signs of stubbornly high inflation and a cooling economy. A…
An inflation measure closely watched by the Federal Reserve rose faster than expected in March as high prices continued to weigh on millions of Americans. The personal consumption expenditures index…
High inflation has made the price of just about everything in the U.S. more expensive – including how much it costs to raise a child. Research published by LendingTree shows…
JPMorgan Chase CEO Jamie Dimon on Thursday cautioned that markets are too optimistic about the odds of a soft landing as the U.S. economy continues to battle still-high inflation and…
Gross domestic product, the broadest measure of goods and services produced across the economy, grew by 1.6% on an annualized basis in the three-month period from January through March, the…
A Washington man has been arrested and charged with vehicular homicide after a Tesla in autopilot mode slammed into a motorcyclist, killing him. The crash happened around 3:45 p.m. Friday…
President Biden is losing support in key battleground states amid growing pessimism among voters about the state of the U.S. economy, according to a new poll. Findings published Wednesday by…
A key measure of home-purchase applications fell again last week as mortgage rates rose to the highest level in five months. The Mortgage Bankers Association’s (MBA) index of mortgage applications…