Economy
Fuel Price Dip Drives 10% Consumer Sentiment Gain in July
Consumer sentiment improved by 10% in early July, marking the second consecutive monthly jump, according to the University of Michigan. The rise...
#Economy 79 articles
Economy
US Jobless Claims Hit 10-Week Low at 208,000
US weekly unemployment claims fell to 208,000, the lowest level in 10 weeks, signaling a robust job market with historically low layoffs.
Finance
US 30-Year Mortgage Rate Hits 6.55%, Highest in Nearly a Year
The average 30-year U.S. mortgage rate climbed to 6.55% this week, marking its highest level in nearly a year and driving up...
Economy
Warsh Pledges Inflation Fight, Stays Silent on Rate Path as Fed Divides
Federal Reserve Chair Kevin Warsh pledged to make high inflation "a thing of the past" in his first testimony, yet provided no...
Economy
Gas Price Drop Likely Slowed Inflation Last Month
Falling gas prices are expected to have curbed inflation in June, offering consumers a reprieve. However, renewed Middle East conflict is driving...
Finance
US 30-Year Mortgage Rate Climbs to 6.49%, Boosting Homebuyer Costs
The average 30-year U.S. mortgage rate reached 6.49% this week, increasing borrowing expenses for prospective homebuyers. This rise adds financial pressure amid...
Stocks
Trump Rings Wall Street Bells, Cites Market Records Despite Inflation
President Trump rang Wall Street's opening bells from the Oval Office, tying his presidency to stock market gains. This move comes as...
Economy
Gas Price Dip Lifts July Fourth Sentiment, Fuels Record Travel
Despite historically high fuel costs, a recent dip in gas prices has significantly boosted consumer sentiment, driving record travel projections for the...
Economy
US Jobless Claims Drop to 215K as Layoffs Remain Low
U.S. applications for jobless aid fell to 215,000 last week, indicating historically healthy layoff levels, even as broader hiring shows caution. The...