Finance
US 30-Year Mortgage Rate Hits 6.51%, Highest in Nearly Nine Months
The average long-term U.S. mortgage rate climbed to 6.51% this week, its highest level in nearly nine months, increasing borrowing costs for...
#Economy 79 articles
Economy
Kansas Wheat Crop Faces Worst Outlook Since 1972 Amid Drought and Costs
Kansas farmers confront a potential wheat crop shortfall not seen since 1972, battling severe drought and escalating production expenses.
Markets
Iran Conflict’s Market Ripple Effects Detailed
FP Video explores how geopolitical tensions with Iran are influencing global markets and government bonds, alongside other economic concerns.
Markets
India Hikes Fuel Prices Amid Global Energy Crisis
India raises fuel prices by 3 rupees per liter to offset losses from higher global oil prices, impacting consumers and the economy.
Economy
Retail Sales Growth Halves in April as Higher Gas Costs Curb Spending
U.S. retail sales growth slowed significantly in April to 0.5%, down from March's 1.6%, as elevated gas prices, fueled by the Iran...
Finance
US 30-Year Mortgage Rate Eases to 6.36%, First Drop in Weeks
The average long-term U.S. mortgage rate for a 30-year fixed loan fell to 6.36% this week, marking its first decline after two...
Economy
Wholesale Prices Jump 6%, Companies Face Pressure to Raise Consumer Costs
U.S. producer prices rose 6% from a year earlier, the largest increase since December 2022, intensifying pressure on companies to pass higher...
Economy
Inflation Jumps to Highest Since 2023: Gas, Airfares, Housing Drive Costs Up
U.S. inflation hit its highest level since May 2023 in April, with consumer prices up 3.8% annually. Soaring gasoline prices, airfares, and...
Economy
Trade Court Invalidates Second Trump Tariff Round
The Court of International Trade has struck down a second round of Trump administration tariffs, following an earlier Supreme Court ruling. Importers...