Wall Street’s main stock indexes climbed inflation data boosted expectations the Federal Reserve was done raising interest rates.
Read More Wall St rallies as cooling inflation boosts peak rate betsTag: Federal Reserve
Federal Reserve Holds Interest Rates Steady for Second Consecutive Time
The Federal Reserve decided to pause interest rate hikes for the second time in a row, keeping the federal funds rate within a range of 5.25% to 5.5%.
Read More Federal Reserve Holds Interest Rates Steady for Second Consecutive TimeFederal Reserve Hemorrhaging Millions
with Dave Brat
Read More Federal Reserve Hemorrhaging MillionsBidenomics: Mortgage Rates Jump to 8% For First Time In 23 Years
The average rate on the 30-year fixed mortgage rate reached 8% Wednesday morning, according to Mortgage News Daily. That is the highest mark since the year of 2000.
Read More Bidenomics: Mortgage Rates Jump to 8% For First Time In 23 YearsU.S. Inflation Surpasses Economists’ Predictions For September
In September, the inflation rate in the United States increased to 3.7%, surpassing economists’ forecasts, according to new data from the Bureau of Labor Statistics.
Read More U.S. Inflation Surpasses Economists’ Predictions For SeptemberSocial Security Payments To Increase By 3.2% In 2024
Social Security benefits will be rising by 3.2% in 2024, following the 8.7% rise from the year prior.
Read More Social Security Payments To Increase By 3.2% In 2024