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Tag: Federal Reserve

A shopper reaches for a carton of eggs from a grocery chain store asking customers to limit their purchases on February 10, 2025 in South Pasadena, California. A resurgence of avian flu, which first struck the United States in 2022, is hitting chicken farms hard, sending egg prices soaring and rattling consumers accustomed to buying this dietary staple for only a few dollars. (Photo by Frederic J. BROWN / AFP) (Photo by FREDERIC J. BROWN/AFP via Getty Images)

U.S. Inflation Surges To 3% In January, Slashing Hopes Of Interest Rate Cuts

U.S. consumer prices came in higher than expected in January as inflation showed few signs of slowing down. 

Read More U.S. Inflation Surges To 3% In January, Slashing Hopes Of Interest Rate Cuts
DES PLAINES, IL - JULY 06: Pennies lay in a pile July 6, 2006 in Des Plaines, Illinois. According to the U.S. Mint says a penny costs more to make than it's worth, 1.2 cents, prompting some to call for its demise. (Photo Illustration by Tim Boyle/Getty Images)

Trump Halts Treasury Penny Production To Cut Waste, As The Process Costs More Than What The Coins Are Worth

President Donald Trump announced on Sunday that the U.S. The Treasury will stop producing pennies as the production costs more to make than it’s worth.

Read More Trump Halts Treasury Penny Production To Cut Waste, As The Process Costs More Than What The Coins Are Worth
: U.S. President-elect Donald Trump's nominee for Office of Management and Budget Director Russell Vought appears during a Senate Homeland Security and Governmental Affairs confirmation hearing on Capitol Hill on January 15, 2025 in Washington, DC. If confirmed as director, Vought is poised to play a pivotal role in implementing a plan to reduce both the size of the federal government and federal spending. (Photo by Andrew Harnik/Getty Images)

White House Budget Director Orders To Pause CFPB Funding

Head of the US Consumer Financial Protection Bureau (CFPB) Russell Vought has ordered staff to pause their activity. 

Read More White House Budget Director Orders To Pause CFPB Funding
Construction workers install windows on a nearly completed office building in San Diego, California, U.S., October 9, 2024. REUTERS/Mike Blake/File Photo

US job openings post biggest drop in 14 months

U.S. job openings dropped by the most in 14 months in December, but steady hiring and low layoffs suggested that the labor market was not abruptly slowing down.

Read More US job openings post biggest drop in 14 months
People walk around the Financial District near the New York Stock Exchange (NYSE) in New York, U.S., December 29, 2023. REUTERS/Eduardo Munoz/File Photo

US business activity at nine-month low in January; hiring accelerates

Firms reported boosting hiring, supporting the Federal Reserve’s cautious approach to cutting interest rates this year.

Read More US business activity at nine-month low in January; hiring accelerates
SAN RAFAEL, CALIFORNIA - AUGUST 07: A sign is posted in front of a home for sale on August 07, 2024 in San Rafael, California. According to a report by Zillow, 30-year fixed mortgage rates have dropped 31 basis points to 6.06% while the 30-year fixed refinance rate has dropped 1.15% to 5.98%. (Photo by Justin Sullivan/Getty Images)

Report: Mortgage Rates Surpass 7% For First Time Since May

According to a new report, mortgage rates increased this week, going above 7% ━ adding more pressure to the housing market.

Read More Report: Mortgage Rates Surpass 7% For First Time Since May

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SpaceX and Tesla founder Elon Musk participates in a town hall-style meeting to promote early and absentee voting at Ridley High School on October 17, 2024 in Folsom, Pennsylvania. (Photo by Anna Moneymaker/Getty Images)
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