The Labor Department’s employment report also showed the economy created 111,000 fewer jobs in April and June than previously estimated.
Read More US job growth slows moderately; unemployment rate rises to 4.1%
Tag: interest rate
Mortgage Demand Drops To 3-Month Low As Interest Rates Increase For First Time In A Month
A key measure of home-buyer applications fell to a three-month low as mortgage rates started to rise again.
Read More Mortgage Demand Drops To 3-Month Low As Interest Rates Increase For First Time In A Month
US labor market still tight; productivity falters in first quarter
The number of Americans filing new claims for unemployment benefits held steady at a low level last week.
Read More US labor market still tight; productivity falters in first quarter
Report: Inflation Increased Again In March As Consumer Spending Rose
According to the latest report, inflation increased in March, with a key barometer the Federal Reserve watches closely showing that price pressures continue to increase.
Read More Report: Inflation Increased Again In March As Consumer Spending Rose
Inflation and Interest Rate Concerns Heighten as PPI and CPI Experience Increases
The Producer Price Index, which tracks wholesale-level inflation, edged up to 2.1%, marking the biggest jump since April 2023.
Read More Inflation and Interest Rate Concerns Heighten as PPI and CPI Experience Increases
Fed won’t cut interest rates as inflation soars
The Federal Reserve decides not to cut interests anytime soon. One America’s Nathaniel Mannor has more.
Read More Fed won’t cut interest rates as inflation soars