Breaking News: Economy
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Business
Mortgage demand falls to lowest level since 2018, even as interest rates fall
A single-family home for sale in Encinitas, California. Mike Blake | Reuters Mortgage demand fell to its lowest level since…
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Business
GDP in the first quarter fell 1.5%, worse than expected; Unemployment claims climb
A ‘We’re recruiting!’ Signs are posted at a Starbucks store in Los Angeles, California. Mario Tama | beautiful pictures The…
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Business
Fed Minutes: May 2022 - Monetary policy could turn into constricted territory
Federal Reserve officials earlier this month emphasized the need to raise interest rates quickly, and possibly more than markets anticipated,…
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Business
Fed raises interest rates by half a percentage point - biggest increase in two decades - to fight inflation
The Federal Reserve on Wednesday raised its benchmark interest rate by half a percentage point in its most dramatic move…
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Business
The market is raising expectations for the Fed to raise interest rates
Expectations have now regrouped around a 50 basis point increase in May and a 75 basis point increase in June.…
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Business
Powell says curbing inflation is ‘absolutely necessary’ and could see a 50bp rise in May
Federal Reserve Chairman Jerome Powell affirmed the central bank’s determination to reduce inflation and said on Thursday that positive rate…
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Business
Retail sales rose 0.5% in March amid soaring inflation; Import prices hit 11-year high
Customers push shopping carts at a supermarket on April 12, 2022 in San Mateo County, California. Luu Quang Nguyen |…
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Business
Minutes of the Fed’s March 2022 meeting:
Federal Reserve officials discussed how they want to reduce trillions of bond holdings at their March meeting, by a consensus…
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Business
Deutsche becomes the first major bank to forecast a recession in the US
Widespread inflation and the rate hikes needed to combat it will likely tip the US into a recession by 2023,…
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Business
Companies added 455,000 jobs in March, slightly more than expected, ADP said
Passengers arrive from Metro North Railroad trains at Grand Central Station in New York. Timothy A. Clary | AFP |…
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