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Ahead of State of the Union, what is the state of the US economy?
4+ min ago (635+ words) As President Donald Trump delivers his State of the Union address to Congress on Feb. 24, he'll likely point to a strong economy as a key indicator of how America is faring. Indeed, inflation has fallen, even more than most analysts…...
Waller questions January jobs surge, backs possible March cut
4+ min ago (599+ words) "If the good labor market news of January is revised away or evaporates in February, it would support my position at the [Federal Open Market Committee] last meeting, that a 25-basis-point reduction in the policy rate was appropriate, and that…...
Select housing markets set to ‘unlock’ if mortgage rates drop
22+ min ago (656+ words) Four years after'mortgage rates'surged from their COVID-19 pandemic-era lows, the national housing market remains stuck. However, an'unlocking" is on the horizon'for a select group of metros across the Midwest and South if borrowing costs continue to retreat. The average rate…...
The stark reality behind Trump’s ‘greatest economy ever’ claim
38+ min ago (768+ words) In an appearance on Fox Business last week as he attempts to build momentum with voters ahead of November's midterm elections, Donald Trump proudly declared, "I think we have the greatest economy actually ever in history. Trump's grand claim followed…...
BTC/USD outlook: Falls to three-week low on US tariff uncertainty
50+ min ago (315+ words) Bitcoin remains in red and holding above new three-week low on Monday, deflated by growing uncertainty over US tariffs. Fresh extension lower cracked important supports at 65.5/65K zone (higher base) but need to register a clear break lower to validate developing…...
Australian Dollar Price Forecast: Some consolidation in the offing?
53+ min ago (1315+ words) AUD/USD has been struggling for direction again in the last few days, after reaching new highs of approximately 0.7150 earlier this month. In the meanwhile, the Reserve Bank of Australia's (RBA) hawkish posture, high inflation, and strong domestic fundamentals all…...
Fed’s Waller says rate cut in March is a ‘coin flip’ following a strong US jobs report
54+ min ago (536+ words) At the same time, Waller said last month's pickup in hiring, when employers added a more-than-expected 130,000 jobs, could have been a one-time gain. He said he would need to see a similarly positive report next month to conclude the job…...
Mortgage rates fall below 6%—how to decide if refinancing is worth it for you
56+ min ago (629+ words) Mortgage rates have fallen nearly one percentage point from a year ago, making it possible for some homeowners to save money by refinancing. The 30-year fixed rate slipped to 5.99% on Monday, down from 6.96% a year earlier, according to Mortgage News…...
Trade Wars Are Flaring Again. What It Means for Investors
1+ hour ago (446+ words) U.S. trade policy was thrown into chaos following the Supreme Court's decision last Friday. Stocks were diving today as Friday's celebration of the Supreme Court's blocking of tariffs was short-lived. By Monday afternoon, all three major indexes were down more than…...
Forex Today: US Dollar holds ground, Gold rebounds amid Trump’s tariffs tensions
1+ hour, 1+ min ago (498+ words) The US Dollar (USD) recovered most of its intraday losses and trades broadly stable on Monday, after markets digested the Supreme Court's decision agains United States (US) President Donald Trump's tariffs and his move to impose additional levies over the…...