News
Energy markets are bracing for a prolonged Strait of Hormuz disruption
4+ hour, 47+ min ago (37+ words) The renewed disruption of oil shipments through the Strait of Hormuz is threatening to erase the progress made toward lowering energy prices during the ceasefire, renewing fears of another shock that could threaten inflation and the global …...
New report: Lower-income workers gaining ground as wage growth accelerates
3+ day, 9+ hour ago (13+ words) Baltimore Sun...
More Americans say the country is in cost of living crisis, doubt government can fix it
3+ day, 10+ hour ago (18+ words) Baltimore Sun...
Average 30-year US mortgage rate falls to 6.43%, its lowest level in seven weeks
1+ week, 4+ day ago (455+ words) The average long-term U.S. mortgage rate fell this week to its lowest level since mid-May, easing borrowing costs for prospective homebuyers. The benchmark 30-year fixed rate mortgage rate fell to 6.43% from 6.49% last week, mortgage buyer Freddie Mac said Thursday. One year…...
Consumer confidence ticks up as gas prices fall but Americans remain gloomy about the economy
1+ week, 6+ day ago (362+ words) The Conference Board said Tuesday that its consumer confidence index rose 0.6 point to 91.2 in June, a figure that is still below its year-ago reading of 95.2. Consumer attitudes worsened after the Iran war caused oil and gas prices to spike, accelerating…...
Easing gas prices give ‘fairly sour’ consumer sentiment a lift from all-time low
2+ week, 11+ hour ago (16+ words) Baltimore Sun...
Falling oil prices could ease inflation as political, economic debates intensify
2+ week, 4+ day ago (13+ words) Baltimore Sun...
Warsh’s gamble: A quieter Federal Reserve could mean volatile markets, higher rates
3+ week, 8+ hour ago (802+ words) By CHRISTOPHER RUGABER, AP Economic Writer But in his first news conference last Wednesday, new chair Kevin Warsh began to reverse some of those steps. Warsh, like many economists, thinks the financial markets have become too dependent on Fed guidance,…...
How taxes contribute to wealth gap | READER COMMENTARY
3+ week, 3+ day ago (102+ words) Baltimore Sun New invasive predator is becoming a growing presence in Florida Everglades Baltimore’s Confederate monuments are back. No one is saying where they are. Wonder coming to Eldersburg Commons in first Carroll County expansion Police identify suspect in fatal…...
Federal Reserve policymakers show support for rate hikes as Warsh reins in guidance
3+ week, 5+ day ago (823+ words) In an unusually short statement after their two-day meeting, the officials dropped language that had suggested their next move would be to cut the key rate. The brief statement reflects the influence of new chair Kevin Warsh, appointed by Trump,…...