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News
Mortgage rates ease again, but remain higher than this time last year
3+ hour, 55+ min ago (368+ words) The average long-term U.S. mortgage rate eased for the second week in a row, but remains elevated compared with this time last year. The benchmark 30-year fixed rate mortgage rate fell to 6.65% from 6.67% last week, mortgage buyer Freddie Mac said Thursday....
How much should retirees worry about inflation?
2+ day, 6+ hour ago (379+ words) Seattle Post-Intelligencer Inflation can be scary for retirees True, Social Security provides inflation increases in line with the consumer price index, or CPI But any portfolio income, save allocations to inflation-protected bonds, isnât inherently inflation-protected And if inflation occurs…...
Inflation slows but prices remain elevated as Iran war and spending on AI push up prices
1+ week, 21+ hour ago (877+ words) Consumer prices increased 3.4% in July from a year ago, down slightly from 3.5% in June, the Labor Department said Wednesday. Inflation had fallen to 2.4% before the Iran war. On a monthly basis, prices rose just 0.1% from June to July. The mild…...
Will tough talk be enough? Fed Chair Warsh faces pressure to combat inflation
3+ week, 2+ day ago (488+ words) Will tough talk be enough?...
Do bonds appreciate over time?
3+ week, 2+ day ago (304+ words) A reader asked about the capital appreciation potential of bonds: Strictly speaking, the underlying dollar value of most bonds won’t appreciate. With few exceptions, a bond’s price at maturity (also known as par value) will never increase; it remains fixed…...
America In Focus: New tariffs, soaring gas, mortgages and a down week for Wall Street
3+ week, 5+ day ago (544+ words) Seattle Post-Intelligencer...
Europe's central bank holds rate steady amid swings in oil prices
4+ week, 3+ hour ago (319+ words) The central bank for the 21 countries that use the euro currency left its benchmark rate unchanged at 2.25% following a quarter-point hike at its previous meeting June 11. That increase was aimed at dampening the impact on consumer prices from higher oil…...
South Korea's central bank hikes rate for 1st time since 2023 to curb inflation, debt
1+ mon, 4+ day ago (405+ words) Following a monetary policy meeting, the Bank of Korea raised its benchmark policy rate by a quarter percentage point from 2.5% to 2.75% in the first hike since January 2023. The bank had kept rates steady or lowered them in recent years despite…...
America In Focus: Fed officials divided on US inflation views; US home prices hit all-time high
1+ mon, 1+ week ago (816+ words) The economy, inflation and how those forces could impact the lives of Americans were front and center over the past week. Trips to the grocery store or gas station are more painful than they were last year, and rising costs…...
PepsiCo says economic concerns weighed on customers in North American during recent quarter
1+ mon, 1+ week ago (392+ words) “I think the consumer is worse than what we had anticipated, and it’s driven mainly by gas prices,” PepsiCo CEO Ramon Laguarta said Thursday during a conference call with investors. PepsiCo's shares fell 4% in morning trading Thursday. The food and…...