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Mortgage rates ease again, but remain higher than this time last year:: WRAL.com
10+ hour, 47+ 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....
'Many' Fed officials think higher rates will be needed if inflation stays high
1+ day, 4+ hour ago (396+ words) The minutes of the July 28-29 meeting, released Wednesday, don't provide specifics on how many of the 19 officials supported higher rates. Only 12 of the 19 policymakers vote on the outcome. Officials voted 9-3 at the meeting to keep their key rate unchanged at…...
America In Focus: Inflation cools in July, but so do consumers with their spending
5+ day, 8+ hour ago (866+ 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 and gas station are more painful than they were last year, and rising costs…...
Wall Street week ahead: Home Depot and Walmart report earnings, minutes of Fed meeting are released
5+ day, 16+ hour ago (222+ words) Home Depot reports its latest results on Tuesday, followed by Target and Lowes on Wednesday, and then Walmart on Thursday. The results will help give investors a more detailed picture of how businesses and consumers are handling stubbornly high inflation....
Mortgage rates dip slightly for the first time in six weeks, but remain steeper than last year
1+ week, 9+ hour ago (302+ words) Higher mortgage rates can add hundreds of dollars a month in costs for borrowers, limiting homebuyers’ purchasing power. And that can led prospective home shoppers to delay buying, as seen while rates rose over prior weeks. U.S. sales of previously-occupied…...
Wholesale price inflation slows last month as gas, food costs fall
1+ week, 9+ hour ago (300+ words) The Labor Department’s producer price index — which captures inflation before it reaches consumers — rose 4.7% in July from a year ago, down from a much larger 5.5% increase in June. On a monthly basis, wholesale prices were unchanged from June to July,…...
Stubborn inflation persists in July economic report
1+ week, 1+ day ago (15+ words) WRAL Stubborn inflation persists in July economic report...
July inflation report to provide crucial signs of where prices are headed
1+ week, 1+ day ago (635+ words) The government's latest report on consumer prices, to be released Wednesday, should provide some hints. It will be closely watched by the inflation-fighters at the Federal Reserve as well as Republicans facing tough midterm elections, not to mention consumers still…...
Wall Street week ahead: inflation, retail sales updates
1+ week, 5+ day ago (218+ words) The reports help give investors and economists a better sense of where prices are moving on a wide range of goods and services, while also providing a clearer picture on the impact to businesses and households. On Wednesday, the U.S. will…...
FACT FOCUS: Trump boasts about the economy but there's more to the story
2+ week, 5+ hour ago (798+ words) President Donald Trump has been extolling his economic accomplishments on social media and at events like a rally at a Las Vegas resort Wednesday. He touts recent record stock market highs and claims a boom in hiring, manufacturing and investment....