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Economy
Fed’s Bowman sees no interest rate cuts this year
Federal Reserve Governor Michelle Bowman said Tuesday that she does not expect to cut interest…
Interest costs on the national debt just surpassed spending on defense, Medicare
Interest payments on the nation’s ballooning debt just eclipsed spending on defense and Medicare, worrying policy…
Home prices just fell the most in 2 years
The housing market may finally be shifting in buyers' favor. In a good sign for…
JPMorgan boosts odds of a US recession this year to 35%
JPMorgan Chase analysts now see a greater chance that the U.S. economy will enter a recession…
Mortgage rates drop to lowest level since May 2023
A key measure of home-purchase applications surged last week as mortgage rates dropped to the…
Credit card debt hits another record high
Americans are increasingly turning to their credit cards to cover everyday expenses, with debt hitting…
Fed will ‘fix’ the US economy if it deteriorates, Goolsbee says
Chicago Federal Reserve President Austan Goolsbee on Monday said that central bank policymakers will respond…
US job growth slows to 114K in July while unemployment unexpectedly jumps
U.S. job growth cooled sharply in July while the unemployment rate unexpectedly rose to the…
July jobs report breakdown: Which industries hired the most workers?
Job growth sputtered in July as many industries like manufacturing, retail and trade pulled back…
A closely tracked recession signal just got triggered by the July jobs report
The weaker-than-expected July jobs report triggered a reliable recession indicator that Wall Street closely monitors,…
Mortgage rates fall slightly | Fox Business
Mortgage rates decreased a bit this week, remaining uncomfortably high for many would-be buyers but…
Fed holds interest rates steady at 23-year high, but opens the door to reducing rates
The Federal Reserve on Wednesday held interest rates steady at the highest level in more…
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