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Economy
Wholesale inflation unexpectedly jumps again to highest level in a year
Inflation at the wholesale level rose much more than expected in April, the latest sign…
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…
Fed Chairman Powell tests positive for COVID-19
Federal Reserve Chair Jerome Powell tested positive for COVID-19 on Thursday and is currently working…
Mortgage rates drop for second straight week to 7.02%
Mortgage rates declined for a second consecutive week but remain above 7% as a home…
April CPI breakdown: Where are prices still rising the fastest?
Inflation fell slightly in April, but a spike in the cost of rent and gasoline…
Wholesale inflation unexpectedly jumps again to highest level in a year
Inflation at the wholesale level rose much more than expected in April, the latest sign…
Americans expect high inflation to stick around in latest NY Fed survey
Americans are bracing for high inflation to stick around over the next few years, according…
Inflation has majority of retirees worried they will outlive their assets
After years of elevated inflation that continues to chip away at the value of a…
Inflation shrinks buying power as $100 goes a lot less far these days
The amount of household staples Americans can buy for a $100 bill has been eroded…
Percentage of US mortgages considered ‘seriously underwater’ rises
A new report finds that the percentage of U.S. mortgages considered to be "seriously underwater"…
Fed Chairman Powell finds lowering rates too easy to swallow
Federal Reserve Chair Jerome Powell has been so eager to take credit for engineering an…
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