Tag: Breaking News: Economy
Mortgage demand falls to lowest level since 2018, even as interest rates ease
A single family home is shown for sale in Encinitas, California.Mike Blake | ReutersMortgage demand slipped to the lowest level since December 2018, e [...]
Mortgage demand slides further, even as interest rates pull back slightly
Mortgage rates turned lower for the second straight week, but it wasn't enough to boost demand for either new purchase loans or refinances, according [...]
Retail sales rose 0.5% in March amid inflation jump; import prices hit 11-year high
Customers pushing shopping carts shop at a supermarket on April 12, 2022 in San Mateo County, California.Liu Guanguan | China News Service | Getty Ima [...]
Retail sales February 2022 come up short as inflation puts dent in consumer spending
Consumers continued to spend in February through at a slower pace than expected, according to a Commerce Department report Wednesday.Advance retail sa [...]
Retail sales surge 3.8% in January, much more than expected amid inflation rise
Consumer spending bounced back sharply in January as rising inflation and a post-holiday surge kept cash registers ringing, the Commerce Department re [...]
Retail sales December 2021:
Retail sales fell much more than expected in December as surging prices took a big bite out of spending, the Commerce Department reported Friday.The a [...]
U.S. to restrict travel from South Africa, 7 other nations
A traveler wears a face mask while checking their phone on the arrivals level outside the Tom Bradley International Terminal (TBIT) at Los Angeles [...]
Fed’s Raphael Bostic sees interest rate hike coming amid inflation
Atlanta Federal Reserve President Raphael Bostic said Thursday that he sees an interest rate hike coming later in 2022 as he forecasts a growing ec [...]
Retail gross sales July 2021 worse-than-expected 1.1% in July as rising Covid fears hit shoppers
Customers within the U.S. in the reduction of their purchases in July much more than anticipated as worries over the delta variant of Covid-19 damp [...]
Charges held close to zero, financial system higher even with pandemic worries
The Federal Reserve on Wednesday held its benchmark rate of interest close to zero and mentioned the financial system continues to progress regardl [...]
Financial institution of America’s Moynihan says the Fed can pull again on coverage assist
Financial institution of America CEO Brian Moynihan inspired the Federal Reserve to ease up on its ultra-easy financial coverage, saying Monday tha [...]
Prince Philip of Britain dies at age 99
Prince Philip, Duke of Edinburgh, in 2015.Matt Dunham | WPA Pool | Getty PhotosLONDON — Prince Philip, the Greece-born royal who because the husban [...]
U.S. retail gross sales January 2021: Spending bursts larger
Shoppers flocked to spend their stimulus checks in January, sending retail gross sales for the month up 5.3% in a blockbuster begin to 2021, in kee [...]
Jobless claims worse than anticipated as pandemic-related filings surge
First-time claims for unemployment insurance coverage totaled 793,000 final week as declining Covid-19 instances supplied little aid for the roles [...]
White Home acquires 200 million extra doses
President Joe Biden makes temporary remarks earlier than signing a number of government orders directing immigration actions for his administration [...]