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Tag: interest rates

What is driving mortgage rates to their highest point in years

Homebuyers hoping for relief from elevated borrowing costs did not get it…

Shekari Philemon

Edmunds warns car buyers are taking on shocking debt

Shopping for a new ride lately? If the sticker price made your…

Shekari Philemon

September jobs report and the trend behind it

The economy added 29,000 jobs in September, well below the 90,000 economists…

Shekari Philemon

PCE inflation and what the Fed watches

The Federal Reserve's preferred inflation gauge came in below forecasts for August,…

Shekari Philemon

Federal Reserve raises rates to 3.75-4 percent in first hike since July 2023

The Federal Reserve raised its benchmark rate by a quarter point on…

Shekari Philemon

Private credit default rate hits record 6.3 percent in August Fitch says

The U.S. private credit market's default rate reached a record 6.3 percent…

Shekari Philemon

Federal Reserve opens Sept. 15 meeting with quarter-point hike fully priced in

The Federal Reserve opened its two-day policy meeting on Sept. 15 as…

Shekari Philemon

Inflation unchanged at 3.4 percent and the Federal Reserve and the rate question

The U.S. annual inflation rate held steady at 3.4 percent in August…

Shekari Philemon

Inflation at 3.4 percent in July still above the Fed target but heading right

U.S. inflation eased slightly in July, with the annual rate slipping to…

Shekari Philemon

Mortgage rate jump is pricing more buyers out of affordable homes

Mortgage rates have climbed to their highest point in nearly a year,…

Shekari Philemon