Mortgage rates hit highest level in a year as home price soar
The average long-term U.S. mortgage rate rose for the fourth consecutive week to its highest level in a…
US economy slows, yet Americans still spending in face of inflation
WASHINGTON (AP) — The U.S. economy expanded at a sluggish 1.5% pace from April through June as rising…
U.S. economy slowed to 1.5% growth rate in Q2; June core inflation at 3.3%
Economic growth was weaker than expected in the second quarter though underlying drivers were mostly solid. At the…
U.S. economy slowed in second quarter as Iran war weighs on growth
The nation’s gross domestic product grew at an annual rate of 1.5% in the second quarter, the Commerce…
Trump’s tariffs may be a flashpoint for Michigan’s midterms
MILFORD, Mich. (AP) — Flying to a rally at General Motors this week, President Donald Trump declared that…
Federal Reserve expected to keep interest rates unchanged despite frustration over high prices
WASHINGTON (AP) — Federal Reserve policymakers are losing patience with inflation, but they may not be ready to…
Fed Chair Warsh faces pressure to combat inflation
WASHINGTON (AP) — The Federal Reserve is expected to keep its key interest rate unchanged when it meets…
Confidence in the economy falls as Iran conflict sends gas prices higher
Americans’ confidence in the economy fell this month as gas prices resumed their climb after the U.S. and…
Stocks are drifting on Wall Street and crude oil prices drop 6% as Mideast tensions cool
Stocks are drifting on Wall Street Monday and oil prices fell after the U.S. and Iran paused their…
Traders see September rate hike as ECB mulls energy price spike
Christine Lagarde, president of the European Central Bank (ECB), during a rates decision news conference in Frankfurt, Germany,…
Israel in the eye of the storm — But the economy tells a different story
While the shock originating in the Middle East is pushing many economies worldwide toward higher inflation, higher interest…
Iran war’s $37bn price tag: Why does the Pentagon want $67bn more? | US-Israel war on Iran News
United States Defense Secretary Pete Hegseth has said that the months-long US-led war on Iran is estimated to…