Sign in Subscribe

federal reserve

Weekly Mortgage Rates Rise; Jobs Report Reflects Uncertain Economy

Weekly Mortgage Rates Rise; Jobs Report Reflects Uncertain Economy

Mortgage rates increased this week following news of a new war in the Middle East. In the week ending March 6, the average 30-year fixed mortgage rate went up seven basis points from the week prior to 5.94%, according to rates provided to NerdWallet by Zillow. (A basis

US sheds jobs in February in warning sign for Trump's economy

US sheds jobs in February in warning sign for Trump's economy

The United States unexpectedly lost jobs in February while unemployment edged up, government data showed Friday, piling pressure on President Donald Trump's economic agenda as key midterm elections approach. The world's biggest economy shed 92,000 jobs last month, in a sharp reversal from the job

US Fed warns 'economic uncertainty' weighing on consumers

US Fed warns 'economic uncertainty' weighing on consumers

The US Federal Reserve warned Wednesday that increased economic uncertainty was impacting consumer sentiment, as President Donald Trump's administration presses on with an aggressive tariffs agenda despite recent setbacks. In its "Beige Book" report on economic conditions, the central bank said that while consumer spending had

What's in the bipartisan housing bill?

(The Center Square) – U.S. senators will vote this week on a massive bipartisan package that aims to expand housing supply and affordability for Americans. The 21st Century ROAD to Housing Act is a compilation of the House’s and Senate’s respective housing bills, with some last-minute deletions

Iran war threatens Trump fight with inflation

Iran war threatens Trump fight with inflation

US-Israeli strikes in Iran, and Tehran's retaliation, are set to trigger a surge in US gas prices with a potential knock-on inflationary hit that could pile pressure on President Donald Trump domestically as midterm elections approach. Economists warn that costs at the gas pump -- a politically

Oil extends gains on US-Iran tensions, stocks retreat

Oil extends gains on US-Iran tensions, stocks retreat

Oil prices rose to multi-month highs while global stocks mostly retreated as markets weighed sharpening rhetoric from President Donald Trump on Iran suggesting a military strike was more likely. Brent oil futures finished up nearly two percent at $71.66 a barrel after earlier reaching its highest level since

US Fed Governor Miran scales back call for rate cuts this year

US Fed Governor Miran scales back call for rate cuts this year

US Federal Reserve Governor Stephen Miran has scaled back his expectations of how much the central bank should lower interest rates this year, he said in an interview published Thursday. "The labor market came in a little bit better than I came to expect over the last few months,