Hike

U.S. Home Prices Drop at Fastest Pace Since 2009

Home prices in the U.S. are sinking at the fastest monthly pace since the Great Recession, evidence that rising mortgage rates are rapidly slowing activity in the housing market.

Gas Price Hits Record High $6.46 in Los Angeles, Soars Past June High

Gov. Newsom is asking refineries to switch to their winter blend gas, which is typically cheaper, earlier than normal.

Recession Watch: ‘Very Concerning’ Sign Of Serious Economic Slowdown Emerges As Stock Market Collapses

Topline A growing rash of economists are warning the odds of a recession have increased amid a historic inversion of the yield curve—a telltale sign...

What the Fed’s Jumbo Rate Hike Means for Your Budget

The Federal Reserve raised interest rates by 75 basis points during its September Federal Open Market Committee (FOMC) policy meeting.

Stubbornly High Rents, Food Prices Boost U.S. Inflation in August

U.S. consumer prices unexpectedly rose in August and underlying inflation accelerated amid rising costs for rents and healthcare, giving the Federal Reserve ammunition to deliver a third 75 basis points interest rate hike next Wednesday.

1,300 New York Times Staffers Refuse Order to Return to Office

More than a thousand New York Times employees are refusing a company order to return to the office at least three days a week, citing inflationary pressures.

Inflation Continued to Climb in August, Defying Expectations

The Consumer Price Index (CPI), a key measure of inflation, increased by 8.3 percent in August compared to the same time last year and increased 0.1 percent from the previous month, the Bureau of Labor Statistics revealed on Tuesday.

Recession Watch: Fears Return As Fed Warns Americans Of ‘Some Pain’ As Economy Braces For More Job Cuts

Fears of an impending recession once again escalated Friday after Federal Reserve Chair Jerome Powell warned economic growth will suffer as the central bank works to ease decades-high inflation

Housing Starts Plunge 9.6%, Raising Recession Fears

The number of housing starts tumbled in July, an indication that the housing market is taking a hit and may be falling into a recession.

Americans Deeper in Debt as Credit Card Spending Spikes Amid Inflation

Many consumers are leaning on their credit cards more and more as the price of everyday goods continues to climb.

Latest news

- Advertisement -spot_img