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Key Fed Inflation Rate Revised Lower As GDP Growth Slides; S&P 500 Trims Losses
Investor's Business Daily· 20 minutes agoMost of the hit came from a bigger decline in goods purchases, which fell 1.9% vs. the initial 0.4%...
Goldman's Beth Hammack has a new job: Cleveland Fed president
Business Insider via Yahoo Finance· 42 minutes agoThe central bank raised borrowing costs from close to zero to around 5.5% between March 2022 and...
Stocks slide, dollar gains as rate cut outlook dims
AFP via Yahoo Finance· 17 hours agoStock markets fell Wednesday as investors locked in profits after indicators and comments from central bankers further dented hopes for interest rate...
Best CD rates today: Rates stay high above 5% APY on CD terms of 12+ months — May 30, 2024
AOL· 2 hours agoAn updated personal consumer spending report is due on May 31, offering another clue as to whether...
Daily mortgage rates for May 30, 2024: Rates push higher on popular terms
AOL· 4 hours agoSee average mortgage rates for today, for a 30-year fixed mortgage, 15-year fixed, jumbo loans,...
Inflation pressures lingering from pandemic are keeping Fed rate cuts on pause
Anchorage Daily News· 11 hours agoHopes for interest rate cuts this year by the Federal Reserve are steadily fading, with a stream of...
Cleveland Fed names former Goldman Sachs executive Beth Hammack to succeed Mester as president
Seattle Times· 23 hours agoHammack was named a partner in 2010. Hammack’s appointment comes at a critical moment for the Fed....
Chief economist defies Fed’s hawkish pivot; no rate hikes this year despite ‘dramatic turnaround’
Fortune via Yahoo Finance· 20 hours agoHousing “still is quite a significant risk, that it could put upward pressure on inflation over the...
Guest column: Americans 'skidding' down economic runway
Worcester Telegram & Gazette via Yahoo Finance· 4 days agoBiden-administration economists have boasted of achieving “a soft landing” with the economy. Federal...
The Fed indicated rates will remain higher for longer. What does that mean for you?
San Francisco Chronicle· 22 hours agoMortgage rates, credit card rates, auto loan rates, and business loans with variable rates will all...