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MARK-TO-MARKET: Fed signals caution on lowering interest rates
Quad-City Times· 5 days agoThe U.S. Federal Reserve has a highly unenviable task — to drive inflation back down to its target rate of just 2%. To the Fed’s credit, by June 2023, inflation had declined to 3.1%. Over the ...
Letters: Utility benefits | Limiting democracy | Incarcerated voices | Climate change | Jobs...
San Jose Mercury News· 6 days agoSubmit your letter to the editor via this form. Re: “California Supreme Court to hear appeal seeking...
5 signs of under-the-radar economic pain from the Fed's favorite on-the-ground source
Fortune· 6 days agoFormer Fed Vice Chair Alan Blinder once described it as the “ask your uncle” approach to economics. Its release this week followed strong consumer spending data and the third hot inflation report ...
Mortgage rates surpass 7% for the first time this year
AOL· 6 days agoMortgage rates are on the up and up. Mortgage rates rose from 6.88% to 7.10% this week. Daily mortgage rates are higher, and as of the latest reading, the average 30-year fixed rate is 7.44% ...
JPMorgan warns stock market sell-off has 'further to go'
AOL· 3 days agoStocks rebounded from their recent slump on Monday, but some bearish Wall Street strategists still see concerns that aren't going away anytime soon for investors. With expectations that the ...
Greenback bounceback set to stay
InvestmentNews· 4 days agoThe world’s financial markets are encountering a force they didn’t bet on for 2024: A strong dollar is back and looks set to stay. Having entered the year predicting the greenback would decline ...