Key Fed Indicator Shows Inflation Rose in December
The core index, one that strips volatile food and energy costs and is used by the Fed in setting interest rates, rose 0.2% in December and 2.8% annually, unchanged from November.
Fed's wait-and-see approach likely won't be shaken by new GDP and inflation numbers
A new GDP report Thursday and the expectation of a sticky inflation reading Friday should reinforce the Federal Reserve’s new wait-and-see approach on interest rates.
US economy grew 2.8 percent in 2024, but slowed to end year
Fourth quarter economic growth eased to an annualized rate of 2.3 percent, shy of an expected 2.6 percent, as the economy ...
Fed Leaves Interest Rates Unchanged, But 2025 Cuts Are Still Expected
The Federal Reserve left interest rates unchanged on January 29, and an interest rate cut is unlikely when the Fed issues its ...
Average rate on 30-year mortgage eases for second week in as row, but remains just below 7%
The average rate on a 30-year mortgage in the U.S. eased for the second week in a row, but remains just below 7%, little ...
Jim Cramer Calls General Motors (GM) Selloff ‘Ridiculous, Ridiculous, Ridiculous’
In his appearance on CNBC’s Squawk on the Street aired before the day of the Federal Reserve’s latest interest rate ...
Stock market today: Dow, S&P 500, Nasdaq move higher with Apple earnings in the wings
US stocks gained steam on Thursday afternoon as investors digested megacap tech earnings and waited for Apple (AAPL) results ...
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A record number of consumers are making minimum credit cards payments as delinquencies also rise
Even with the rising delinquency rate, it is still well below the 6.8% peak during the 2008-09 financial crisis ... according ...
Why MercadoLibre, Inc. (MELI) Is the Best Cyclical Stocks to Buy According to Hedge Funds?
We recently compiled a list of the 8 Best Cyclical Stocks to Buy According to Hedge Funds. In this article, we are going to ...
Florida condo, townhouse sales down 10.5% in 2024. Here are Realtors' reasons
The Florida Realtors year-end report showed a 10.5% drop in condo sales following increased special assessment and hiked ...
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Italy business and consumer morale improves in January
Morale among Italian businesses and consumers improved unexpectedly in January, data showed on Wednesday, brightening ...
Wall Street follows FTSE higher as traders weigh US economy slowdown and ECB rate decision
US stocks rose on Thursday, with the Nasdaq (^IXIC) and S&P 500 (^GSPC) eyeing a comeback as investors digested news that the ...