Interest rate cuts are on the horizon, but high mortgage rates could be here to stay
The Federal Reserve laid the groundwork for a September interest rate cut at the conclusion of its two-day meeting Wednesday,...
Economy
US job growth slows to 114K in July while unemployment unexpectedly jumps
U.S. job growth cooled sharply in July while the unemployment rate unexpectedly rose to the highest level in nearly three...
The July jobs report just triggered a reliable recession indicator
The weaker-than-expected July jobs report triggered a reliable recession indicator that Wall Street closely monitors, reigniting concerns about the health...
Which industries hired the most workers in July?
Job growth sputtered in July as many industries like manufacturing, retail and trade pulled back on hiring. Employers added 114,000...
Las Vegas Mirage has $1.6M up for grabs before closure next week
Winner, winner, chicken dinner. Before the last volcano erupts in front of the Mirage on the Las Vegas Strip, the...
Inflation unexpectedly falls to 3% in June
Inflation cooled more than expected in June, a welcome sign for the Federal Reserve even as prices remained uncomfortably high...
Mortgage rates tick down, still stuck near 7%
Mortgage rates fell slightly this week but are still hovering around 7%, remaining uncomfortably high for many would-be buyers. Freddie...
How it started … How it’s going: Inflation down in June, but food, housing prices still up under Biden
President Biden took a victory lap Thursday after inflation dropped for the first time in four years, although prices remain...
Fed’s Powell condemns Trump assassination attempt: A ‘sad day for our country’
Federal Reserve Chair Jerome Powell on Monday condemned the attempted assassination of former President Donald Trump at a Pennsylvania rally...
Fed’s Powell says officials won’t wait until inflation reaches 2% to cut rates
Federal Reserve Chair Jerome Powell said Monday that policymakers will not wait until inflation falls to 2% in order to...
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