Will the Fed's rate cut bring down mortgage rates?
While the federal funds rate is not what consumers pay directly, it affects borrowing costs for home equity lines of credit, auto loans and credit cards. Mortgage rates are linked to moves in the 10-year Treasury yield.
While the federal funds rate is not what consumers pay directly, it affects borrowing costs for home equity lines of credit, auto loans and credit cards. Mortgage rates are linked to moves in the 10-year Treasury yield.
Federal Reserve slashes key rate by half-point, signals end of inflation battle
The Federal Reserve cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates helped tame inflation but that also made borrowing painfully expensive for consumers.
The Federal Reserve cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates helped tame inflation but that also made borrowing painfully expensive for consumers.
Poll shows Americans take dim view of grocery industry amid recalls, inflation
A recent Gallup poll reveals a shift in Americans' opinions of the grocery industry, with more negative than positive views for the first time. Concerns over inflation and food safety have contributed to declining confidence in a once highly-rated sector.
A recent Gallup poll reveals a shift in Americans' opinions of the grocery industry, with more negative than positive views for the first time. Concerns over inflation and food safety have contributed to declining confidence in a once highly-rated sector.
Fast food kids meal prices jump: Here's how much they've increased over 10 years
A new study reveals that fast food kids meal prices have risen 43% over the past decade, outpacing inflation. Chick-fil-A leads with a 63% increase, while Dairy Queen saw the smallest change at 21%. Find out how your favorite chains compare.
A new study reveals that fast food kids meal prices have risen 43% over the past decade, outpacing inflation. Chick-fil-A leads with a 63% increase, while Dairy Queen saw the smallest change at 21%. Find out how your favorite chains compare.
Where is inflation the highest? Chicago, New York rank near top
New data released by the Labor Department revealed which cities have the highest inflation rates.
New data released by the Labor Department revealed which cities have the highest inflation rates.
Inflation continues to cool, latest numbers show
The prices of gas, groceries and cars are either falling or rising at slower rates than before the pandemic. That’s after peaking at a 40-year high in mid-2022.
The prices of gas, groceries and cars are either falling or rising at slower rates than before the pandemic. That’s after peaking at a 40-year high in mid-2022.
US inflation hits 3-year low as Federal Reserve set to cut interest rates
With the cost of goods and services experiencing a slight decline in August, the Federal Reserve may consider cutting its key interest rate soon.
With the cost of goods and services experiencing a slight decline in August, the Federal Reserve may consider cutting its key interest rate soon.
Here's how much the typical American household earned last year
The inflation-adjusted median income of U.S. households rebounded last year to roughly its 2019 level.
The inflation-adjusted median income of U.S. households rebounded last year to roughly its 2019 level.
Company plans to track workers' locations in return-to-office crackdown
One of the world's biggest consulting and accounting firms plans to monitor its employees' locations to ensure compliance with a stricter return-to-office policy set to take effect next year.
One of the world's biggest consulting and accounting firms plans to monitor its employees' locations to ensure compliance with a stricter return-to-office policy set to take effect next year.
August jobs report shows job losses for US-born workers, gains for foreign-born
The August jobs report reveals a sharp contrast in the U.S. job market, with US-born workers losing over 1.3 million jobs in the past year, while foreign-born workers gained more than 1.2 million jobs.
The August jobs report reveals a sharp contrast in the U.S. job market, with US-born workers losing over 1.3 million jobs in the past year, while foreign-born workers gained more than 1.2 million jobs.
Policy experts react to Trump's 'incomprehensible' child care cost plan
Donald Trump was asked what he would do to make child care more affordable in the U.S. The person who asked the question called his answer "incomprehensible at best."
Donald Trump was asked what he would do to make child care more affordable in the U.S. The person who asked the question called his answer "incomprehensible at best."
US economy adds 142,000 jobs as unemployment rate falls slightly, Dept. of Labor reports
Hiring in the U.S. grew slightly in August compared to last month as the unemployment rate dipped for the first time in a few months.
Hiring in the U.S. grew slightly in August compared to last month as the unemployment rate dipped for the first time in a few months.
Americans turn to sausage as economic pressures persist, survey finds
A new survey reveals that more Americans are opting for sausage over pricier meats.
A new survey reveals that more Americans are opting for sausage over pricier meats.
Harris opposes US Steel sale to Japanese firm at Pittsburgh rally with Biden
Vice President Kamala Harris, alongside President Joe Biden at a Labor Day rally in Pittsburgh, voiced her strong opposition to the sale of U.S. Steel to Japan’s Nippon Steel, emphasizing the importance of keeping the company American-owned and supporting domestic jobs.
Vice President Kamala Harris, alongside President Joe Biden at a Labor Day rally in Pittsburgh, voiced her strong opposition to the sale of U.S. Steel to Japan’s Nippon Steel, emphasizing the importance of keeping the company American-owned and supporting domestic jobs.
More than 50% of Americans opting for 'rent-first' lifestyle, survey finds
A recent survey by Credit Karma reveals that over 50% of Americans are choosing a 'rent-first' lifestyle, prioritizing flexibility and savings over traditional ownership in various aspects of life, from housing to cars and fashion.
A recent survey by Credit Karma reveals that over 50% of Americans are choosing a 'rent-first' lifestyle, prioritizing flexibility and savings over traditional ownership in various aspects of life, from housing to cars and fashion.
Where Trump, Harris stand on easing childcare costs
On this topic, Trump and Harris have one main commonality: Both have supported a higher child tax credit. Here’s what they’ve said.
On this topic, Trump and Harris have one main commonality: Both have supported a higher child tax credit. Here’s what they’ve said.
Canada rail strike to end after government forces arbitration
A Canadian railroad strike will apparently be short-lived: the government has ordered the country's two major railroads to enter arbitration and get trains rolling again.
A Canadian railroad strike will apparently be short-lived: the government has ordered the country's two major railroads to enter arbitration and get trains rolling again.
Gen Z cynical about future as majority call cost of living the number one election issue
Gen Z young adults are "struggling to remain optimistic" about their economic futures, a new report says, as rising costs of living and unaffordable housing prices make them re-evaluate their dreams.
Gen Z young adults are "struggling to remain optimistic" about their economic futures, a new report says, as rising costs of living and unaffordable housing prices make them re-evaluate their dreams.
Inflation driving a thorn into wedding plans, with budding newlyweds trimming flowers from their budgets
Inflation has led budding newlyweds to cut costs in ways they may never have expected, and that includes trimming the rising cost of flowers for their ceremonies.
Inflation has led budding newlyweds to cut costs in ways they may never have expected, and that includes trimming the rising cost of flowers for their ceremonies.
Inflation eases in July, but these cities are dealing with the worst of it: Study
Inflation fell in July to the lowest level in more than three years.
Inflation fell in July to the lowest level in more than three years.