The Federal Reserve on Wednesday raised its benchmark interest rate by 75 basis points for the third straight month as it tries to bring scorching-hot inflation under control, a move that threatens to slow U.S. economic growth and exacerbate financial pain for millions of households and businesses.
The Federal Reserve’s favored inflation measure rose 0.1% in March, a slower pace than in February and matching expectations, the Bureau of Economic Analysis reported on Friday. The core personal consumption expenditures price index that […]
New YorkCNN — A senior official at the Federal Reserve is pushing back against growing hopes on Wall Street that the central bank could be nearly done raising interest rates. In a pair of speeches on Saturday […]
Real house prices—prices adjusted for inflation—have steadily increased in the U.S. since 2012. Further acceleration in the pace of house-price appreciation began before the pandemic but has strengthened noticeably since early 2020. For prospective buyers […]
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