Something surprising happened on the way toward the highest U.S. interest rates in more than a dozen years: Neither consumers nor businesses buckled under the weight of higher borrowing costs from ...
Mortgage rates hit 7% for the first time since May 2024 on Thursday, providing another drag in an already tough housing market. The climbing mortgage rates come even after the Federal Reserve cut ...
Mortgage rates hit 7% for the first time since May 2024 on Thursday, providing another drag in an already tough housing market. The climbing mortgage rates come even after the Federal Reserve cut ...
Retail sales grow by 0.4% month-on-month in December, slower than expected By Investing.com - Jan 16, 2025 7 Investing.com - US retail sales increased at a slower-than-anticipated month-on-month ...
Although inflation came in slightly below expectations, analysts do not expect to see the Fed back further interest rate cuts until at least July, reflecting the continued strength of the economy.
"But for the past five months we've had another rising trend. This has got the Fed back into short-termism, reacting too much to short-term data, not being strategic." Gundlach, a noted fixed ...