The U.S. Federal Reserve took a half point off its key lending rate in September, but mortgage interest rates have gone in the opposite direction since then.
Tag: U.S. economy
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AS EXPECTED, FED CUTS RATE BY A QUARTER POINT
Last week, the U.S. Federal Reserve cut its key interest rates by a quarter point, dropping interest on deposits to 4.5 percent and on loans to 4.75 percent.
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ECONOMIC UPDATE—MARKET OVERVIEW, SPECIAL REPORT: THE U.S. PRESIDENTIAL ELECTION AND THE U.S. ECONOMY
Donald Trump told voters that under his economic policies, “incomes will skyrocket, inflation will vanish completely, jobs will come roaring back, and the middle class will prosper like never before.”
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TOP TREND 2023, OFFICE BUILDING BUST: COMPANIES ORDER WORKERS BACK TO OFFICES, LEASE MORE SPACE—BUT…
In a sign that the tumbling market for office space might be bottoming out, companies are ordering workers back to the office and, as those employees comply, businesses are finding they need to expand their office space, The Wall Street Journal reported.
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GOING OUT OF BUSINESS TRENDS
The economic landscape has presented an array of challenges that have profoundly affected the business community.
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
The retail, restaurant, manufacturing, automotive and tech industries continue to be hit hard as prices increase and demand slows.
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U.S. ECONOMIC BRIEFS
Last month, U.S. manufacturing activity shrank to its lowest point this year.
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ALMOST A THIRD OF U.S. CAR LOANS ARE UNDERWATER
About 31 million of the roughly 100 million people making car payments owe more than their car is worth, putting the loan “underwater,” according to CarEdge, an online auto dealer.
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KEY INFLATION MEASURE FALLS TO 2.1 PERCENT IN SEPTEMBER
The Personal Consumption Expenditures Price Index, the U.S. Federal Reserve’s preferred measure of inflation, ran at an annualized rate of 2.1 percent in September, according to government data.
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U.S. ECONOMY EXPANDS 2.8 PERCENT IN THIRD QUARTER
Government and consumer spending propelled the U.S. economy to expand by 2.8 percent in the third quarter, the commerce department reported.