NEW YORK (AP) — The Federal Reserve has cut its benchmark interest rate from a 23-year high, affecting consumer and business debt, savings, auto loans, mortgages and other forms of credit. On Wednesday, the Fed announced that it had cut its benchmark interest rate by an unusually large half a percentage point to between 4.75 […]
Important points There is an unusual atmosphere of uncertainty surrounding the meeting of the US Federal Reserve on Wednesday. Why? No one is sure whether the Fed will cut its benchmark interest rate by the usual quarter of a percentage point or even by an even more aggressive half a percentage point. In addition, the […]
Americans with record credit card debt carry their debt longer Will the federal government’s potential interest rate cuts help Americans pay off their credit card debt in the second half of 2024? Scripps News This week, interest rates are expected to fall for the first time in four years, but experts say this is unlikely […]
WASHINGTON (AP) — The post-pandemic surge in U.S. inflation continued to ease last month as year-over-year price increases hit a three-year low, paving the way for a rate cut by the Federal Reserve and likely to shape the economic policy debate in the final weeks of the presidential campaign. Wednesdays report from the Labor Department […]
Personal data of millions of Americans hacked in data theft Millions of social security numbers were hacked after a massive data theft. Here’s how you can protect yourself. This year, nearly 68 million American retirees, veterans and dependents rely on Social Security benefits each month to make ends meet. For nearly 30% of Americans, these […]
HocusFocus | The dollar traded near two-week highs against the euro on Tuesday as traders prepared for a data-rich week, including Friday’s U.S. jobs report, which could determine the path of interest rate cuts by the U.S. Federal Reserve. Investors will be focusing on US jobs data this week after Fed Chairman Jerome Powell last […]
Kamala Harris briefs crowd in Raleigh on affordable housing plan Democratic candidate Kamala Harris visited Raleigh, North Carolina, to talk about her economic program and affordable housing. Home closings fell to a more than 20-year low in July as mortgage rates remained high, supply was tight and many homebuyers seemed to have simply given up […]
It’s painfully obvious to homebuyers that real estate prices in Fort Collins have been rising aggressively for years. So what is the median house price today and how has it changed over the last five years? Below is a chart showing median sales prices, broken down by single-family homes and townhomes/condos, from 2019 to 2024. […]
2 minutes reading time High vacancy rate at Preakness Shopping Center in Wayne Aerial view of the Preakness Shopping Center in Wayne, NJ, in April 2023. Retailers continue to disappear from the mall on Hamburg Turnpike well into 2024. Amid a slew of retail bankruptcies, retail store closures have outpaced new openings this year for […]
WASHINGTON (AP) — Officials of the U.S. Federal Reserve have said they are increasingly confident that they Inflation almost curbed. Now it is about the health of the Job market this begins to make her uneasy. With inflation cooling towards the 2% target, hiring slowing and Unemployment rate rises slightlyThe Fed is poised to cut […]
