Today: 17. Dec, 2024
Wall Street remained steady near record levels on Wednesday following a significant rate cut from the Federal Reserve aimed at warding off a potential recession. This move by the Fed comes as part of its strategy to stabilize the slowing U.S. economy,…
The housing market continues to be a hot topic of discussion, especially with the Federal Reserve’s influence on mortgage rates. Rocket Companies CEO Varun Krishna recently shared insights on how rate cuts have already been factored into current mortgage rates. In a…
The Federal Reserve is expected to announce its first interest rate cut in years, bringing some relief to Americans burdened by rising living costs and sky-high borrowing rates. However, experts caution that this rate cut, while a positive step, won’t provide immediate…
September started negatively for Wall Street as the main indexes declined over 1% on Tuesday. Investors were cautious, focusing on the latest economic data, remarkably subdued factory activity reports, and looking ahead to a series of labor market updates that could influence…
As fall approaches, prospective homebuyers are anticipating a potential interest rate cut from the Federal Reserve and facing the possibility of complications related to flood insurance. Without timely action from Congress, a crucial program may lapse, making it challenging to buy, sell,…
The stock market saw a significant boost on Friday, following Federal Reserve Chair Jerome Powell’s announcement that the time has arrived to begin cutting interest rates. This declaration marks the clearest indication yet that the Federal Reserve is prepared to initiate an…
Kamala Harris, the Vice President of the United States, is making waves on Wall Street, having garnered crucial endorsements from some of its most powerful figures as she launches her presidential campaign. As Harris seeks to resonate with Americans disillusioned by the…
Many worry about their financial stability as Americans grapple with rising living costs. However, a recent study by the JPMorgan Chase Institute reveals a more optimistic outlook. The research indicates that most households can manage a moderate financial shock, such as an…
In a week marked by impressive gains, Wall Street managed to maintain its upward trajectory as the U.S. stock market steadied on Monday. The S&P 500 increased by 0.3% in morning trading, building on its performance from what was its best week…
Inflation continued its downward trend in July 2024, driven by easing prices for consumer staples and physical goods. According to the U.S. Department of Labor, the Consumer Price Index (CPI) increased by 2.9% from the previous year, a decline from June’s 3%…
