Interest Rates

Help wanted sign is displayed in Deerfield, Illinois, Wednesday, Sept. 21, 2022. More Americans filed for unemployment benefits last week, but the labor market remains strong even in the face of persistent inflation and a slowing overall U.S. economy. Jobless claims for the week ending Oct. 1 rose by 29,000 to 219,000, the Labor Department reported Thursday, Oct. 6.

Job openings unexpectedly rose in September amid high interest rates

Zach Halaschak · November 1, 2023 2:03 pm

This photo shows a street sign for Wall Street outside the New York Stock Exchange in New York.

Business economists report ‘more challenging’ business environment amid higher interest rates

Zach Halaschak · October 30, 2023 9:00 am

Federal Reserve Chairman Jerome Powell speaks at a meeting of the Economic Club of New York, Thursday, Oct. 19, 2023, in New York.

Fed, still worried about inflation, expected to forgo rate hike this week

Zach Halaschak · October 28, 2023 9:24 am

A shopper peruses cheese offerings at a Target store Wednesday, Oct. 4, 2023.

Inflation holds steady at 3.4% in September in Fed’s preferred gauge

Zach Halaschak · October 27, 2023 12:36 pm

Treasury Secretary Janet Yellen speaks at the Atlantic Council Global Citizen Awards, Wednesday, Sept. 20, 2023, in New York.

Yellen says economy may pull off ‘soft landing’ after strong GDP report

Zach Halaschak · October 26, 2023 8:20 pm

The Commerce Department will release its second of three estimates of growth for the January-March quarter as measured by the gross domestic product. (AP Photo/Alan Diaz)

Economic growth surged in third quarter to 4.9% rate despite high interest rates

Zach Halaschak · October 26, 2023 12:32 pm

Home sale signs are posted along Topanga Canyon road in Los Angeles, on Thursday, Oct. 19, 2023. Sales of previously occupied U.S. homes in September fell for the fourth month in a row, grinding to their slowest pace in more than a decade as prospective homebuyers grapple with surging mortgage rates and a near historic-low level of properties on the market.

New home sales increase in September to highest rate in 19 months

Zach Halaschak · October 25, 2023 2:03 pm

Indiaâs Prime Minister Narendra Modi and President Biden,Â June 2023.

Buying now 50% more expensive than renting, thanks to soaring mortgage rates

Zach Halaschak · October 23, 2023 9:26 pm

Home sale signs are posted along Topanga Canyon road in Los Angeles, on Thursday, Oct. 19, 2023. Sales of previously occupied U.S. homes in September fell for the fourth month in a row, grinding to their slowest pace in more than a decade as prospective homebuyers grapple with surging mortgage rates and a near historic-low level of properties on the market.

Housing disaster threatens economy in front of Biden’s eyes

Joseph Lawler and Zach Halaschak · October 23, 2023 7:41 pm

Stack of multicolored credit cards close-up view with selective focus.

Interest rates for retail credit cards hit record as Fed works to contain inflation

Zach Halaschak · October 23, 2023 3:49 pm

Blank stimulus checks are seen on an idle press at the Philadelphia Regional Financial Center, which disburses payments on behalf of federal agencies, in Philadelphia, Thursday, May 8, 2008. The first batch of rebate payments started hitting bank accounts last week through direct deposits. Treasury Secretary Henry Paulson, Vice President Dick Cheney and other Bush administration officials are visiting government check printing centers around the country on Thursday for events highlighting the fact that millions of rebate checks are in the mail.

Ten-year Treasury yield touches 5%, highest since before Great Recession

Zach Halaschak · October 20, 2023 7:00 pm

Sen. Chuck Schumer of New York. (AP Photo/J. Scott Applewhite)

Housing market red alert: Mortgage rates hit 8%, highest since turn of century

Zach Halaschak · October 19, 2023 8:11 pm