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Mortgage Interest Rates Today: Mortgage Rates Retreat Again on Better-Than-Expected Inflation, Jobs Reports
The average rate on 30-year fixed home loans from Freddie Mac ticked down again to 6.84% for the week ending June 12.
Consumer sentiment rises for 1st time this year as inflation remains tame
Consumer sentiment increased in June for the first time in six months, the latest sign that Americans’ views of the economy have improved as inflation has stayed tame and the Trump administration has reached a truce in its trade fight with China.
WIW: 8%-Plus Yield, 11% Discounted Inflation Protection
WIW is a leveraged closed-end fund focused on inflation-linked securities, offering current income amid rising inflation forecasts for 2025. Click for more on the WIW CEF.
Inflation Ticked Up to 2.4% in May, Driven by Rising Housing Costs
The consumer price index increased 0.1% for the month of May, lower than economists' predictions, with the annual rate reaching 2.4%.
Israel's inflation rate eases more than expected to 3.1% in May
Israel's annual inflation rate eased more than expected to 3.1% in May, official data showed on Sunday, although it is still slightly above target and the escalation of the country's conflict with Iran poses additional risks to the outlook.
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Soft inflation data meets Middle East turmoil: The week in markets
Major equity indices, which had been hovering near all-time highs, pulled back as geopolitical risks surged back to the forefront.
Is your paycheck keeping pace with inflation? It depends on your job.
The average hourly earnings for private sector workers in Michigan has increased at nearly the same rate as inflation in the past five years.
ECB's Lagarde says 2% inflation target in reach
The European Central Bank's inflation target of 2% is in reach, ECB President Christine Lagarde was quoted as saying in an interview published on Saturday. In the interview with China's Xinhua news agency earlier this week which was released on the ECB website,
Oil-Price Surge Could Complicate U.S. Inflation Fight
A sustained surge in oil prices is likely to complicate the U.S. fight against inflation. A $10-a-barrel increase would boost year-over-year growth in the consumer-price index by 0.5 percentage points,
Israel-Iran Conflict Risks More Inflation, Delayed Fed Rate Cuts
Israel’s attacks on Iran’s nuclear facilities risk pushing back the timeline for Federal Reserve interest-rate cuts as the US central bank waits to assess any potential impact on inflation, economists said.
US wholesale inflation heated up in May
The latest Producer Price Index, a closely watched measurement of wholesale inflation, rose 0.1% in May, lifting the annual rate to 2.6%, according to Bureau of Labor Statistics data released Thursday.
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