President Donald Trump has renewed his attacks on the Federal Reserve after it hiked its benchmark interest rate Wednesday, but the Fed matters less than broader economic trends when it comes to longer-term borrowing costs, economists say.
Wall Street is drifting toward the finish of an up -and- down week on Friday, and U.S. stock indexes are mixed as bond yields rise and oil prices swing.
Budget airfares could become even harder to find soon.
Home mortgage applications dropped 19% from a year ago amid rising interest rates, that’s according to the Mortgage Bankers Association.
U.S. stocks are jumping Thursday and clawing back most of their losses for the week.
The Federal Reserve raised its benchmark interest rate Wednesday for the first time since 2023 in an effort to quell stubbornly-high inflation, a move that could spur a sharp response from the White House.
A trade war between the United States and Canada is making it more difficult and expensive for small businesses in the economically entwined countries to operate, according to business owners caught in the crossfire.
Wall Street is holding steady Wednesday as it waits to hear from the Federal Reserve, which traders expect will announce a hike to interest rates later in the day to help get the nation’s high inflation under control.
Consumers may be griping about higher prices at the pump and elsewhere, but they keep spending, helping to power the economy, according to the latest government snapshot.
Americans’ median household income rose to a record high last year even as affordability remained a major concern.
