There’s not much evidence to suggest that 2% leads to economic magic.
While the Fed has continued to hike interest rates, the average interest rate on a 30-year fixed rate mortgage has dropped from 7.16% to 6.4%.
About 225,000 filed unemployment claims last week. The public soured on the Fed the last time it jacked up interest rates to quell inflation.
“Interest in the crypto space, generally speaking, tends to track the price of bitcoin,” a UCLA professor says of his computer science students.
The U.S. isn’t the only country with a central bank that’s hiking rates. Here’s how that’s affecting housing markets around the world.
Airlines and manufacturers say they need more time to retrofit planes to prevent the cell technology from interfering with altimeters.
Most states don’t tax groceries. But the treat used in candied yams and s’mores tests the definition.
The industry is trying to distance itself from the collapsed exchange. Can it?
Seattle recently had to redraw its budget after forecasting a $27 million drop in revenue from one real estate tax.
Some research suggests the “scarring” experienced by young workers during a recession has a silver lining: happiness later in life.
