The only question surrounding rate cuts from the Federal Reserve boils down to not “when?” but … “how much?” The central bank seems all but certain to tamp down interest rates, cutting the Fed Funds rate for the first time in almost exactly four years....
Construction spending in the U.S. declined unexpectedly in March after being unchanged in February. Data from the Census Bureau released Wednesday (May 1) showed spending at a seasonally adjusted annual rate of $2.083 trillion, 0.2% below the revised February estimate of $2.087 trillion. A report by Reuters notes the dip...
The nation’s closely watched Consumer Price Index fell to a nine-month low of 7.7% in October, as the impact of rising interest rates and weaker consumer demand saw the key benchmark post its fourth consecutive decline. According to the latest government data from the Bureau...
The ranks are thinning at FinTech firms. In a week that’s seen its share of earnings announcements and a fourth rate hike from the Federal Reserve, a spate of layoffs also rocked the sector, including a few members of the FinTech IPO Index. The cuts...
November 04, 2022
The ranks are thinning at FinTech firms. In a week that’s seen its share of earnings announcements and a fourth rate hike from the Federal Reserve, a spate of layoffs also rocked the sector, including a few members of the FinTech IPO Index. The cuts are a response to a macro climate that scarcely could […]
October 17, 2024
America’s economy is in a better place than previously thought, new Fannie Mae research shows. The mortgage company’s Economic and Strategic Research (ESR) Group released these findings Thursday (Oct. 17), based on annual revisions to national accounts and improved employment numbers in August and September. “While the ESR Group still expects economic growth to slow from the robust 3.2 […]
May 01, 2024
Construction spending in the U.S. declined unexpectedly in March after being unchanged in February. Data from the Census Bureau released Wednesday (May 1) showed spending at a seasonally adjusted annual rate of $2.083 trillion,...
November 10, 2022
The nation’s closely watched Consumer Price Index fell to a nine-month low of 7.7% in October, as the impact of rising interest rates and weaker consumer demand saw the key...
September 19, 2022
Opendoor Technologies reported it lost money on 42% of transactions in August as the U.S. housing market falters for builders, flippers and others looking to sell houses, Bloomberg wrote Monday (Sept....
