Federal Reserve Board Chairman Jerome Powell speaks during a press conference following a closed two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, U.S., July 26, 2023. REUTERS/Elizabeth Frantz
United States

Surprisingly durable US economy poses key question: Are we facing higher-for-longer interest rates?

PHOTO: Daniel Acker | Bloomberg | Getty Images
Real Estate

U.S. consumers saying ‘bad time to buy’ a house hits 13-year high in July

PHOTO: Sasirin Pamai | Shutterstock
Markets

Fed, economists make course correction on US recession predictions

Real Estate

US housing starts surge in boost to economy

A customer pushes her shopping cart through the aisles at a Walmart store in the Porter Ranch section of Los Angeles November 26, 2013. REUTERS/Kevork Djansezian/File Photo
Money

Inflation in the United States edged up in July after 12 straight months of declines

A home under construction is shown on Sunday, Aug. 6, 2023 in Sudbury, Mass. On Thursday, Freddie Mac reports on this week’s average U.S. mortgage rates. (AP Photo/Peter Morgan)
Real Estate

Average long-term US mortgage rate climbs to 6.96% this week, matching highest level this year

Construction workers work along Church street in Decatur on Monday, July 25, 2022. PHOTO: Arvin Temkar/Atlanta Journal-Constitution.
United States

JPMorgan raises US economic growth estimate, no longer expects 2023 recession

PHOTO: Shutterstock
Entrepreneurs

Small businesses boost U.S. private payrolls in July

Signage outside Silicon Valley Bank headquarters in Santa Clara, California, US, on Thursday, March 9, 2023. PHOTO: David Paul Morris/Bloomberg
Companies

Many small U.S. banks not ready to borrow from Fed in an emergency

PHOTO: Shutterstock
Markets

Congressional Budget Office predicts slower economic growth and 4.7% unemployment into 2024

An employee works in the battery assembly hall at the BMW Spartanburg plant in Greer, S.C., Wednesday, October 19, 2022. (AP Photo/Sean Rayford, File)
Markets

U.S. economy unexpectedly accelerated to a 2.4% growth rate in April-June quarter despite Fed hikes

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