The average rate on a 30-year mortgage has been rising again, making it even harder for buyers to afford homes, which are in short supply.
Category: Inflation (Economics)
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Why Wall Street is Gung-ho on the Housing Market
Despite mortgage rates hitting multidecade highs and jitters in the bond market, demand for new homes is strong and prices are rising.
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Walmart Records Strong Sales as It Draws More Shoppers
The retail giant raised its forecasts for revenue and profit this year, as it attracts consumers seeking cheaper groceries and other essentials.
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Fed Officials Avoided a Victory Lap at July Meeting
Federal Reserve officials raised interest rates at their July 26 meeting, but investors doubt that they will lift them again this year.
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U.K. Inflation Eases to 6.8% as Energy Prices Fall
The slowdown in price pressures comes as wages are rising at a record pace, which could lead to further increases in interest rates by the Bank of England.
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Wall St. Weighs the Effect of Weaker China and Stronger U.S.
Investors are worried about the Chinese economy teetering as well as signs that the U.S. economy may be growing too fast for inflation to moderate.
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Roaring Back From Pandemic, Japan’s Economy Grows by 6 Percent
The rapid expansion came as exports have risen and tourists have flooded the country.
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Make the Whole Place Shimmer: America Spends Big for Beyoncé and Taylor Swift
The artists’ fans have been shelling out on lavish wardrobes, parties and travel, generating business and boosting spending in host cities.
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America Spends Big for Beyoncé’s “Renaissance” and Taylor Swift’s “Eras” Tours
The artists’ fans have been shelling out on lavish wardrobes, parties and travel, generating business and boosting spending in host cities.
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Russia Tries to Bolster Ruble as Inflation Adds to Economic Woes
The central bank in Moscow took steps to counter the currency’s slide, but the war and resulting sanctions have put intense pressure on the economy.