U.S. economic data on Thursday morning is expected to show that the year opened with the third straight quarterly expansion in gross domestic product.
Category: Interest Rates
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First Republic Lurches as It Struggles to Find a Savior
The bank is sitting on big losses and paying more to borrow money than it is making on its loans to homeowners and businesses.
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Regional U.S. Banks Say the Crisis Is Contained but Fears Persist
In recent calls with investors, regional bank leaders tried to cast the turmoil in the industry spurred by the collapse of Silicon Valley Bank as a moment that has passed.
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America’s Inflation Antihero Gets a Makeover
As the Fed fights inflation with a wary eye on the 1970s, some are arguing that Arthur Burns, the Fed chair at the time, gets too bad a rap.
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The Fabulous Yields, and Lurking Risks, of Money Market Funds
The funds are paying enticing interest rates right now. But the debt ceiling and signs of weakness in the banking system are worrisome, our columnist says.
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Saving for a Down Payment and Retirement: What to Know
With mortgage rates and prices high, first-time home buyers find these competing goals aren’t always doable, at least at the same time. Here are points to consider.
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Unemployment Is Low. Inflation Is Falling. But What Comes Next?
Despite hopeful signs, economists worry that a recession is on the way or that the Federal Reserve will cause one in trying to rein in inflation.
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Fed Officials in March Wanted to Remain Flexible on Future Rate Increases
Minutes from the Federal Reserve’s March 21-22 meeting showed that officials were grappling with how much more to lift borrowing costs.
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Bitcoin Price Continues Rally, Gaining More Than 80% This Year
The cryptocurrency extended its gains after another big jump on Tuesday, topping $30,000 for the first time since June.
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From Winemakers to Builders, Borrowers Brace for Fallout From Bank Turmoil
Economists are watching for the aftereffects of recent bank collapses across many industries. How bad could it get?
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Why Older People Can’t Get New Mortgages
Despite solid financial track records, many older Americans have a hard time refinancing because of their mortality risks and lower retirement incomes.
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U.S. Job Growth Eases, but Extends Its Streak
Employers added 236,000 jobs as the Federal Reserve’s interest-rate increases appeared to take a toll. The unemployment rate fell to 3.5 percent.