European Central Bank, Citing Wage Growth, Keeps Rates Steady
Although inflation has eased, the eurozone’s central bank said that “domestic price pressures remain high.” Rates remain the highest in the central bank’s history.
Posted inBanking and Financial Institutions Federal Reserve System House Financial Services Committee Inflation (Economics) Interest Rates Labor and Jobs Powell, Jerome H Prices (Fares, Fees and Rates) United States Economy
Fed Chair Powell Still Expects to Cut Rates This Year, but Not Yet
Jerome H. Powell, chair of the Federal Reserve, said policymakers still expect to lower rates in 2024 — but the timing hinges on data.
Posted inBiden, Joseph R Jr Consumer Behavior Inflation (Economics) Interest Rates New York Times/Siena College Poll Polls and Public Opinion Presidential Election of 2024 Prices (Fares, Fees and Rates) Trump, Donald J United States Economy United States Politics and Government Wages and Salaries
Brighter Economic Mood Isn’t Translating Into Support for Biden
Voters feel slightly better about the economy as inflation recedes, but partisan divides remain deep, a Times/Siena poll found.
Posted inBiden, Joseph R Jr Federal-State Relations (US) Interest Rates Mortgages Polls and Public Opinion Presidential Election of 2024 Prices (Fares, Fees and Rates) Real Estate and Housing (Residential) United States Economy United States Politics and Government
High Mortgage Rates Leave Biden Searching for Housing Relief
The president and his team are seeking ways to help Americans afford to rent and buy homes, as high borrowing costs dampen views of the economy.