The average rate on a 30-year mortgage in the United States jumped to 6.46 percent, making it harder for buyers to afford homes.
Category: United States Economy
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Why Trump’s Iran Address Failed to Soothe Markets
Oil surged and stocks sold off after the president delivered an unclear case for continuing the war in the Middle East.
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The Trump Effect at the Pump as Gas Hits $4 a Gallon
The average price of gasoline in the U.S. has topped $4 a gallon, a multiyear high, as war in the Middle East roils the oil market and slams drivers.
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Iran War’s Latest Economic Toll: Oil at $115 a Barrel
Economists and investors are increasingly pricing in a slowdown, or even a global recession, if the fighting drags on.
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Resurgent Inflation Tests Faith in Fed’s Willingness to Tame It
The war in the Middle East risks worsening an inflation problem that the Federal Reserve has struggled for years to subdue.
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Why College Graduates Feel Betrayed
Their anger goes far beyond the recent rise of unemployment and the looming threat of A.I.
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Trump’s Signature to Be Added to U.S. Dollars
President Trump is set to be the first sitting president to have his signature appear on America’s currency.
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War in Iran Will Push U.S. Inflation Above 4 Percent, O.E.C.D. Forecast Says
Higher energy prices and uncertainty over the war in the Middle East will boost inflation and weigh on economic growth, a new forecast says.
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The Oil Price Shock Could Make Italian Ice More Expensive
Higher energy prices caused by the war with Iran could affect more than just prices at the pump for American consumers.