Higher rates may be needed, will move carefully: Fed boss
Saturday, 26 August 2023 The Federal Reserve may need to raise interest rates further to ensure inflation is contained, Fed Chair Jerome Powell said on Friday, nodding both to easing price pressures and the surprising overperformance of the US economy. Powell said Fed policymakers would βproceed carefully as we decide whether to tighten further,β but also made clear that the central bank has not yet concluded that its benchmark interest rate is high enough to ensure that inflation returns to the 2% target.
Job Openings Sink , to 2-Year Low.
On Aug. 29, the Department of Labor said that job openings dropped from 9.1 million in August to 8.8 million in July.
On Aug. 29, the Department of Labor said that job openings dropped from 9.1 million in August to 8.8 million in July.
That is the lowest number...
No Relief In Sight as, Interest Rates , Continue to Rise.
NBC reports that mortgage rates continue to
climb, with the average interest rate on
a 30-year-mortgage rising to 7.48%.
According to..
Credit: Wibbitz Top Stories Duration: 01:30Published
Mortgage Rates , Reach Over 7%.
In early August, the
30-year mortgage
rate soared to 7.09%,
according to the Mortgage
Bankers Association.
Historic data from Freddie Mac indicates that's been the..
Credit: Wibbitz Top Stories Duration: 01:30Published
Federal Reserve , Likely Not Finished With , 2023 Rate Hikes.
NBC reports that another rate hike by the
Federal Reserve could be coming in September
as the Fed continues to fight..
Credit: Wibbitz Top Stories Duration: 01:31Published
Saturday, 26 August 2023
![No Relief In Sight as Interest Rates Continue to Rise [Video]](https://video.newsserve.net/300/v/20230822/1356869574-No-Relief-In-Sight-as-Interest-Rates-Continue.jpg)
![Mortgage Rates Reach Over 7% [Video]](https://video.newsserve.net/300/v/20230810/1356413339-Mortgage-Rates-Reach-Over.jpg)
![Federal Reserve Likely Not Finished With 2023 Rate Hikes [Video]](https://video.newsserve.net/300/v/20230807/1356301534-Federal-Reserve-Likely-Not-Finished-With-2023-Rate.jpg)
