Molly Smith

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U.S. Mortgage Rates Rise To Highest Since March, Slowing Demand

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The contract rate on a 30-year fixed mortgage increased 12 basis points to 6.69%.

U.S. Paychecks Are Outpacing Inflation

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The pay gains gives the Fed another reason to raise interest rates next month.

U.S. Economy Keeps Charging Ahead, Adding Pressure On Fed To Hike

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The economy is generally performing better than expected so far in 2023 as inflation's decline slowed.

'Too Good To Be True' Jobs Report Draws Skeptics On Data Quirks

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The jobs market has shown few signs of falling victim to the Fed's aggressive interest-rate hiking.

U.S. Economy Shows Signs Of Cooling Even As The Labor Market Holds Strong

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Taken together, the data point to a slowdown into the end of the year which should be welcomed by central bankers.

U.S. Mortgage Rates Fall A Fourth Week, Longest Stretch Since 2019

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The contract rate on a 30-year fixed mortgage eased 8 basis points to 6.41% in the week ended December 2.

Savings Rate Falls To 17-Year Low Amid Relentless Inflation

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The personal savings rate as a share of disposable income dropped to 2.3% in October.

Small-Business Optimism Drops For First Time Since June

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The share of firms planning to increase prices in the next three months rose for the first time since May.

Mortgage Rates Extend Climb To 6.94%, Highest Since 2002

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The data represent another point in the continued slide of the housing market.

Disabled Americans Reap Remote-Work Reward In Record Employment

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Companies are struggling to fill millions of positions and are turning to untapped pools of workers.

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