Average rate on a 30-year mortgage climbs to 6.85%, highest since July, as bond yields keep rising
The average rate on a 30-year mortgage in the U.S. rose for the third straight week to its highest level since mid-July, reflecting a recent jump in the bond yields that lenders use as a guide to ...
Bloomberg L.P.12h
Repo Rates Rise Even After Fed Tweak Meant to Dampen Volatility
Key rates tied to the US overnight funding market are rising, even after the Federal ... according to New York Fed data ...
Opinion
A New Year’s Resolution for the Federal Reserve
It should embrace clear monetary-policy rules and explain its reasoning for departing from them.
4 people who make over $100K share the biggest perks of a 6-figure income
Four Americans who landed six-figure incomes said it's allowed them to splurge on travel while improving their financial ...
US Fed floats major changes to bank stress tests in light of legal rulings
The U.S. Federal Reserve said on Monday it was considering major changes to its annual bank "stress tests" in light of recent ...
Unemployment rate falls to 3% on LI as more residents leave the labor force
The Island’s unemployment rate dropped to 3% last month, down 0.4 percentage points from a rate of 3.4% in November 2023, ...
New York Fed’s Tweak to Key Repo Facility Hampered by Its Design
The Federal Reserve Bank of New York’s plan to conduct additional liquidity operations through the end of the year will ...
INVESTOR DEADLINE APPROACHING: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Customers Bancorp
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $75,000 In Customers Bancorp To Contact Him Directly To Discuss Their Options ...
GlobeSt.com3d
Why You Should Feel Good About the Economy
There is evidence aplenty that the U.S. economy is solidly heading into 2025. Federal Reserve Chair Jerome Powell said it was ...
Jane Fraser is nearly 4 years into her effort to transform Citi. Here's what you need to know about how it's going.
Citi CEO Jane Fraser's has made major moves, including laying off staffers, hiring new execs, and starting a ...
CNN3d
Powell led the Fed’s fight against inflation. It’s not over yet — and it could get even harder
Federal Reserve ... bank’s mantra of making policy decisions based on data. “We’re supposed to achieve maximum employment and price stability for the benefit of all Americans and keep out of politics ...
S&P/TSX up almost 200 points, U.S. stock markets also rise to end rocky week
TORONTO - Canada's main stock index gained almost 200 points Friday as markets broadly rose to end a rocky trading week, with ...