“Beige Book” reflects some easing of inflation. On Wednesday, the Federal Reserve reported that economic activity expanded modestly in recent weeks although it remains flat in some regions…
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Average 401(k) Down $34,000 This Year
Americans have experienced more than $2 trillion in losses. New economic research has found that the average person’s 401(k) has lost some $34,000 in value since the beginning…
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Labor Secretary Responds to September Jobs Report
Government reports a quarter million jobs were added to the economy last month. The government reported Friday that the U.S. economy added 263,000 payrolls in September. At the…
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Job Openings Decreased in August
Federal Reserve’s actions to slow the economy begin taking hold. The Bureau of Labor Statistics reported that job openings in August decreased to 10.1 million, down from 11.239…
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Bank CEOs Questioned in House Hearing
Endorsed Federal Reserve hikes to counter inflation The House of Representatives Financial Services Committee questioned bank CEOs last week, inquiring on a variety of topics. The hearing primarily…
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Interest Rates Raised Again by Federal Reserve
The third straight month of supersized rate increase. On Wednesday, the Federal Reserve raised rates by three-quarters of a point and projected a more aggressive path ahead, suggesting…
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August CPI Report Shows Inflation at 8.3%
Federal Reserve poised to again raise interest rates. The Consumer Price Index for August shows inflation is up 8.3 percent from a year ago. Economists were expecting a lower…
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Mortgage Rates Hit 5.89 Percent
Some banks offer zero-down financing. As the Federal Reserve attempts to curb inflation by increasing interest rates, mortgage rates continue to rise. The home lending rate is now…
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World Economists Expect Economic Volatility to Persist
Members of the Federal Reserve participate in an annual economic symposium. Economic leaders from around the world, including members of the U.S. Federal Reserve, participated in an annual…
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Federal Reserve Board Meets in Wyoming
Chairman Powell says efforts to reduce inflation will “bring some pain.” Members of the Federal Reserve have been meeting in Jackson Hole, Wyoming, and on Friday, Chairman Jerome…
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