Consumer Sentiment Rises for Fifth Straight Month in December
The University of Michigan’s consumer sentiment index improved for the fifth consecutive month in December, rising about 3% to its...
Economy
Key Inflation Rate Hits 2.4% in November, Near 2% Fed Target
Inflation rose slightly in November, according to a U.S. Bureau of Economic Analysis report released December 20, as a recent...
Leading Index Reverses Course, Up for the First Time Since February
The Conference Board Leading Economic Index (LEI), which measures indicators of significant turning points in the business cycle and where...
Fed Cuts Interest Rates by a Quarter-Point, Third Cut This Year
As widely expected, Federal Reserve (Fed) officials lowered interest rates again, marking the third cut this year—although markets wobbled based...
Rocket Companies CFO Sees Bright Spots in 2025 Housing Market Despite Mortgage Rate Pressures
Rising inventory levels and changing buyer demographics are boosting optimism for the housing market in 2025 even as affordability headwinds...
Mortgage Rates Continue to Drop
With mortgage rates continuing their descent in recent weeks, borrowers who faced rates topping out at over 8% last year,...
Mortgage Applications Increase for Fifth Straight Week
With mortgage rates hitting six-week lows this past week, home-purchase applications saw their fifth-straight week of increases, driven primarily by...
Inflation Up Again, According to December Consumer Price Index
After a year of inflation coming down, the last stretch of 2024 has seen a reverse course, per the latest...
November Sees 227,000 New Jobs; Unemployment Stays Flat at 4.2%
Total nonfarm payroll employment rose by 227,000 in November—higher than expectations—and the unemployment rate changed little at 4.2%, the U.S....
Manufacturing Weakness Slows Economy, According to Leading Index
The Conference Board Leading Economic Index (LEI) for the U.S., which provides an early indication of significant turning points in...
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