Economy added 431,000 jobs in March despite worries over slowing growth
Nonfarm payrolls were expected to rise by 490,000 in March, according to Dow Jones estimates.
Here’s where the jobs are — in one chart
Post-Covid rebounds in the leisure and hospitality and business sectors continued last month and helped drive a strong March jobs report.
Pending home sales sink in February, setting a grim tone as housing market enters key spring season
Higher mortgage rates are taking their toll on home sales, as a strong housing market begins to turn.
Mortgage rate soars closer to 5% in its second huge jump this week
The average rate on the 30-year fixed mortgage shot significantly higher Friday, rising 24 basis points to 4.95%, according to Mortgage News Daily.
The second Cold War is already beginning, experts say, and many of the battles are being fought with economic weapons
A new Cold War will pose a new challenge to a market that is still recovering from the uncertainties of the pandemic.
Mortgage refinance demand plunges 14%, as interest rates spike higher
Fast-rising mortgage rates are causing a drop in mortgage demand, especially refinances.
Mortgage rates are surging faster than expected, prompting economists to lower their home sales forecasts
Mortgage rates are rising far faster than economists had predicted, and some are now revising their home sales forecasts lower as a result.
Powell says ‘inflation is much too high’ and the Fed will take ‘necessary steps’ to address
Federal Reserve Chairman Jerome Powell vowed tough action on inflation, which he said jeopardizes an otherwise strong recovery.
Why the Federal Reserve raises interest rates to combat inflation
Consumers hit with higher prices due to inflation likely aren't looking forward to interest rate hikes from the Federal Reserve. Here's why the Fed does...