Economic Indicators

Last Week mortgage rates climbed to 6.02% the highest since 2008, until today, which saw the rates climb to 6.29% for the 30-year fixed-rate mortgage (FRM).

A federal judge ruled that Rhode Island's truck tolling system that took effect in 2018 to fund repairs to the state's crumbling bridges is unconstitutional.

JPMorgan Chase CEO Jamie Dimon warned that the U.S. is not on "the right path" as pressure builds to cut investments in the oil and gas energy sector.

Gas prices increased by one cent Wednesday ending a nearly 100 day streak of price declines, according to data from AAA. The last time prices rose was on June 14.

A new Chamber of Commerce survey shows an overwhelming majority of small business owners are concerned about the financial ramifications of higher inflation.

Walmart said it plans to hire 40,000 workers ahead of this year's busy holiday shopping season. In 2021, the company announced it would hire 150,000 employees ahead of the holidays.

The Federal Reserve is likely to approve the third straight 75-basis-point interest rate hike on Wednesday as it further intensifies its war on inflation.

Gap is eliminating about 500 corporate jobs, after enduring years of slumping sales at the flagship Gap brand and more recently at the Old Navy chain.

The Biden administration has named a team of 50 individuals, led by economist Aaron "Ronnie" Chatterji, to handle the $52.7 billion included in the CHIPS Act for semiconductor research.

Workers are returning to U.S. offices at the highest rate since the beginning of the COVID-19 pandemic as companies intensify efforts to bring employees back.

Goldman Sachs is cutting its forecast for U.S. Growth Domestic Product in 2023 to 1.1% from 1.5% as monetary policy tightens.

Honda Motors Co. has reportedly asked its employees to give money back from bonuses the company says were overpaid. Marysville factory employees have until Sept. 22.

The University of Michigan's consumer sentiment index rose less than expected in September as Americans' confidence in the economy remains near a historic low.

Hotter-than-expected inflation data released this week could force Federal Reserve policymakers to take historic action and approve a 100-basis-point interest rate hike.

U.S. railroads will start halting crop shipments on Thursday, a day ahead of a potential work stoppage. Railroads have until Friday to reach deal with holdout unions.

Inflation improved slightly in August, and economists said the Fed will likely continue raising interest rates to bring it down further.

The producer price index, which measures inflation at the wholesale level before it reaches consumers, remains at a multi-decade high, the Labor Department said on Wednesday.

August inflation data came in hotter than expected, raising the odds of an even more aggressive Federal Reserve interest rate hike when policymakers meet next week.

The Labor Department released the latest inflation data set on Tuesday, revealing just how hot consumer prices ran in August as the Fed tries to cool the economy.

The August inflation data out Tuesday morning is expected to show that consumer prices slowed in August, but that likely won't be enough to mollify the Federal Reserve.