Federal Reserve

Mortgage rates jump, reaching 5.23%

American homeowners continue to feel the pinch as the 30-year fixed-rate mortgage rate rose this week, averaging 5.23% as of Thursday. Rates hadn't exceeded 5% in over a decade.

US economy on 'shaky footing': Mitch Roschelle

Macro Trends Advisors LLC founding partner Mitch Roschelle argues wages aren't keeping up with inflation, which means people may have to get paid more in an attempt to incentivize them to get back into the workforce.