Weekly mortgage applications hit a record, but not a healthy one for housing

Posted on March 13, 2019, Updated:March 13, 2019 by RSS Robot

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Mortgage interest rates are decidedly lower than a year ago, and home shoppers are buying, but most are wealthier consumers buying pricier homes.

US consumer prices rise for the first time in 4 months

Posted on March 12, 2019, Updated:March 12, 2019 by RSS Robot

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U.S. consumer prices rose for the first time in four months in February, but the pace of the increase was modest, resulting in the smallest annual gain in nearly 2-1/2 years.

Fed Chair Powell: ‘The law is clear,’ Trump can’t fire me

Posted on March 12, 2019, Updated:March 12, 2019 by RSS Robot

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Fed Chair Powell: ‘The law is clear,’ Trump can’t fire me

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Fed Chairman Jerome Powell tells “60 Minutes” that President Trump cannot remove him from office.

US retail sales edge up in January, but December is revised sharply lower

Posted on March 11, 2019, Updated:March 11, 2019 by RSS Robot

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U.S. retail sales unexpectedly rose in January, lifted by an increase in purchases of building materials and discretionary spending.

Average US price of gas jumps 6 cents per gallon, to $2.50

Posted on March 11, 2019, Updated:March 11, 2019 by RSS Robot

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Industry analyst Trilby Lundberg of the Lundberg Survey said the price at the pump is 9 cents lower than it was a year ago.

Stalled out job growth could be warning of slowdown but no signal of recession