US Summer Lull Yields A 'Soft-Landing' Data Trove For Fed
Data since the Federal Reserve's last policy meeting has added to the impression the U.S. economy is cooling without cracking, likely bolstering the case against further rate increases even if central bank policymakers are reluctant to call off their fight against inflation any time soon.
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Buildings Are Empty, Now They Have To Go Green
The pandemic changed work patterns, emptying some American office buildings of workers and adding to financial stress on commercial property owners. Owner of buildings are facing a new tax on their carbon emissions.
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What's Worse Than Record High Rent? Record High Rent, Plus Fees
The cost to rent an apartment or home has soared and it isn't just due to super high rents.Tenants seeing charges for trash pickup, move-ins and move-outs.
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California Case Could Deal Blow To High-Interest Online Lenders
A California judge is poised to decide if an online lender offering small loans at over 150% interest violates state law, which would deal a blow to finance companies that critics argue have skirted rate caps to profit from cash-strapped borrowers.
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Top CD Rates Today: One 6% Leader And Four Runners-Up Paying 5.75%
If you're CD shopping, five "cream of the crop" options allow you to lock in a record return you can enjoy until at least next summer. The leading nationwide rate remains 6.00% APY, available for a 1-year term from American 1 Credit Union. But there are also four offers with a second-place rate of 5.75% APY, ranging in duration from nine to 12 months.
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Mortgage Demand Drops To 27-Year Low As Interest Rates Pull Back
After rising sharply for several weeks, mortgage interest rates pulled back slightly last week, but not enough to revive mortgage demand. Total mortgage application volume fell 2.9% last week, compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.
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