U.S. mortgage rates for 30-year fixed-rate loans have fallen to their lowest in four months amid a slowdown in the pace of interest rate hikes by the Federal Reserve and a decrease in home sales last year, with some experts predicting the easing down of mortgage rates to be the trend for 2023. The average…
Mortgage Rates Decline to Lowest Level in Four Months, 2023 Recession ‘Still an Issue’
Fed Policymakers Foresee Need for More Rate Hikes to Control Inflation
Multiple Federal Reserve policymakers are expecting interest-rate hikes to continue, albeit at a smaller magnitude, as the central bank attempts to rein in inflation, with Patrick Harker, president of the Federal Reserve Bank of Philadelphia, predicting the economy will experience only a “modest” growth in 2023. The Federal Reserve is “absolutely committed” to bringing down inflation…
Fed’s Harker Blames ‘Scourge’ of High Inflation on Too Much Government Spending and Easy Money Policies
Excessive spending by the government and accommodative policies of the Federal Reserve have triggered rampant inflation in the United States that is hurting poorer Americans more, according to Patrick T. Harker, president of the Federal Reserve Bank of Philadelphia. The COVID-19 pandemic threw the United States into one of the “sharpest recessions” in history. However,…
Wall Street Expects Big Drop in Corporate Earnings and More Layoffs Starting January: Analysts
U.S. businesses are expected to see corporate earnings drop owing to a slowdown in the economy and rising interest rates, while many prominent tech firms will continue with staff layoffs starting this month, according to analysts. “Downgrades will be a key driver of the first quarter and especially this earnings season,” Joachim Klement, a market…
PREMIERING NOW: As Inflation and Interest Rate Rise, Are We Heading Into a Recession in 2023? | The Larry Elder Show | EP. 105
As we enter the year 2023, inflation is still near a 40-year high. Now that the Republicans have taken over the House, will there be a constraint on spending? What’s the latest in the war in Ukraine, and how much support should America be giving Ukraine? In this episode, Larry Elder sits down with UCLA…
As Inflation and Interest Rate Rise, Are We Heading Into a Recession in 2023? | The Larry Elder Show | EP. 105
As we enter the year 2023, inflation is still near a 40-year high. Now that the Republicans have taken over the House, will there be a constraint on spending? What’s the latest in the war in Ukraine, and how much support should America be giving Ukraine? In this episode, Larry Elder sits down with UCLA…
PREMIERING 3 PM ET: As inflation and interest rate rise, are we heading into a recession in 2023? | The Larry Elder Show | EP. 105
As we enter the year 2023, inflation is still near a 40-year high. Now that the Republicans have taken over the house will there be a constraint on spending? What’s the latest in the war in Ukraine and how much support should America be giving Ukraine? In this episode, Larry Elder sits down with UCLA…
US Expected to See More Unemployment and Slower Hiring This Year
The unemployment rate in the United States is set to worsen further as businesses are predicted to add fewer workers in the course of this year based on a quarterly Economic Indicator poll by Bankrate. The U.S. unemployment rate is expected to be at 4.6 percent a year from now, according to survey results published…
NTD Business (Dec. 14): Fed Hikes Rate Again, Hints More to Come; Hedge Fund Billionaire Ken Griffin Sues IRS
The Fed raises rates by another half a percent. Markets react strongly in the red. We have expert insight. Hedge fund billionaire Ken Griffin is suing the IRS for leaking tax returns—the tax returns of America’s 25 richest people, of which he is one. Republican-led states are calling on Apple and Google to stop labeling…
NTD Business (Nov. 30): House Passes Bill to Avert Rail Strike; Fed Chair Signals Smaller Rate Hikes
The U.S. House of Representatives is taking action to avert a rail strike—passing a bill to impose a labor deal on U.S. rail workers. The Federal Reserve will slow down its rate hikes, and it could come as early as next month. The stock market rallied on the news. India is launching its first digital…
US News
- Jack BradleyThe Irvine City Council Jan. 24 failed to pass a motion to launch an independent investigation after political consultant Melahat Rafiei last week—in a plea agreement relating to an FBI… [...]
- Henry JomAustralia’s Defence Minister Richard Marles has said that the AUKUS deal will be one of the nation’s most significant national security decisions in decades as the federal government is set… [...]
- Mimi Nguyen LyThe U.S. military carried out a counterterrorism operation on Jan. 25 in Somalia that killed multiple ISIS terrorists, among them Bilal-al-Sudani, according to the Pentagon. Secretary of Defense Lloyd J.… [...]
- Victoria Kelly-ClarkThe United States and Papua New Guinea (PNG) are set to negotiate a defence cooperation agreement just after Australia and the southern Pacific nation agreed to a broad-reaching security agreement… [...]
- Mimi Nguyen Ly, Joshua PhilippCalifornia’s controversial COVID-19 misinformation law, which bars doctors from providing “misinformation” or “disinformation” related to COVID-19, is an unprecedented effort by those in power to block doctors from sharing their… [...]
- Daniel Y. TengTeam members of the Cairns Taipans have decided against wearing a special Pride Round jersey in response to a “barrage of abuse and harmful commentary” targeting individual players. The Australian… [...]
- Zachary StieberExperts who advise the U.S. Food and Drug Administration (FDA) on immunizations were supportive on Jan. 26 of a planned pivot on COVID-19 vaccines. Members of the Vaccines and Related Biological… [...]
- Lee SmithBig pharma has a good deal with big government—even if someone is hurt by a vaccine, the drug maker is exempt from liability claims. Lack of accountability then is at… [...]
- Brad JonesThe California Department of Water Resources (DWR) announced Jan. 26 it expects to deliver 30 percent of requested water to its public water agencies in 2023—1.27 million acre-feet—up from the… [...]
- City News ServiceSANTA ANA, Calif.—The family of an Orange County deputy public defender who died in Mexico while celebrating his first wedding anniversary was expecting to receive the body Jan. 26 so… [...]