23 days ago
Consumers down on the economy, as gas prices and mortgages surge due to war
Americans are feeling gloomier about the economy in recent weeks, as the disruptions caused by the Iran war send gas prices skyrocketing and mortgage rates climbing.
Consumer sentiment, a measurement of Americans’ economic perceptions, fell nearly 6 percent to its lowest level since December, according to a closely watched index from the University of Michigan. Sentiment about the economy had been trending upward in the initial weeks of research, the survey’s early results found, but dipped significantly after the
Americans are feeling gloomier about the economy in recent weeks, as the disruptions caused by the Iran war send gas prices skyrocketing and mortgage rates climbing.
Consumer sentiment, a measurement of Americans’ economic perceptions, fell nearly 6 percent to its lowest level since December, according to a closely watched index from the University of Michigan. Sentiment about the economy had been trending upward in the initial weeks of research, the survey’s early results found, but dipped significantly after the
5 months ago
Hackers stole a trove of data from a company used by major Wall Street banks for real-estate loans and mortgages, setting off a scramble to determine what was taken and which banks were affected, according to people familiar with the investigation and a statement from the firm.
New York-based SitusAMC, which boasts 1,500 clients, said Saturday night that account records and legal agreements related to some of its clients had been impacted in the hack.
“The incident is now contained and our services are fully operational,” SitusAMC said. “No encrypting malware was involved.”
The firm discove
New York-based SitusAMC, which boasts 1,500 clients, said Saturday night that account records and legal agreements related to some of its clients had been impacted in the hack.
“The incident is now contained and our services are fully operational,” SitusAMC said. “No encrypting malware was involved.”
The firm discove
5 months ago
WASHINGTON (AP) — A majority of Federal Reserve policymakers expressed support in late October for further interest rate cuts, though not all committed to making the reduction at their next meeting in December, according to minutes released Wednesday.
At the same time, many officials said “it would likely be appropriate” to keep rates “unchanged for the rest of the year," a sign of strong divisions among policymakers about the central bank's next steps.
Rate cuts by the Fed, over time, typically lower borrowing costs for mortgages, car loans, and credit cards.
Fed officials are deeply split
At the same time, many officials said “it would likely be appropriate” to keep rates “unchanged for the rest of the year," a sign of strong divisions among policymakers about the central bank's next steps.
Rate cuts by the Fed, over time, typically lower borrowing costs for mortgages, car loans, and credit cards.
Fed officials are deeply split
