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Latest Economy, Inflation and Business News: Live Updates

Moves show how inflation and changing consumer behavior are souring the business outlook for many retailers. ....

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Persistent Inflation Puts Yellen in the Spotlight

The Treasury secretary’s recent comments about rising prices have put the Biden administration on the defensive. ....

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Target will take a profit hit to clear out inventory that shoppers don't want.

Target will take a profit hit to clear out inventory that shoppers don't want.
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Biden's 'Families Cabinet' mounts full-court press on reconciliation package

Biden's 'Families Cabinet' mounts full-court press on reconciliation package
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Federal funds rate about to rise: When and how mortgages, other loans will be impacted

Federal funds rate about to rise: When and how mortgages, other loans will be impacted
By Kelsey Ramirez
article
The Federal Reserve will increase the federal funds rate, economists say, which will have ripple effects on interest rates on mortgages, personal loans and student loans. (iStock)
The time to act is now for homeowners looking to refinance their home loan into a lower interest rate.
That’s because the money markets are betting on an increase in interest rates this year.
That is, they are now pricing a 100% chance that the Federal Reserve will increase the federal funds rate by December 2022. ....

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