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Business Optimism Deteriorates Sharply On Election Worries

Kamala Harris' rising popularity in national political polls has come at the cost of worsening optimism among American businesses. A September survey of executives revealed a sharp deterioration in forecasts for output over the next 12 months, according to S&P Global, with the survey's future output index falling to its lowest level since October 2022 […]

Mortgage rates fall sharply to lowest level in over a year

Erin Sykes, chief economist at Nest Seekers International, opines on “The Bottom Line” that high interest rates continue to hurt the housing market. Mortgage rates plummeted to their lowest levels in more than a year this week, boosting demand in the housing market. Freddie Mac’s latest primary mortgage market survey released Thursday showed that the […]

Trump conviction in hush-money case sparks sharply divergent reactions | Donald Trump

Donald Trump’s conviction on 34 felony counts of falsifying business records set off a political storm in Washington on Thursday, with Republicans slamming the verdict as a miscarriage of justice and Democrats praising the New York jury for delivering a fair verdict in one of the most historic trials in American history. Republicans predictably rallied […]

Fed’s Preferred Inflation Gauge Show Prices Rising Sharply

The Fed’s recommended inflation measure showed prices rose sharply again in March, confirming that progress in bringing inflation down to the Fed’s 2% target has stalled. The personal consumption expenditure price index for March rose 0.3%, the Commerce Department released Friday. Compared to a year ago, the index is up 2.7%, slightly ahead of Wall […]