Scott Horsley
Stories
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Housing relief? Mortgage rates drop to their lowest level in over a year
Mortgage rates fell to 6.47% this week, prompting a flurry of refinancing activity. Rates are still much higher than they were a few years ago, however, leaving many homeowners reluctant to move.
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The Dow Jones plunges over 1,000 points as markets are rocked by U.S. economy fears
Stocks fell sharply across the globe on Monday, as worries about the U.S. economy triggered a worldwide sell-off. The Dow Jones Industrial Average tumbled more than 1,000 points in early trading.
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Why a weaker jobs market is sparking recession fears
U.S. employers added just 114,000 jobs in July as the unemployment rate rose to 4.3%. The weaker-than-expected report is adding to fears of an economic slowdown.
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The Federal Reserve is getting closer to cutting interest rates
The Fed kept interest rates unchanged at the highest in more than two decades. Investors are betting it will start to lower rates at its next meeting in September.
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Food prices are no longer rising as much — but here's why it might not feel that way
Food prices have largely leveled off, but many people are still frustrated when they go to their local grocery store.
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Lower gas prices helped inflation cool in June
Inflation fell in June, as a drop in gasoline prices more than offset the modest monthly rise in rent. This could help clear the way for the Federal Reserve to cut interest rates in September.
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Many Americans are still experiencing sticker shock at the supermarket
Grocery prices have stabilized over the last year, but many shoppers are still smarting over double-digit price increases from two years ago. Low-income families are often hardest hit.
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Lawmakers on Capitol Hill are expected to ask the Fed chair about interest rates
Federal Reserve Chairman Jerome Powell visits Capitol Hill on Wednesday to take questions on the economy and interest rates.
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Fed Chair tells Congress lowering interest rates poses "two-sided risks"
Federal Reserve chairman Jerome Powell testified before a Senate committee today. As inflation cools, the central bank is weighing when it's safe to start cutting interest rates.
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U.S. employers added 206,000 in June — a slowdown, but more than forecasters expected
U.S. employers added 206,000 jobs in June — a modest slowdown from the previous month. The unemployment rate inched up to 4.1%.
