Feds Preferred Inflation Metric Rose to 27 in March
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Fed’s Collins says she’s not surprised by unwelcome inflation data
Boston Fed President Susan Collins said Wednesday that she wasn’t surprised by the unwelcome news on inflation given the rapid progress seen last year, but she added that the economy needs to slow more in order to cool price pressures in the ...MarketWatch - Business -
Wholesale inventories fall in March
The depletion of private inventories subtracted from the U.S. GDP in the first quarter.MarketWatch - Business -
GOP winner of Indiana House primary died in March
It's unclear who will represent the Republican party in the race for Indiana’s 7th Congressional District, as the winner of the party's primary Tuesday night died earlier this year. Rep. André Carson (D) currently represents Indiana’s 7th ...The Hill - Politics -
Weekly mortgage refinance demand rose 5% after a slight dip in mortgage rates
Mortgage rates are significantly higher than they were at the start of this year, but they pulled back slightly last week after several weeks of straight increases.NBC News - Top stories - Mortgage -
15 savings account rates that far outpace inflation this May
Want to earn big returns on your savings? These accounts offer APYs that outweigh today's 3.2% inflation rate.CBS News - Top stories -
With inflation soaring, Argentina will start printing 10,000 peso notes
Prices in Argentina have surged so dramatically in recent months that the government has multiplied the size of its biggest bank note by five — to 10,000 pesos, worth about $10ABC News - World -
Feds' historical preservation rules desperately need an update
Like old buildings themselves, historic preservation standards need to be modernized to ensure they’re meeting today’s needs.The Hill - Politics -
Barry Sternlicht says the Fed’s ‘tool kit is flawed’ for this economy, urges Fed rate cuts
Regional banks and the federal government are big losers of higher rates, but so are cities reeling from wobbling commercial real estate, says Starwood Property Trust’s CEO.MarketWatch - Business - Federal Reserve