#US producer prices jump more than expected in November

#US producer prices jump more than expected in November

“US producer prices jump more than expected in November” U.S. producer prices increased a bit more than expected in November, but the underlying trend in inflation is moderating, which could allow the Federal Reserve to slow its pace of interest rate hikes next week. The producer price index for final demand rose 0.3% last month, the Labor Department said on Friday. Data for…

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#Mortgage rates fall for fourth straight week

#Mortgage rates fall for fourth straight week

“Mortgage rates fall for fourth straight week” The average long-term mortgage rate fell for the fourth consecutive week and have dropped more than three-quarters of a point since hitting a 20-year high last month. Mortgage buyer Freddie Mac reported Thursday that the average on the benchmark 30-year rate dipped to 6.33% from 6.49% last week….

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#US stocks could fall in severe recession: Nouriel Roubini

#US stocks could fall in severe recession: Nouriel Roubini

“US stocks could fall in severe recession: Nouriel Roubini” US stocks will have much further to fall if the economy careens into a severe recession next year, according to a prominent economist known as “Dr. Doom.” Nouriel Roubini, a New York University professor emeritus known for his pessimistic economic predictions, warned the S&P 500 could…

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#Jobless claims rise by 4,000 as labor market remains tight

#Jobless claims rise by 4,000 as labor market remains tight

“Jobless claims rise by 4,000 as labor market remains tight” The number of Americans filing new claims for jobless benefits increased moderately last week, while continuing claims hit a 10-month high towards the end of November, suggesting the labor market was gradually slowing down. Still, labor market conditions remain tight, keeping the Federal Reserve on course to continue increasing…

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#Dow plunges as economic data adds to Fed rate-hike fears

#Dow plunges as economic data adds to Fed rate-hike fears

“Dow plunges as economic data adds to Fed rate-hike fears” US stocks plunged in trading Monday as some better-than-expected economic data sparked fresh anxiety among investors about Federal Reserve interest rate hikes. The Dow Jones Industrial Average was down 524 points, or 1.52%, in late afternoon trading. The tech-heavy Nasdaq fell 260 points, or 2.27%,…

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