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Aug 23

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Declining House Sales Indicate Slowing Economy

As housing inventories reached new highs, existing-home sales in the United States fell in July to its lowest rate in more than two years. Industry economists discuss the drop and the impact of the softening real estate market on the…

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Jun 14

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Increase in Consumer Prices Raises Fears of Inflation

A Labor Department report released Wednesday shows an increase in consumer prices due to significant raises in energy and gas costs, prompting concerns that the Federal Reserve will again raise interest rates to fight inflation.

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Jun 06

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Higher Interest Rates Are Forcing Housing Foreclosures across the Country

Foreclosure rates are increasing as many homeowners struggle to make their mortgage payments on time.

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Jun 06

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Dow Continues Dive After Fed Chief Expresses Inflation Concerns

Federal Reserve Chairman Ben Bernanke this week expressed concerns over core inflation and noted a slowing economy, cooling housing market, and lower consumer spending, leading investors to expect another interest rate hike.

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Mar 19

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Fed Leaves Interest Rates Unchanged

The Federal Reserve decided Tuesday it would not raise interest rates, but cautioned Americans that short-term rates will go higher this year as the country rebounds from recession.

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