Tag Archives: Feds

[unable to retrieve full-text content] Media groups urge feds to investigate after Google limits California news in search results  Sacramento Bee Media groups urge feds to investigate after Google limits California news in search results  Yahoo! Voices Google blocking links to California news outlets from search results  The Guardian Source link

The housing market is showing signs of a recovery as the spring home-buying season gets underway. Mortgage rates fell for the second week in a row, declining to the lowest level in more than a month. The average rate on the benchmark 30-year fixed mortgage fell to 6.74% from 6.88% the week prior, per Freddie Mac. And as mortgage rates decline, supply is starting to rebound. New listings hit a 17-month high in February, while the total number of homes for sale rose to the highest level in a… Source link

Federal Reserve Chair Jerome Powell plans to tell House lawmakers Wednesday that interest rate cuts are likely “at some point” in 2024, but that the central bank will proceed cautiously as it evaluates whether inflation is cooling appropriately. “If the economy evolves broadly as expected, it will likely be appropriate to begin dialing back policy restraint at some point this year,” Powell said in a copy of his prepared remarks to the House Financial Services Committee. The group at the Fed… Source link

The Fed’s preferred inflation gauge has moved below 3% for the first time since March 2021, before the start of the central bank’s rate-hiking campaign. The Personal Consumption Expenditures (PCE) index grew 2.6% year-over-year in December, in line with last month’s print. “Core” PCE, which excludes the volatile food and energy categories, grew 2.9%, down from 3.2% from the month prior and below the 3.0% economists surveyed by Bloomberg had expected. Core PCE is the inflation measure… Source link

[unable to retrieve full-text content]Bitcoin treads water, other crypto retreat ahead of U.S. Fed’s decision on interest rates  Yahoo Finance Source link

A short-term saver? Say thanks to the Federal Reserve. One benefit of the Fed’s interest-rate hikes aimed at wresting control over inflation is that savers looking for a safe investment for a year or less can now get the best yields in ages from Treasury bills, or T-bills. Savings rates have jumped from just about zero to more than 4% in the past 12 months on these short-term securities issued by the federal government. On Jan. 24, a one-year T-bill was yielding 4.7%, up from a rate of 0.57%… Source link

The U.S. Justice Department is preparing to sue Alphabet Inc. in the coming days over its dominance in the online ad market, according to a report late Monday. Citing sources familiar with the matter, Bloomberg News reported the antitrust suit is expected to be filed in federal court before the end of this week, and as soon as Tuesday. The pending filing has been rumored for months, after the Justice Department reportedly rejected concessions offered by… Source link

When Kim Talbot first launched her milling shop in southern Maine, she hoped to win a coveted contract with the federal government to manufacture steel and aluminum machine parts. With no idea where to start, she did what any inexperienced small-business owner might do: She Googled. The top search result was, in her eyes, an official-looking webpage. It prominently displayed a logo very similar to that of SAM.gov, the government website where businesses must register before pursuing such… Source link

Inflation is expected to have slowed again last month, though price increases facing U.S. consumers remain near 40-year highs — even as the Federal Reserve raises interest rates at the fastest pace in decades. The Bureau of Labor Statistics’ November Consumer Price Index (CPI) is scheduled for release at 8:30 a.m. ET on Tuesday. Economists surveyed by Bloomberg expect headline prices rose 0.3% over the prior month and 7.3% over last year. In October, inflation rose 0.4% over the prior month… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Wednesday, December 7, 2022 Today’s newsletter is by Myles Udland, senior markets editor at Yahoo Finance. Follow him on Twitter @MylesUdland and on LinkedIn. Read this and more market news on the go with Yahoo Finance App. Another month, another strong jobs report. News last Friday that some 263,000 jobs were created in November showed the Federal… Source link