Fed’s Mary Daly says current interest rates put economy ‘in a good place to weather the storms’

San Francisco Fed President Mary Daly said she believes last year’s rate cuts put the U.S. economy in a strong position to deal with external headwinds. Economy ECONOMY NEWS UPDATE: SPECIAL NEWS UPDATE: Click today to request your free ACRX … Read more…

Weekly mortgage refinance applications spike 15% as interest rates plunge to lowest in nearly 4 years

Homeowners rushed to take advantage of the sharp drop in interest rates last week. Refinance demand pushed total mortgage application volume up 5% for the week to the highest level since 2013, according to the Mortgage Bankers Association. Real Estate … Read more…

Fed to cut rates again, but other economic concerns are emerging ahead of election: CNBC survey

The latest CNBC Fed Survey finds concerns over recession, monetary policy and worries about future economic policy. Economy ECONOMY NEWS UPDATE: SPECIAL NEWS UPDATE: Click today to request your free ACRX discount prescription card and save up to 80% off … Read more…

Prudential to charge higher insurance rates for people who vape — the same as smokers

Customers who vape will be classified as smokers instead of nonsmokers when applying for individual insurance policies, Prudential said in an emailed statement Wednesday. Health and Science U.S.HEALTHCARE UPDATE: SPECIAL NEWS UPDATE: Click today to request your free ACRX discount … Read more…

Weekly mortgage refinances jump 10% as rates drop to the lowest level since August

An unexpected decline in mortgage interest rates had homeowners calling their lenders last week, looking to save money on their monthly payments. Economy ECONOMY NEWS UPDATE: SPECIAL NEWS UPDATE: Click today to request your free ACRX discount prescription card and … Read more…

Vice President Mike Pence backs Trump’s call to lower interest rates, citing low consumer inflation

Trump and economic advisor Larry Kudlow have also called for lower rates, though the Fed generally makes decisions independently of political demands. Politics BEST DEAL UPDATE: Save 50% Today! Get 24/7 Access to Your Credit Scores & Reports with TransUnion

Fed Leaves Interest Rates Unchanged, No Longer Expects Rate Hikes This Year

In a widely anticipated move, the Federal Reserve announced its decision Wednesday to leave interest rates unchanged following a two-day monetary policy meeting. The central bank’s forward projections also indicated interest rates are likely to remain unchanged for the remainder … Read more…

December pending home sales drop to lowest point in five years, despite much lower interest rates

House hunters signed 2.2 percent fewer contracts to buy existing homes in December, according to the National Association of Realtors. These so-called pending sales are a future indicator of closings in one to two months. Real Estate BEST DEAL UPDATE: … Read more…

As obesity rates in America soar, new weight loss drugs are in the offing that offer hope

There are several promising drug candidates to combat obesity, one of America's biggest diseases and contributors to mortality. Still, doctors have been slow to call obesity a disease, and insurance coverage remains skimpy. Health and Science U.S.HEALTHCARE UPDATE: Click today … Read more…

Fed’s Kashkari says rates should not go up when job creation is strong and inflation is tame

Hiking rates too forcefully before necessary could risk causing a recession in the U.S. economy, says Minneapolis Fed President Neel Kashkari. Economy ECONOMY NEWS UPDATE: Click today to request your free ACRX discount prescription card and save up to 80% … Read more…

Stocks Rally After Powell Says Rates “Just Below” Neutral – U.S. Commentary

After moving moderately higher early in the session, stocks saw further upside over the course of the trading day on Wednesday. The major averages climbed firmly into positive territory, further offsetting the weakness seen last week. RTT – Top Story … Read more…

Trade tariffs, higher interest rates are slowing global economic growth, OECD says

Amid prolonged trade disputes and rising interest rates, the global economy will continue to slow down next year, according to the OECD's latest forecasts. But the Paris-based group doesn't see a recession on the horizon.  World News & Analysis BEST … Read more…

Housing stocks get hit hard amid weak data and worries on Wall Street about rising interest rates

Housing stocks fall broadly after analysts at Credit Suisse lowered their ratings and price targets on several companies in the sector. Real Estate BEST DEAL UPDATE: Easily Sell Your Home With ForSaleByOwner! A Home Sells with ForSaleByOwner Every 44 Minutes!