ABBO News offers comprehensive coverage of the US economy: stay updated with the latest economic trends, policy changes, and market movements. Get expert insights to navigate the complexities of the American economic landscape and make informed decisions.
NEW YORK – The average rate on the popular U.S. 30-year mortgage rate was little changed near the lowest level […]
US 30-Year Fixed-Rate Mortgage Rate Stabilizes at 15-Month Low: Freddie Mac Read More »
WASHINGTON – U.S. retail sales rose more than expected in July, which could help to allay financial market fears of
US Retail Sales Rise Above Expectations in July Read More »
WASHINGTON – The number of Americans filing new applications for unemployment benefits dropped to a one month-low last week, suggesting
Low US Weekly Jobless Claims and Upbeat Retail Sales Allay Recession Fears Read More »
WASHINGTON – Democratic presidential candidate Kamala Harris’s economic agenda will focus on lowering the cost of groceries, housing, and healthcare,
Harris to Focus on Grocery Costs, Child Tax Credit in Economic Agenda, Advisers Say Read More »
Atlanta Federal Reserve President Raphael Bostic is open to an interest rate cut in September, he told the Financial Times
Interest Rate Cut in September? Fed’s Bostic Hints at Possible Action Read More »
LOS ANGELES – On Wednesday, shipping experts said that a potential strike at U.S. seaports on the East Coast and
Potential US Seaport Strike Could Lead to Months-Long Cargo Backlog, Experts Say Read More »
U.S. consumer prices rebounded as expected in July. However, the trend remained consistent with subsiding inflation and did not change
July CPI Supports Disinflation Narrative, Likely Leading to September Rate Cut Read More »
WASHINGTON – U.S. consumer prices rose moderately in July and the annual increase in inflation slowed to below 3% for
US Consumer Prices Rise as Expected in July Read More »
Leveraged loan deals are expected to resume after a market stabilization over the past week. However, some investors are cautious
US Junk Debt Investors Wary of Leveraged Loans Amid Economic Slowdown Read More »
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