NEW YORK (AP) — While prices for most goods have been falling throughout the year, inflation for a wide range of services remains high. That’s straining consumers eating out, servicing their cars and paying for various kinds of insurance. Prices for services rose 3.7% in September from a year ago, according to the personal consumption…… MORE
Slightly More Americans Apply for Unemployment Benefits Last Week, but Layoffs Remain at Low Levels
The number of Americans applying for jobless aid ticked up last week but layoffs remain at historically low levels. The Labor Department reported Thursday that jobless claim applications rose by 3,000 to 221,000 for the week of Nov. 2. That’s fewer than the 227,000 analysts forecast. The four-week average of weekly claims, which softens some…… MORE
Average Rate on a 30-year Mortgage in the Us Rises for 6th Straight Week
The average rate on a 30-year mortgage in the U.S. rose for the sixth straight week, returning to its highest level since early July. Mortgage buyer Freddie Mac said Thursday that the rate ticked up to 6.79% from 6.72% last week. That’s still down from a year ago, when the rate averaged 7.5%. When mortgage…… MORE
President-Elect Trump Picks Susie Wiles as White House Chief of Staff
DALLAS = (WBAP/KLIF) – President elect Donald Trump taps his campaign senior adviser Susie Wiles as White House Chief of Staff Wiles is a veteran of Florida politics, and directed Trump’s campaign to victory in the state in 2016. She also helped Ron DeSantis’ 20 18 campaign for Florida governor, before a falling out that…… MORE
Fed Cuts Interest Rate Again
DALLAS – (WBAP/KLIF) – In a unanimous vote, the Federal Open Market Committee has lowered its benchmark overnight borrowing rate by a quarter percentage point, to a target range of 4.50%-4.75%.The Fed justifies easing the rate as it supports employment as as much of a priority as stopping inflation. This rate sets what banks charge…… MORE