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Listen Live:
Saturday’s: 9AM
Fox Sports Ventura
1590 AM/97.9 FM KVTA
Sunday’s: 7AM K-EARTH 101 FM
Federal Reserve Chairman Jerome Powell signaled Friday the U.S. central bank expects to begin unwinding some of its ultra-easy monetary policies by the end of the year as the U.S. economy continues to rebound from the COVID-19 pandemic
READ MOREThe U.S. economy grew faster than previously thought during the second quarter, but that was not enough to exceed economists’ expectations. Gross domestic product, the broadest measure of economic performance, increased 6.6% in the three months through June, according to a second estimate released Thursday by the Commerce Department. Economists surveyed by Refinitiv had expected
READ MOREProducer prices accelerated at the fastest annual pace on record in July as supply chain disruptions and materials shortages continued to put upward pressure on costs.
READ MOREThe Labor Department said Wednesday that the consumer prices rose 0.5% last month, slowing from June’s 0.9% increase.
READ MOREThe bipartisan $1 trillion infrastructure bill that recently passed in the Senate will boost GDP just marginally because it includes only $550 billion in new spending to be disbursed over five to eight years, much of which will be paid for with higher taxes. Through 2029 this spending should boost GDP by, at most, 0.30%/year.
READ MORENonfarm payrolls increased by 943,000 workers in July as the unemployment rate fell to 5.4%, the Labor Department said Friday. Analysts were expecting 870,000 jobs gained and the unemployment rate to fall to 5.7%.
READ MOREThe U.S. economy added 330,000 private-sector jobs last month, a decline from the downwardly revised 680,000 jobs gained in June, according to the ADP National Employment Report released Wednesday. U.S. stocks slipped across the board as investors weighed a slowdown in hiring as reported by ADP. The data is often viewed a precursor to the
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READ MOREThe U.S. economy added 138,000 net new jobs in May, falling short of expectations for 185,000 jobs. The unemployment rate ticked lower to 4.3% from 4.4%, while the labor force participation rate edged down slightly to 62.7% from 62.9% during the month.
READ MOREThe 30-year fixed-rate mortgage averaged 3.96% in the July 6 week, up eight basis points during the week. The 15-year fixed-rate mortgage averaged 3.22%, up from 3.17% last week. The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.21%, up four basis points. Those rates don’t include fees associated with obtaining mortgage loans.
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