Economic News
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US stocks rally to their best day in 6 weeks after oil prices and bond yields ease
The U.S. stock market rallied to its best day in six weeks after oil prices fell and pressure from the bond market eased
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US mortgage rates brush 7%, weighing on buyers, sellers and further straining a bleak housing market
Mortgage rates climbed for the fourth week in a row, driving the average long-term U.S. home loan rate to just below 7%, its highest level in over 19 months
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Why the Federal Reserve is lifting rates now, and what it means
About six weeks ago, Federal Reserve Chairman Kevin Warsh announced that a divided central bank was keeping its key interest rate unchanged
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Claims for unemployment benefits drop to 196,000, lowest since mid-July as layoffs remain low
The number of people applying for unemployment benefits dropped sharply last week, another sign that layoffs remain rare and most Americans enjoy job security
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Carney embraces EU associate membership proposal as Trump pushes Canada closer to Europe
Canadian Prime Minister Mark Carney has embraced the prospect of his country becoming the European Union’s first associate member
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US jobless claims fell sharply to 196,000 as layoffs remain rare and most Americans enjoy job security
US jobless claims fell sharply to 196,000 as layoffs remain rare and most Americans enjoy job security
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Bank of England holds rates but appears ready to hike soon
The Bank of England is keeping the U.K.’s main interest rate unchanged at 3.75% even though inflation in the United Kingdom has risen to a five-month high as the fallout from the Iran war continues to ratchet up fuel prices
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Bank of England keeps main interest rate at 3.75% despite higher inflation
Bank of England keeps main interest rate at 3.75% despite higher inflation
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EU chief Ursula von der Leyen says she wants Canada to become the bloc's 1st associate member
European Commission President Ursula von der Leyen has proposed opening a path for Canada to become the EU’s first associate member
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Trump and Whatley double down on the administration's record in North Carolina Senate contest
President Donald Trump has tested his midterm campaign appeal in North Carolina as he tries to help his handpicked Republican Senate hopeful and former national party chairman
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