U.S. labor costs rose marginally in the fourth quarter, offering some comfort to Federal Reserve officials after progress lowering inflation stalled at the end of 2024. The employment cost index (ECI) ...
The central bank needs to see further progress on inflation or weakness in the labor market to resume interest rate cuts.
The American housing market has been at a low ebb in the current post-COVID-19 era, with ascending mortgage rates, dwindling ...