Job growth keeps Fed's eye on future interest rate hikes

Job growth keeps Fed's eye on future interest rate hikes

Job growth held steady with an addition of 339,000 jobs in May, according to the latest Bureau of Labor Statistics (BLS) data. But a strong labor market could mean the Fed will keep raising interest rates, experts said.

Job growth held steady with an addition of 339,000 jobs in May, according to the latest Bureau of Labor Statistics (BLS) data. But a strong labor market could mean the Fed will keep raising interest rates, experts said.

Mortgage rates rise as debt limit impasse lingers: Freddie Mac

Mortgage rates rise as debt limit impasse lingers: Freddie Mac

The average rate for a 30-year fixed-rate mortgage increased to 6.57% for the week ending May 25, according to Freddie Mac's Primary Mortgage Market Survey.

The average rate for a 30-year fixed-rate mortgage increased to 6.57% for the week ending May 25, according to Freddie Mac's Primary Mortgage Market Survey.

Behind on your retirement savings? Here's one feature that can help workers catch-up

Behind on your retirement savings? Here's one feature that can help workers catch-up

Automatic enrollment into a workplace savings plan could help close the gap for Black and Latino employees that might otherwise have lower plan participation rates, according to a recent Voya Financial study

Automatic enrollment into a workplace savings plan could help close the gap for Black and Latino employees that might otherwise have lower plan participation rates, according to a recent Voya Financial study

Shopping for cheaper insurance hits a new high as Americans seek relief from rising rates: J.D. Power

Shopping for cheaper insurance hits a new high as Americans seek relief from rising rates: J.D. Power

The rate at which drivers were given new auto insurance quotes increased by 13.1% in the first quarter of 2023 – the highest rate since June 2021. And the switch rate increased by 4.1%, according to J.D. Power report.

The rate at which drivers were given new auto insurance quotes increased by 13.1% in the first quarter of 2023 – the highest rate since June 2021. And the switch rate increased by 4.1%, according to J.D. Power report.

America's debt hits new record of more than $17 trillion: NY Fed

America's debt hits new record of more than $17 trillion: NY Fed

Consumer debt reached a record of $17.05 trillion in Q1 2023. Many Americans still deal with high inflation and are seeking help from their financial institutions, reports say.

Consumer debt reached a record of $17.05 trillion in Q1 2023. Many Americans still deal with high inflation and are seeking help from their financial institutions, reports say.

Demand for used cars likely to grow as consumer seek affordability: Edmunds

Demand for used cars likely to grow as consumer seek affordability: Edmunds

Demand for more affordable cars is growing as high-interest rates and more expensive purchase prices are putting buying a new vehicle out of reach for many consumers, according to a recent Edmunds report.

Demand for more affordable cars is growing as high-interest rates and more expensive purchase prices are putting buying a new vehicle out of reach for many consumers, according to a recent Edmunds report.