A closely watched inflation indicator cooled significantly in November. This is good news for the Federal Reserve as officials move to the next phase in their fight against rapid price increases, and positive news for the White House as voters see relief from rising costs. The inflation measure of personal consumption expenditures, which the Fed … [Read more…]
Every year between Christmas and New Year, Figma gives all employees two weeks of vacation to enjoy the holidays. This year’s companywide PTO looked even brighter as many of the software company’s employees hoped regulators would approve creative giant Adobe’s $20 billion acquisition. But on Monday, Slack and email alerts alerted U.S. employees that the … [Read more…]
According to Freddie Mac, the average interest rate on a 30-year mortgage fell 0.08% to 6.95% this week. That might not seem like a big deal, but it brings the average mortgage rate below 7% for the first time since August. Could this make people who have always wanted to enter the housing market more … [Read more…]