February 28, 2025 United States: Fed’s Favored Inflation Gauge Rises at Mild Pace, Spending Falls   The Federal Reserve’s preferred measure of underlying inflation rose at a mild pace in January, offering some relief after a string of reports suggested price pressures are heating up again, while consumers pulled back on spending.   The so-called core personal

February 27, 2025 United States: US Economic Growth Was Firm, Inflation Quickened at End of 2024   The US economy advanced at a healthy pace and inflation was more stubborn than initially estimated at the end of 2024.   Gross domestic product increased at an unrevised 2.3% annualized pace in the fourth quarter, according to the

February 26, 2025 United States: US Mortgage Rates Decline to 6.88%, Lowest Level This Year   US mortgage rates dropped last week to the lowest level this year, but not enough to spur a rebound lending activity.   The contract rate on a 30-year mortgage declined 5 basis points to 6.88% in the week ended