Financial News Network

Jobless claims hold above 400,000 for the second week in a row

First-time claims for unemployment insurance were expected to total 380,000 for the week ended June 19.

Read more: https://www.cnbc.com/2021/06/24/weekly-jobless-claims.html

Delaware is expected to move to a $15 per hour minimum wage. What that could mean for the push to increase the national pay rate

Delaware's $9.25 minimum wage would increase to $15 by 2025 once the governor signs a new law.

Read more: https://www.cnbc.com/2021/06/24/what-15-dollar-minimum-wage-in-delaware-could-mean-for-national-pay.html

Fed Chair Powell says it's 'very, very unlikely' the U.S. will see 1970s-style inflation

Fed Chair Jerome Powell continued to attribute most of the recent inflation surge to factors closely tied to the economic reopening.

Read more: https://www.cnbc.com/2021/06/22/feds-powell-very-very-unlikely-the-us-will-see-1970s-style-inflation.html

May existing home sales drop for a fourth straight month as affordability squeezes buyers out

Sales of existing homes dropped for the fourth straight month due to a very low supply of homes on the market.

Read more: https://www.cnbc.com/2021/06/22/us-existing-home-sales-may-2021.html

Powell notes economic improvement, but says the pandemic remains a risk

Powell said in testimony prepared for delivery to Congress on Tuesday that the economy is growing but faces continued threats from the pandemic.

Read more: https://www.cnbc.com/2021/06/21/powell-notes-economic-improvement-but-says-the-pandemic-remains-a-risk.html

Fed's Jim Bullard sees first interest rate hike coming as soon as 2022

St. Louis Federal Reserve President James Bullard told CNBC that he sees an initial interest rate increase happening in 2022 as inflation picks up.

Read more: https://www.cnbc.com/2021/06/18/feds-jim-bullard-sees-first-interest-rate-hike-coming-as-soon-as-2022.html

Mortgage rates shoot higher after Fed Chairman Powell's comments

Mortgage rates moved decidedly higher after Federal Reserve Chairman Jerome Powell moved up his timeline for raising rates and tapering asset purchases.

Read more: https://www.cnbc.com/2021/06/17/mortgage-rates-shoot-higher-after-fed-chairman-powells-comments.html

The markets are on edge before the Federal Reserve's policy update in the face of surging inflation

The Fed is not expected to take any policy actions after its meeting this week, but it is likely to signal that it is thinking about them.

Read more: https://www.cnbc.com/2021/06/15/a-full-rundown-of-what-to-expect-from-the-federal-reserve-on-wednesday.html

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Economic News

Jobless claims hold above 400,000 for the second week in a row

Delaware is expected to move to a $15 per hour minimum wage. What that could mean for the push to increase the national pay rate

Fed Chair Powell says it's 'very, very unlikely' the U.S. will see 1970s-style inflation

May existing home sales drop for a fourth straight month as affordability squeezes buyers out

Powell notes economic improvement, but says the pandemic remains a risk

Fed's Jim Bullard sees first interest rate hike coming as soon as 2022

Mortgage rates shoot higher after Fed Chairman Powell's comments

The markets are on edge before the Federal Reserve's policy update in the face of surging inflation

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