The average rate on the popular U.S. 30-year fixed-rate mortgage has jumped to a six-month high as rising oil prices from the dragging Middle East war fanned inflation worries, which could weigh on home sales during the typically busy spring season.
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US GDP Seen Slowing to 2% in 2026, 1.2% in 2027
The escalating conflict in the Middle East has knocked the global economy off a stronger growth path, the OECD warned Thursday, as a near-halt in energy shipments through the Strait of Hormuz threatens to push inflation sharply higher.
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New Yorkers Realizing Just How Cold 'Warmth of Socialism' Is
The late British Prime Minister Margaret Thatcher observed that "The problem with socialism is that you eventually run out of other people's money." It looks like New York has finally run out of other people's money.
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Economists Poll: Fed Still Set to Cut Interest Rates in 2026
The Federal Reserve will keep U.S. interest rates on hold until September, according to economists in a Reuters poll who are still clinging to expectations for at least one reduction later this year, despite worries about inflation from war in the Middle East.
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Brazen Democratic-Socialists Leave Destruction in Their Wake
Mayor Mamdani and his DSA comrades have spent time since he took office on Jan. 1, 2026 promoting their radical causes as New York City's finances are deteriorating. The major debt rating agency, Moody’s, has downgraded the city's credit rating to "negative,"
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Global forecasting group sees U.S. inflation at 4.2% this year, much higher than Fed estimate
The forecast is a sharp step up from the prior projection of 2.8%. Moreover, it is much higher than the 2.7% Fed officials estimated.
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