Consumers are benefitting from historically low mortgage rates, but will interest rates stay that low? Learn how you can take advantage of 2% mortgage rates while they last. (iStock) Over the past year, mortgage rates have reached historic lows due to the ongoing coronavirus pandemic. In March 2020, the average rate for a 30-year mortgage started to drop, and it […]

COVID pandemic took US debt to level that may start ‘major problems’ for economy: Macromavens president Macromavens President Stephanie Pomboy discusses her outlook for the stock market amid more government spending and inflation pressures. Macromavens president Stephanie Pomboy tells FOX Business' "Mornings with Maria" that government spending and inflation pressures may start to cause "major problems" for the U.S. economy […]

Economists concerned about impact of stimulus: Tax Foundation president Tax Foundation President Scott Hodge argues inflation is a tax increase on Americans’ incomes. As the latest round of direct relief payments to Americans is being deposited in bank accounts, there has been an increase in violence related to the sought-after stimulus money. HOW TO TRACK THE STATUS OF YOUR THID STIMULUS CHECK […]

Economists concerned about impact of stimulus: Tax Foundation president Tax Foundation President Scott Hodge argues inflation is a tax increase on Americans’ incomes. Tax Foundation President Scott Hodge warned on “Cavuto Coast-to-Coast” on Wednesday that economists are currently “very concerned about the amount of stimulus money that’s been put into the economy and what impact that’s going to have on inflation overall.” Hodge noted that […]

Fox Business Flash top headlines for March 16 Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. Uber will give workers’ rights, including the minimum wage, from Wednesday to all of its more than 70,000 British drivers after the ride-hailing app lost a UK Supreme Court case last month in a blow to gig economy companies and a […]

A report released by the Federal Reserve Bank of New York on Monday showed an acceleration in the pace of growth in New York manufacturing activity in the month of March. The New York Fed said its general business conditions index climbed to 17.4 in March from 12.1 in February, with a positive reading indicating growth in regional manufacturing activity. […]