Powell says Fed will likely cut rates cautiously given persistent inflation pressures

WASHINGTON (AP) — Chair Jerome Powell said Thursday that the Federal Reserve will likely cut its key interest rate slowly and deliberately in the coming months, in part because inflation has shown signs of persistence and the Fed's officials want to see where it heads next. ...

Powell says Fed will likely cut rates cautiously given persistent inflation pressures

The average rate on a 30-year mortgage in the US slips to 6.78%

The average rate on a 30-year mortgage in the U.S. edged lower this week, ending a six-week climb. The rate slipped to 6.78% from 6.79% last week, mortgage buyer Freddie Mac said Thursday. That’s still down from a year ago, when the rate averaged 7.4%. Borrowing...

The number of Americans filing for jobless claims falls to lowest level in 6 months

The number of Americans applying for unemployment benefits fell to the lowest level in six months last week as layoffs remain at relatively healthy levels. The Labor Department reported Thursday that jobless claim applications fell by 4,000 to 217,000 for the week of Nov. 9. That’s...

Food prices worried most voters, but Trump's plans likely won't lower their grocery bills

Americans are fed up with the price of food, and many are looking to President-elect Donald Trump to lower their grocery bills. Trump often railed on the campaign trail against hefty price increases for bacon, cereal, crackers and other items. “We’ll get them...

US wholesale inflation picks up slightly in sign that some price pressures remain elevated

WASHINGTON (AP) — Wholesale prices in the United States rose last month, remaining low but suggesting that the American economy has yet to completely vanquish inflationary pressure. Thursday's report from the Labor Department showed that its producer price index — which tracks...

US wholesale inflation picks up slightly in sign that some price pressures remain elevated

Top Federal Reserve official defends central bank's independence in wake of Trump win

WASHINGTON (AP) — A Federal Reserve official gave a lengthy defense of the central bank's political independence Thursday, just days after former President Donald Trump, an outspoken Fed critic, won re-election. “It has been widely recognized — and is a finding of economic...

Stock market today: Wall Street drifts to a mixed finish after an inflation update

NEW YORK (AP) — U.S. stocks drifted to a mixed finish Wednesday after the latest inflation update boosted hopes that more help for the economy will arrive next month through a cut to interest rates. The S&P 500 was nearly unchanged and edged up by less than 0.1%, coming off...

Adecoagro: Q3 Earnings Snapshot

LUXEMBOURG (AP) — LUXEMBOURG (AP) — Adecoagro SA (AGRO) on Wednesday reported third-quarter earnings of $19.1 million. On a per-share basis, the Luxembourg-based company said it had net income of 19 cents. Earnings, adjusted for one-time gains and costs, came to 28 cents per...