Economy
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Realtors report higher prices, too few homes for sale
Sales for February jumped 7% compared to last year. Prices also jumped. The median home price in Wisconsin hit $304.900, which is nearly 11% higher than in February of 2023.
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Federal Reserve holds interest rates steady
The central bank said there was uncertainty when it came to the economy.
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Planned tariffs are pressure for countries to abandon unfair trade policies, Treasury Secretary says
Secretary Bessent's comments come ahead of a new round of reciprocal tariffs planned for April 2.
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Treasury Secretary Bessent says Biden admin. caused 'affordability crisis' that Trump will fix
Bessent also took a shot at the media, hinting that they gaslit Americans during Biden's administration that the economy was good.
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Inflation cooled slightly in February compared to previous month, 2.8% now compared to 12 months ago
Economists predicted that the consumer price index would increase to 2.9%.
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Agriculture Secretary Rollins says price of dozen eggs has dropped $1.85 in roughly past 13 days
Last month, Rollins unveiled the Trump administration's plan to lower the cost of eggs in a Wall Street Journal op-ed.
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US economy adds 151K jobs in February, unemployment rate at 4.1% , Labor Department
The numbers are slightly higher but consistent with Wall Street projects of 160,000 jobs and 4% unemployment.
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Starbucks to lay off 1,100 of corporate employees
Starbucks previously fired its employees and closed many stores in major cities.
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Apple to invest $500B in U.S. manufacturing, innovation after recent meeting between CEO Cook, Trump
Apple facilities are expected to expand in Washington state, California, North Carolina, Arizona and Iowa.
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Existing home sales fell 4.9% in January, continuing slump
Total existing-home sales – completed transactions that include single-family homes, townhomes, condominiums and co-ops – dropped 4.9% from December to a seasonally adjusted annual rate of 4.08 million in January. Year-over-year, sales gained 2% (up from 4 million in January 2024).
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Biden housing market inherited by Trump creates nightmare scenario for American dream
"Nobody wants to move because they are sitting on a 3% rate or they can't afford to move because their payment on the same type of house almost doubles," says a senior loan officer based in Ohio. "So, there's no volume."
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You Vote: Do you approve of President Trump's plan for global reciprocal tariffs?
Some are concerned that they will start trade wars, leading to higher prices and inflation in the U.S.
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Inflation climbed to annualized rate of 3% in January, Bureau of Labor Statistics reports
Consumer prices rise 0.5% in January