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Listen Live
Saturday’s: 9AM 1590 AM/97.9 FM KVTA
Sunday’s: 7AM K-EARTH 101 FM
The dangerous thing about using credit cards is that if you don’t use them carefully, you can wind up neck-deep in debt — and getting out of that debt will cost you dearly. If you’re paying off a $10,000 balance over two years, and your APR is 18%, then you can expect to pay about
READ MOREThe rate of inflation in consumer goods and services topped 2% in February for the first time since 2012, a trend that could lead to higher borrowing costs for households and businesses unless it abates soon.
READ MOREConsumer spending showed a scant 0.1% increase last month. Economists had forecast a 0.2% gain in spending. Americans spent more on services such as travel but less on new cars and utilities during the second warmest February in 123 years. The slowdown in spending for the second straight month took place despite another healthy 0.4%
READ MOREAn inflation index known as PCE rose 0.1% in February, bringing the increase over the past 12 months to 2.1%. It’s the first time the yearly rate of inflation topped 2% since March 2012. The PCE index is the preferred tool for the Federal Reserve to measure inflation. The rate of inflation is now above
READ MOREMarch UofM Consumer Sentiment Index 96.9 vs. estimates of 97.6. A slight miss, but still at elevated levels..not a major factor in pricing for interest rates today.
READ MOREMarch Chicago PMI 57.7 vs. estimates of 56.5. This is a red-hot reading and generally negative for pricing, but today we re moving better for interest rates leading into the weekend.
READ MOREHousing affordability continues to slip lower, hitting levels not seen since 2008 and 2009. More housing markets are slipping below historical levels and homeownership is becoming out of reach for many as average incomes can’t keep up with growing home prices.
READ MOREFederal Reserve officials, including Chicago Fed President Charles Evans and his Boston counterpart, Eric Rosengren are scheduled to speak at separate events and may comment on the central bank’s interest rate outlook. Wall Street stock futures pointed to a slightly lower open on Thursday as investors continued to be on watch for more signals on
READ MOREThe number of Americans who applied for unemployment benefits in late March dropped by 3,000 to 258,000, keeping new claims near the lowest level in decades. Economists polled had expected initial jobless claims to total 247,000 in the seven days stretching from March 19 to March 25.
READ MOREThe fundamentals of the U.S. economy are good and call for another one or two increases in short-term interest rates this year, said Chicago Fed President Charles Evans on Wednesday. Over the next few years, economic growth should average a little above potential, which is not even as high as 2%, Evans said in a
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