Noticias Financieras – UP2DATE News de Advise Financial
14 de November de 2024
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In UP2DATE News you will find the main Financial and Economic News for the week ending Noviembre 14th, 2024.
Federal Reserve cuts by a quarter-point
The FED cut its key interest rate by 0.25% to balance inflation control and job market support, further short-term cuts may be unlikely due to potential growth and inflation under the new administration.
Source: ApNews
US producer inflation rises in October
U.S. producer prices rose in October mainly due to higher service costs. The core Producer Price Index increased 3.5% year-over-year, with economists anticipating higher core PCE inflation for the month.
Source: Reuters
Credit card debt hits record $1.17 trillion
In Q3 2024, U.S. credit card debt reached a record $1.17 trillion, up 8.1% from last year, but improved delinquency rates suggest manageable debt burdens for now.
Source: CNBC
NY Fed says household debt up in third quarter
U.S. household debt reached $17.94 trillion in Q3 2024, up 0.8% from the previous quarter. Despite a slight increase in delinquency rates, rising incomes helped manage the debt burden.
Source: Reuters
US mortgage rate rise to a four-month high
U.S. 30-year fixed mortgage rates have risen to 6.79%, a 4-month high, contributing to a 14-year low in existing home sales.
Source: Reuters
US Initial Jobless Claims Dropped to Lowest Since May
U.S. unemployment claims fell to a six-month low of 217,000 last week, signaling strong labor demand despite recent storm disruptions and strikes. However, some job cuts have been announced.
Source: Bloomberg
In UP2DATE News from Advise Financial you will find the main financial and financial news for all the weeks
Note: does not represent advice or offer of services, only for educational purposes.
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