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Chicago Fed President Austan Goolsbee sees inflation from Iran war as risk to 2026 rate cuts

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Federal Reserve Bank of Chicago President Austan Goolsbee thinks that the Iran war risks fueling inflation, which would make it harder for the central bank to ease interest rates in 2026. Goolsbee — who emphasized he was speaking for himself and not for the Federal Reserve as a whole — told CBS News that, before … Read more

Military suicides long-term rate for active duty troops still rising: Pentagon

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WASHINGTON — Fewer American service members died by suicide in 2024, with the number of deaths falling by 11% to 471 from a year earlier, according to a Pentagon report released Tuesday. The rate of suicides per 100,000 service members also dropped that year compared to 2023, the report said. The decrease emerged under Defense … Read more

Growth rate slowed in US metro areas in 2025, with steepest drops along the southern border

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Growth rates in U.S. metro areas dropped the steepest in communities along the U.S.-Mexico border last year because of declines in immigrants while counties along Florida’s Gulf Coast lost residents due to a series of hurricanes, according to new population estimates released Thursday by the U.S. Census Bureau. The estimates showed that a majority of … Read more

Chances of a Federal Reserve rate cut fade as inflation worsens

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WASHINGTON — The jump in gas prices stemming from the war in Iran has had another impact that may also affect many Americans’ finances: Higher interest rates. Longer-term interest rates have risen quickly since the war began Feb. 28, pushing up the cost of mortgage loans, auto loans, and business borrowing. And with inflation measures … Read more

3 reasons the Federal Reserve’s interest rate pause is worrying investors

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The fog from the Iran war is obscuring the Federal Reserve’s view of the U.S. economy. Investors were rattled on Wednesday, when the central bank said it is holding interest rates steady, after Fed Chair Jerome Powell repeatedly underlined the mounting uncertainty caused by the escalating Middle East violence. Stocks slumped during his afternoon press conference, … Read more

Federal Reserve could signal no interest rate cuts this year in wake of Iran war

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WASHINGTON — A key question hangs over the Federal Reserve’s two-day meeting that ends Wednesday: Will central bank policymakers still reduce short-term interest rates this year, now that the Iran war has sent oil prices higher and gas prices spiking? Or will they have to stand pat for months to see how the conflict plays … Read more

3 benefits of a mortgage interest rate lock to know now

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A mortgage interest rate lock has multiple, timely benefits for borrowers to explore right now. Pla2na/Getty Images The homebuying process always needs to be approached strategically, but in the unique economic climate borrowers find themselves in this month, it’s arguably more important than usual to make the right decisions. Mortgage interest rates just in February, … Read more

TSA callout rate surges as DHS shutdown continues

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IE 11 is not supported. For an optimal experience visit our site on another browser. Midwest slammed by record-shattering blizzard 02:19 Iran launches new attacks on civilian targets including airports 02:11 Trump urges allies to help escort ships through Strait of Hormuz 02:10 White House Chief of Staff, Susie Wiles, diagnosed with breast cancer 00:54 … Read more

TSA callout rate surged over weekend as partial shutdown continues

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TSA staffing shortage issues surged over the weekend after agents missed their first full paycheck due to a partial government shutdown, creating hourslong wait times for travelers as call outs increase operational concerns, according to the Department of Homeland Security. There were more than 111 incidents where shortages threatened “operational integrity” on Sunday, which the … Read more