The Covid-19 pandemic has left one very destructive issue in its wake: disruption to global supply chains.
U.S. industrial production fell 1.3% in September, much more than expected as the lingering effects of Hurricane Ida continue to stymie activity.
The average rate on the popular 30-year fixed loan will rise to 4%, a full percentage point higher than it is now, MBA economists say.
Homebuilder confidence rose in October thanks to strong buyer demand.
Initial claims for unemployment insurance for the week ended Oct. 9 were expected to total 318,000.
Consumers spent at a much faster pace than expected in September, defying expectations for a pullback amid pervasive supply chain problems.
Richmond Fed President Thomas Barkin said he's on board with reducing the amount of economic help the central bank is providing.
Mortgage rates continued their trudge higher last week, leaving most homeowners with little to no incentive to refinance.
Consumer prices increased slightly more than expected in September as food and energy price rises offset declines in used cars, the Labor Department said.