economy

Mortgage Rates Continue to Climb, Reaching New Heights

3 days ago

Latest data shows that mortgage rates in the United States continue to rise, reaching new levels not seen in recent years. According to a report released this week, the average rate for 30-year fixed mortgages has climbed to 7.59%. This increase is part of a broader trend observed in the economy, linked with the rising base interest rates set by the Federal Reserve.

Trump Calls US Trade 'Stupid,' Declares It's Not Free Trade

3 days ago

Former US President Donald Trump has fiercely criticized the current trade policy of the country, stating that it is not based on principles of free trade but rather constitutes "stupid" trade. In a recent interview, Trump emphasized the need to reevaluate trade agreements that, in his opinion, harm American workers and the economy.

Time Running Out for Taxpayers: Claim Up to $1 Billion in Refunds

3 days ago

Taxpayers in the United States have limited time to claim tax refunds from the year 2021. According to the Treasury Department, at least $1 billion may go unclaimed if individuals do not file their tax returns. For those who have not filed, there is a chance to receive sizable amounts; however, the deadline for submissions is approaching rapidly.

Canada Imposes New $21 Billion Tariffs on U.S. Imports

4 days ago

Canada has taken another step in escalating the trade war with the United States by announcing new tariffs worth $21 billion on U.S. imports. This decision is a response to recent actions by the U.S. government, which imposed tariffs on aluminum and steel, as well as new measures to protect domestic manufacturing. This move heightens market instability and raises concerns among experts about the potential consequences for both economies, which are closely intertwined.

Ireland and the USA: Strong Business Allies with Hopes for Trump

4 days ago

Ireland continues to bolster its ties with the United States, placing particular importance on business relationships, especially in light of the potential return of Donald Trump to the political stage. The head of the Irish government, Liam Farrell, expressed his optimism during breakfasts with high-profile American businessmen, indicating that Irish businesses are keen on continuously expanding trade with the U.S.

US Inflation Analysis: February 2025 Shows Slowing Price Growth

4 days ago

In February 2025, the Consumer Price Index (CPI) data showed that inflation in the United States is slowing down. According to the report from the Bureau of Labor Statistics, the overall price level increased by 0.2% compared to the previous month, marking a significant reduction compared to earlier observations.

Increase in Tax Refunds in the USA: How Will It Affect the Economy?

5 days ago

According to the latest data provided by the Internal Revenue Service (IRS), Americans are currently receiving tax refunds that are larger than last year. So far, the number of refunds has increased by 4.7% compared to the same period last year, which is linked to the improving financial situation of many citizens and the opportunity to take advantage of several tax benefits, such as an increased standard deduction and more generous tax credits for families with children.

Trump Highlights Manufacturing Boom in First Full Jobs Report of His Second Term

9 days ago

Former President Donald Trump expressed confidence in a significant uptick in the manufacturing sector, referencing the data from the first full jobs report released during his second term. In his recent speech, Trump emphasized that employment trends in the country are showing impressive results, pointing to an increase in jobs within the manufacturing industry. He termed these figures a key indicator of economic growth and stability.

Sharp Drop in U.S. Mortgage Rates: Largest Decline Since Mid-September

9 days ago

This week, mortgage rates in the United States saw a significant drop, recording the largest weekly decline since mid-September. According to reports, the average rate for a 30-year fixed mortgage fell to 7.57%, which is down 0.32% from the previous week. This development has become a crucial event in the market, considering that high interest rates had previously made it difficult for homebuyers.

Strong US Jobs Report for February 2025

9 days ago

The latest US employment report for February 2025 reveals a significant increase in job numbers, indicating the resilience of the country's economy. The data shows that 250,000 new jobs were added to the economy last month, surpassing analysts' forecasts and reflecting the continued recovery processes in the labor market.