Jesse

Inflation increased to 3.4% in December – Here’s what that means for mortgage rates

By: Grocery prices increased in December, contributing to the overall rise in inflation. (iStock) Consumer prices increased more than expected in December, driven by a continued uptick in shelter prices, according to the Consumer Price Index (CPI) released by the Bureau of Labor Statistics (BLS).  On an annual basis, prices rose 3.4% in December, up from 3.1% growth…

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Fresh Inflation Data Shows Intact, but Bumpy, Cool-Down

By Consumer price data released Thursday showed Federal Reserve officials, the White House and American households that inflation continued to slow at the end of 2023, capping a year in which the price increases bedeviling families and policymakers cooled in earnest.Prices overall climbed more quickly in December than November on a yearly basis: 3.4 percent…

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Some lawmakers want to dismantle the agency that made Arizona an economic powerhouse

In the wake of the 2008 financial crisis — a disaster that wreaked havoc disproportionately on Arizona households and businesses — state leaders established the Arizona Commerce Authority (ACA) with the goal of recharging and diversifying our economy to better withstand future downturns.The ACA, which was created by then-Republican Gov. Jan Brewer along with a…

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