Iran war: higher Treasury yields lift mortgage borrowing costs
Freddie Mac says the average 30-year mortgage rate dipped to 6.37%, but borrowing costs still pressure the spring housing market.
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Economy
Macro indicators, policy shifts, and economic forces shaping growth and inflation.
Labor squeeze: participation rate hits 1977 low
U.S. labor-force participation fell to 61.9% in March, its lowest since 1977 outside the pandemic, even as payrolls beat forecasts.
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Fed faces little room to cut rates
U.S. jobless claims rose by 16,000 to 219,000, while inflation is expected to climb as the Iran war lifts energy, food and financing costs.
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Economy Watch
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