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Economy

“Food as You Know It Is About to Change”

“It can be tempting, in an age of apocalyptic imagination, to picture the most dire future climate scenarios: not just yield declines but mass crop failures, not just price spikes but food shortages, not just worsening hunger but mass famine.… Continue Reading…

Economy

“Wholesale prices rose 0.3% in November, more than expected, despite hopes that inflation is cooling”

“Wholesale prices rose more than expected in November as food prices surged, dampening hopes that inflation could be headed lower, the Labor Department reported Friday. The producer price index, a measure of what companies get for their products in the… Continue Reading…

Economy

“Jobless claims rise again in another sign that labor market is cooling”

“Initial jobless claims hit their highest level since mid-November last week, the latest sign that a historically tight labor market is beginning to slow, according to Labor Department data released Thursday. Claims totaled 251,000 for the week ended July 16, up 7,000… Continue Reading…

Economy, Real Estate

“Higher mortgage rates still aren’t cooling the hot housing market”

“Mortgage rates have been steadily rising this year, but that doesn’t seem to be slowing demand for housing — yet.According to Freddie Mac, the average rate on a 30-year mortgage is now 3.05%, up from the all-time low of 2.67% at the end of… Continue Reading…