Top marginal rate articles
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Fed leaves interest rates unchanged amid inflation rate higher than 2% target
May 1 (UPI) — The Federal Reserve Wednesday voted to keep interest rates unchanged, in line with expectations as inflation remains above the central bank’s 2% threshold. The Federal reserve’s Federal Open Market Committee said in a statement that the central bank left interest rates for overnight bank borrowing within a range of 5.25%-5.5%. With CPI inflation at 3.5%, the […] The post Fed leaves interest rates unchanged amid inflation rate higher than 2% target first appeared on Gephardt Daily.
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Demand for riskier adjustable-rate mortgages hits highest level of the year, due to rising rates
The share of ARM applications rose to 7.8% of mortgage demand last week, according to the Mortgage Bankers Association. That is the highest level of the year.
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USC's Caleb Williams, UCLA's Laiatu Latu are top pick and top defender taken in draft
First offensive player selected in the NFL draft: USC. First defensive player: UCLA. But how could we have guessed there would be so many picks between Trojans quarterback Caleb Williams going No. 1 to Chicago and Bruins edge rusher Laiatu Latu going 15th to Indianapolis? Williams, the 2022 Heisman Trophy winner, has clear goals in the coming weeks and months: “Learn all my teammates’ names, their families, learn the playbook and get ready to go win games.” Chicago had the opening selection for...