- June 21, 2021
- Posted by: Stratford Team
- Category: Business
The Federal Reserve signaled that it may act sooner than previously planned to start dialing back the low-interest-rate policies that have helped fuel a swift rebound from the pandemic recession but have also coincided with rising inflation. The policymakers forecast that they would raise their benchmark short-term rate — which affects many consumer and business rates, from mortgages to auto loans — twice by late 2023.
Home sales in Grand Forks/East Grand Forks in May exceeded the year ago mark. A total of 95 properties exchanged hands last month compared to 74 a year ago. The average sales price was just under $239,000. The numbers from the Grand Forks Board of Realtors do not include privately sold homes…townhomes…and condos.
The number of Americans applying for unemployment benefits rose last week for the first time since April despite widespread evidence that the economy and the job market are rebounding steadily from the pandemic…
