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News Articles: Economy

Federal Reserve Chair Jerome Powell arrives for a meeting of financial regulators in Washington, D.C., on July 28, 2023. Powell warned on Friday the fight against inflation still "has a long way to go."

Tagged as: 

  • Economy

Fed Chair Jerome Powell warns the fight against inflation is far from over

Federal Reserve Chair Jerome Powell said interest rates could stay elevated for an extended period to bring inflation to the central bank's 2% target.

August 25, 2023
|
By:
  • Scott Horsley
A maintenance worker sweeps the street in front of a row of new homes in Fairfax, Va., on Aug. 22. Sales of new homes are taking off as current homeowners are reluctant to sell their houses, because they would face a higher mortgage for their next one.

Tagged as: 

  • Economy

These are 5 ways surging mortgage rates are reshaping the housing market

The housing market is showing a split: Sales of existing homes were down last month, but sales of newly built houses were up.

August 25, 2023
|
By:
  • Scott Horsley
Greg Rosalsky looks at his new son in the hospital.

Tagged as: 

  • Family

I'm a new dad. Here's why I'm taking more parental leave than my wife.

More than 70 percent of American fathers return to work less than two weeks after having a baby. Here is why I'm not one of them.

August 22, 2023
|
By:
  • Greg Rosalsky
A conceptual illustration of a bridge that is planned as part of a new spur trail to connect neighborhoods in the Upper Westside to the Atlanta Beltline’s Westside Beltline Connector Trail. (Upper Westside Improvement District)

Tagged as: 

  • News

Spur trail to link Atlanta’s ‘Upper Westside’ to Downtown

The route for a planned new trail is less than a mile, but it is expected to create a critical link between Downtown Atlanta to historic neighborhoods in the rapidly developing area now called the Upper Westside.

August 21, 2023
|
By:
  • Dyana Bagby
GPB  NPR

Tagged as: 

  • Economy

Mortgage rates are at a record high. Here's what that means for home buying

Rates for a fixed, 30-year mortgage jumped to the highest rate seen in over 20 years - over seven percent. We'll look at what this means for prospective homebuyers, and the housing market in general.

August 20, 2023
|
By:
  • Scott Simon and
  • Scott Horsley
Mortgage rates have been surging, making home ownership a lot less affordable for many people. The higher rates have also made people reluctant to sell their current homes, since many would likely have to pay more in mortgages for their next house.

Tagged as: 

  • Economy

Mortgage rates just hit their highest since 2002

The average cost of a 30-year fixed-rate mortgage jumped to 7.09% this week, the highest in over two decades. Rising interest rates have put homes out of reach for many would-be buyers.

August 17, 2023
|
By:
  • Scott Horsley
A person sits near a construction site of residential buildings by Chinese developer Country Garden, in Beijing, Aug. 11. Country Garden is facing major financial challenges.

Tagged as: 

  • Asia

China's economic woes keep getting worse. Here's why

China has seen a series of disappointing economic data this year. UBS' Tao Wang explains what went wrong with the anticipated recovery after China's tough COVID restrictions, and what could come next.

August 16, 2023
|
By:
  • Vincent Ni
Fort Stewart-Hunter Army Airfield Garrison Commander Col. Manuel Ramirez signs an agreement with Georgia Southern University officials at Fort Stewart near Hinesville on July 31, 2023.

Tagged as: 

  • Education

Army partners with Georgia Southern to offer soldiers on-base MBA, other graduate programs

Veterans and Army family members can also enroll.

August 11, 2023
|
By:
  • Benjamin Payne
Bond yields remain high this year after a miserable 2022 in debt markets. That's raising borrowing costs such as interest rate payments for credit cards.

Tagged as: 

  • Business

Why the sell-off in bond markets could impact you

The bond markets are being hit hard by the Fed's aggressive rate hikes and recent events including a downgrade of the country's ratings. These are three ways in which that could impact the U.S.

August 11, 2023
|
By:
  • David Gura
The latest inflation report is reinforcing hopes about a soft landing in the economy — or when inflation eases without sparking a downturn.

Tagged as: 

  • Economy

Here's where inflation stands today — and why it's raising hope about the economy

Consumer prices rose 3.2% in July from a year ago, higher than the 3% gain seen in June — but it was largely due to math. Overall, inflation continues to ease, raising optimism about the economy.

August 10, 2023
|
By:
  • Scott Horsley and
  • David Gura
<em>Yellowstone</em>'s later seasons were filmed in Montana.

Tagged as: 

  • National

Hollywood strikes' economic impacts are hitting far beyond LA

The writers and actors strikes in Hollywood are affecting jobs across the U.S. The Motion Picture Association says film and TV productions employ more than 1.7 million people outside California.

August 10, 2023
|
By:
  • Tilda Wilson
Annual inflation accelerated slightly in July, although the uptick was modest and within expectations.

Tagged as: 

  • Business

Inflation got a little higher in July as prices for rent and gas spiked

Consumer prices rose 3.2% in July from a year ago, up slightly from the 3% annual rise see in June — but still within analyst expectations

August 10, 2023
|
By:
  • Scott Horsley
The Arch on the University of Georgia campus

Tagged as: 

  • News

Study: University System of Georgia contributes more than $20 billion to economy

The University System of Georgia delivered an economic impact of $20.1 billion in fiscal 2022, up $800 million, or 4.14%, over the previous year.

August 09, 2023
|
By:
  • Dave Williams

Tagged as: 

  • Economy

Being in-between jobs is normal. Here's how to talk about it

I recently went on medical leave from my job. I'm looking for a new career start and working through options. How can I talk about my in-between career state with friends and family?

August 08, 2023
|
By:
  • Life Kit
The latest employment data for July is bolstering hopes about the economy after employers continued to add jobs at a solid clip.

Tagged as: 

  • Economy

The case for a soft landing in the economy just got another boost

U.S. employers added 187,000 jobs in July, a slower but still solid pace of growth, suggesting the Federal Reserve may be able to curb inflation without triggering a recession.

August 04, 2023
|
By:
  • Scott Horsley
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