As part of its deal, 84 First Republic branches in eight states will reopen as JPMorgan branches on Monday.
Tag: Interest Rates
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Housing Market Gridlock: Buyers Are Eager, but Sellers Are Scarce
Homeowners with low-rate mortgages are delaying the decision to sell until market conditions change.
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Wages Continue to Grow, Good for Workers but a Worry for the Fed
Wages and salaries for workers rose 5.1 percent from a year earlier, which helps employees keep up with the rising cost of living but complicates the Federal Reserve’s efforts to tamp down inflation.
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Inflation Cooled in March, but Stubborn Price Increases Remain
The Federal Reserve’s preferred inflation gauge, the Personal Consumption Expenditures index, slowed in March. But signs point to staying power.
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Stress Builds as Office Building Owners and Lenders Haggle Over Debt
The health of banks and cities and the nation’s economy could hinge on high-stakes negotiations over commercial real estate loans.