ALBANY, N.Y. (AP) — New York's plan to give fast-food workers a $15 minimum hourly wage is spurring similar efforts in other states even as Gov. Andrew Cuomo's effort to enact a $15 wage for all workers faces vocal opposition at home. (full story)
HARTFORD, Conn. (AP) — Wage growth in Connecticut remains below pre-recession levels despite improvements in job growth, further complicating the state's budgetary challenges, according to report released Thursday by Comptroller Kevin Lembo's office. (full story)
WASHINGTON (AP) — Average long-term U.S. mortgage rates fell sharply this week amid concern over a labor market that has shown recent signs of weakness. (full story)
(1) Treasury Yields - The interest rate that the U.S. Treasury pays to borrow money.
(2) Bank Rates - The federal funds rate is the rate that banks pay to borrow reserves from each other in the interbank market. The prime rate is the rate that banks charge for loans to their best customers.
(3) The interest rate swap rate represents the fixed rate paid on a rate swap to receive payments based on a floating rate. Our Dollar Interest Rate Swaps page shows 1-, 5-, 10-, and 30-year rate swap charts, as well as historical rate swap data tables.
(4) Mortgage Rates - Mortgage rates are the rates that banks charge for loans to homeowners with the home used as collateral for the loan. Fixed-rate mortgage rates are fixed over the term of the loan whereas adjustable-rate mortgages (ARMs) vary over the term of the loan.