Over the next year or so millions of adjustable rate mortgages will recalibrate to higher interest rates. We asked Steve Tripoli to climb into the Marketplace time machine with the dials set for, say, next August and give us tomorrow's news today.
It's now the European Union's turn to get cranky over cheap Chinese imports and call for China to revalue its underpriced currency. But does the E.U. have the economic leverage to force a change? Jill Barshay reports.
What's it mean for the economy that 110,000 jobs were created last month and unemployment ticked up to 4.7%? Steve Tripoli asked economists for some clarity in the Labor Department figures. But, well, they're economists.
The Labor Department reported that the unemployment rate ticked up last month to 4.7 percent, the highest rate in more than a year. But Amy Scott reports why economists still think this report is pretty good.