Fed raises interest rates a quarter point despite recent banking turmoil
The Fed is trying to balance its fight against inflation with a new crisis in the financial sector triggered by the collapse of Silicon Valley Bank earlier in March.
Home Depot founder shares 'brutal' truth about Fed, urges entire board to resign
Home Depot co-founder and billionaire entrepreneur Ken Langone goes on a rampage over the Federal Reserve's "painful" inflation response, and explains why the board should resign.
Fund managers worry system credit crunch could crash US markets
A Bank of America survey of fund managers shows that the threat of a systemic credit crunch is the newest threat to the market after two bank failures.
Stuart Varney: Biden's massive spending got US into a big financial mess
FOX Business' Stuart Varney says Biden and Jerome Powell are to blame for the banking crisis and high inflation due to nonstop spending and money printing.
Fed rate hikes will trigger a downturn of greater 'speed and magnitude' than the Great Recession: Economist
The market's bubble has now "burst," and will impact "everything everywhere all at once" in the U.S. economy, economists Stephanie Pomboy and Art Laffer argue.
UK inflation rate unexpectedly rises to 10.4% in February
Inflation in the U.K. rose more-than-expected to 10.4% in February as higher food and drink costs pushed up prices.
Ted Cruz introduces bill blocking Fed from adopting central bank digital currency
Senator Ted Cruz introduced legislation banning the Federal Reserve from moving forward with a central bank digital currency that would be available for use by consumers.
Fed officials meet in shadow of banking crisis, high inflation
Turmoil within the banking sector has upended expectations for the Federal Reserve's rate-hike decision Wednesday as officials continue to grapple with high inflation.
Elon Musk says what he thinks the Fed should do with interest rates
Elon Musk on late Monday offered his opinion on what the Federal Reserve should do with its benchmark interest rate. The Fed's FOMC is meeting for two days this week.
Fed could put US economy in 'very dire situation' with rate hike decision, expert warns
Is the Fed's next rate hike decision going to be "poorly perceived" by the markets and bring the U.S. economy closer to recession? Experts Mike Lee and Kathryn Rooney Vera weigh in.
Home sales jump 14.5% in February as prices fall for the first time in a year
Sales of previously owned homes rose 14.5% in February from the prior month as mortgage rates fell, according to the National Association of Realtors.
Yellen says US will take more action to protect smaller banks if needed
U.S. regulators are willing to take drastic actions to protect small and mid-sized banks amid fears of deposit runs that "pose the risk of contagion."
Stuart Varney: Bailouts are bad, but a crash is worse
FOX Business' Stuart Varney discussed whether politicians would bail out banks as they did during the 2008 crisis, arguing an economic collapse is worse than a government bailout.
How Bitcoin is benefiting from the banking crisis
The crypto winter that battered Bitcoin prices appears to be thawing as the U.S. banking crisis roils investors and calls into question the Federal Reserve's rate hike strategy.
Federal Reserve sounded alarm about Silicon Valley Bank's risk management in 2019: report
The Federal Reserve reportedly issued multiple warning about Silicon Valley Bank's risk management starting at least four years before the bank's implosion.
San Francisco Fed criticized for missing Silicon Valley Bank’s red flags
The Federal Reserve Bank of San Francisco is facing mounting criticism after Silicon Valley Bank, which was under its supervision, collapsed following a bank run by depositors.
Fed blinking in 'front of financial instability' is the 'worst thing they can do,' warns economic adviser
Allianz chief economic adviser Mohamed El-Erian discussed how the Federal Reserve's management led to the Silicon Valley Bank failure and other bank crises.
Credit Suisse and banking crisis, Fed meeting, Nike earnings top week ahead
The future of First Republic Bank and Credit Suisse will dominate the headlines in the coming week ahead of the Federal Reserve's decision on interest rates.
US home prices post first annual decline since 2012
The median U.S. home sale price dropped 1.2% in February, marking the first year-over-year decline in a decade, according to a new report from Redfin.
Banks borrow record-breaking $160B from Fed crisis lending programs
The Federal Reserve's emergency bank lending surged to a record high this week amid fallout from the collapse of Silicon Valley Bank and Signature Bank.