Economic Indicators

Mortgage rates have seen record high's over the last 10 weeks, climbing to and the hovering around 7%. This week they climbed up to 7.08% doubling last year.

Republican Govs. Ron DeSantis of Florida and Brian Kemp of Georgia both won re-election, receiving major support among voters concerned about inflation.

Here's where the midterm election results stand, and what it means for the future economy.

Phillips' investor-return plan comes at a time President Biden has demanded that energy companies invest their profit into boosting production before considering shareholder returns.

Gas prices will remain elevated despite the results of the midterm elections due to a variety of factors including OPEC+ production cuts and Russian's invasion of Ukraine, experts say.

Online real estate company Redfin announced that it's reducing its workforce again. This time, 862 employees will be laid off amid the uncertain economic environment.

Organizations representing the oil industry and workers ripped President Biden after he vowed to block new fossil fuel drilling, saying he should focus on policy, not politics.

President Joe Biden's tweet about the "most common" gas prices was slapped with a fact check Sunday to provide some more clarification.

A family-owned small business in central Virginia tells FOX Business inflation has been detrimental to their livelihood and has forced them to raise the price on their goods.

Largest U.S. refiner Marathon Petroleum Corp aims to operate its system at 93% of combined oil processing capacity, a cooler pace as it completes maintenance work at some plants.

ECB President Christine Lagarde said central bankers must be "prepared to take the necessary decisions, however difficult, to bring inflation back down.

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Mortgage rates dipped slightly this week to 6.95% down from a 20-year high last week of 7.08%, this continues to affect the real estate market as demand slumps.

While the housing market could bring the economy into a recession next year, it could also bring it out, economists at the Mortgage Bankers Association (MBA) conference said.

RetailMeNot is offering shoppers a way to earn cash back at over 2,500 retailers and brands to help ease the stress of inflation while they shop for their holiday gifts.

The Federal Reserve enacted its fourth consecutive 75-basis-point interest rate hike as it attempts to cool inflation without triggering an economic recession.

Private companies onboarded 239,000 new workers in October despite growing concerns that the Federal Reserve will trigger a recession with its war on inflation.

Oil industry groups are reacting to President Joe Biden on Monday threatening a potential windfall profit tax or other repercussions against oil companies.

Former Treasury Secretary Larry Summers on Tuesday questioned a potential windfall tax on oil company profits, arguing it would discourage investment.

Fannie Mae forecasted that home prices will fall in 2023 and that GDP could contract once again at the end of this year. And while it predicted that a recession next year could be mild, it said there are still risks that could create a larger financial crisis.