Fed said interest rates will be reduced this year, just not now
On Wednesday, the Federal Reserve announced that it would maintain the federal funds rate at a range of 5.25% to 5.5%.
LARRY KUDLOW: Why should the Fed get tangled up in election-year politics?
FOX Business host Larry Kudlow predicts how the Federal Reserve will move in an election year on Friday's "Kudlow."
Mortgage rates creep toward 7%, straining homebuyer affordability: Freddie Mac
The average 30-year fixed-rate mortgage was 6.9% for the week ending Feb. 22, according to Freddie Mac's latest Primary Mortgage Market Survey.
US dollar to remain world's reserve currency, Fed's Waller says
The Fed's Christopher Waller said that he expects the U.S. to remain the world's leading reserve currency given a lack of practical alternatives and the dollar's status as a safe haven.
Inflation rises higher than expected, further obscuring the timeline on the Fed's interest rate cuts
Inflation slowed from December to January, but remained above the sub-3% growth economists had expected, according to the Consumer Price Index.
These 5 cities have the largest inflation problem: survey
These cities topped the list of those with the largest inflation problem, according to a recent WalletHub survey.
Fed holds steady on interest rates, but outlook on when cuts will come remains cloudy
The Federal Reserve held the federal funds rate at a 22-year high of 5.25% to 5.5% at its January meeting on Wednesday.
Elizabeth Warren calls for Fed chair Powell to lower 'astronomical' interest rates
Sen. Elizabeth Warren and three other Democratic senators wrote to Fed Chair Jerome Powell to call for the Fed to cut interest rates this year to ease housing prices.
The Fed's Powell will have to play politics to keep his job
The Federal Reserve has always been a political entity. And Fed Chairman Jerome Powell knows if he wants to keep his job he will have to play politics this election year.
US fourth quarter GDP beats expectations and recession odds
Real GDP increased at an annual rate of 3.3% for the October-through-December period after rising 4.9% in the third quarter of 2023, according to the BEA's advance estimate released Thursday.
Mortgage rates hold steady but likely to keep dropping as 2024 unfolds: Freddie Mac
The average 30-year fixed-rate mortgage was 6.62% for the week ending Jan. 4, according to Freddie Mac's latest Primary Mortgage Market Survey. However, many perspective homebuyers said they need rates to fall before buying a house.
Here's how you can make your 2024 financial goals a reality
Higher living costs are why Americans think it will be more challenging to meet financial goals next year, but many are taking steps to make sure they don't miss the mark, a recent survey said.
Final third quarter GDP estimate revised downward to 4.9%
U.S. economic growth expanded at 4.9% in the third quarter of 2023, the Bureau of Economic Analysis said Thursday in a revised estimate.
'Too early to declare victory' on inflation, Chicago Fed president says
Chicago Federal Reserve Bank President Austan Goolsbee said Sunday that although the central bank has made good progress in bringing down inflation it's "too early to declare victory."
Fed decides no interest rate bump in December, indicates cuts ahead
The Federal Reserve announced a third interest rate pause during its December meeting on Wednesday, still leaving the federal funds rate at a 22-year high of 5.25% to 5.5%.
November inflation slows to 3.1%, led by falling gas prices
On an annual basis, consumer prices rose 3.1% in November, down from 3.2% growth last month and in line with economists' expectations.
U.S. employers add 199,000 jobs in November, hinting U.S. economy headed for soft-landing
Employment rose by 199,000 in November, according to the latest Employment Situation Summary from the U.S. Bureau of Labor Statistics (BLS).
Here's how high interest rates can help build your savings
The Federal Reserve's efforts to lower inflation have pushed interest rates to an all-time high, which means consumers pay more to borrow but could be earning more on savings, a recent survey by Santander said.
Recession or not, mortgage rates to keep dropping and home sales will recover by 2025: Fannie Mae
Fannie Mae said it expects mortgage rates to decline gradually over the next two years, which will trigger a modest rebound in home sales, according to its latest economic forecast report.
Fed may not be done with interest rate hikes – Here's how that could impact your debt
Federal Reserve Chairman Jerome Powell said that the progress made on moderating inflation has been gratifying but that there was still a long way to go to bring it to a 2% target rate.