Federal Reserve

Walmart shoppers are doing just that, shopping across the board, which allowed the world's biggest retailer to raise its full-year outlook for profits and sales.

Home Depot reported second quarter earnings slightly ahead of predictions on Tuesday, despite posting a drop in sales amid slowing demand for larger item purchases and building projects.

The average 30-year fixed-rate mortgage rate was 6.81% for the week ending July 27, 2023, Freddie Mac reported. That’s an increase from last week’s 6.78% rate. The news comes following the Fed’s decision to increase interest rates again to slow inflation.

St. Louis Federal Reserve President James Bullard has stepped down to become dean of Purdue University's business school, the bank announced Thursday.

In June, inflation was down from the annual inflation rate of 4% in May, but it increased 0.2% on a monthly basis, according to the Bureau of Labor Statistics.

The economy added 209,000 jobs in June, slowing from the previous month. But despite this slowdown, the Fed could still be on track to raise interest rates yet again later this year.

PacWest Bancorp confirmed on Monday the sale of a $3.54 billion loan portfolio to asset firm Ares Management after the LA-based bank began selling real estate loans in May.

Inflation is pushing many Americans to cut back on summer vacations and leisure activities, according to a recent survey by ScoreSense. Some have also turned to personal loans to cover expenses.

U.S. Federal Reserve Chair Jerome Powell said the Fed expects to raise interest rates again later this year after pausing rate increases during its June meeting.

Despite evidence of job growth, 75% of Americans said they fear widespread job losses, a Morning Consult survey showed. But a strong labor market may also push the Federal Reserve to keep increasing interest rates, as Americans cope with high inflation, reports have shown.

U.S. Federal Reserve Chair Jerome Powell testified before a House panel on Wednesday, saying more rate hikes are on the way, after the central bank paused hikes last week.

Builder confidence is up for the first time in 11 months, rising five points in May according to data compiled by the National Association of Home Builders (NAHB) on Monday.

Despite low inventory, the homes for sale are selling at a fast pace, according to a report by Redfin. Here’s what you need to know.

If President Biden’s objective was a stable economy coming out the pandemic, he has miserably failed, the American people know it and it will be an issue in the 2024 election.

The price of Bitcoin and Ethereum are falling after the U.S. Federal Reserve announced on Wednesday that additional interest rate hikes were on the way in 2023.

The Federal Reserve did not increase rates in June, which means the federal funds rate will remain in a targeted range of 5% to 5.25%, the highest level in 16 years.

Treasury Secretary Janet Yellen said on Wednesday that regulation "would be appropriate" in the crypto industry and she supports regulatory oversight.

A Federal Reserve governor said ongoing interest rate hikes are possible until inflation is closer to the institution's 2% objective. Meanwhile, Americans have been struggling with high interest rates and inflation, reports said.

The average rate for a 30-year fixed rate mortgage increased to 6.79% for the week ending June 1, according to Freddie Mac. Meanwhile, the Fed said it’s weighing in on the possibility of another interest rate hike.

Fannie Mae has forecasted a recession in 2023 since last April and said the tightening in credit lending would likely lead to slower future business investment this year.