Federal Reserve

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.

Inflation remains stubborn despite the Fed's 10 rate hikes creating more uncertainty about the whether policymakers will pause at their June meeting.

Consumer debt reached a record of $17.05 trillion in Q1 2023. Many Americans still deal with high inflation and are seeking help from their financial institutions, reports say.

New York Federal Reserve data released Monday shows household debt hit a fresh record in the first quarter of 2023 as high inflation squeezes Americans.

Home purchase sentiment increased month-over-month in April, according to the latest data by Fannie Mae. However many would-be homebuyers are still concerned over home price volatility and other factors.

The Fed has noted that the job market has a robust supply but warned that if it grew "tight" it might prompt the need for further rate hikes, which the bank is not keen to pursue.

The team for Florida Gov. Ron DeSantis released a new video that touts the governor signing legislation to ban the use of a central bank digital currency.

Gristedes CEO John Catsimatidis explained when Americans will see a break at the supermarket.

The Consumer Price Index (CPI), a measure of inflation, rose 4.9% year-over-year in April, a slowdown from the 5% increase in March, according to the Bureau of Labor Statistics (BLS).