Federal Reserve

Mortgage rates keep rising amid high inflation: Freddie Mac

Mortgage interest rates increased again this week after the year opened on a more optimistic note for homebuyers. Meanwhile, mortgage rate volatility persists as the Fed raises interest rates to fight inflation. But the tide may soon turn.

Inflation rose 6.4% in January

The latest read on consumer prices showed a mixed bag presenting more challenges for Federal Reserve Chair Jerome Powell as the central bank looks to combat high inflation.

Gold demand at its highest since 2011

The World Gold Council revealed that demand for gold hit highs last year not seen since 2011, fueled by central bank tightening cycles, including the Federal Reserve's.

Silver and gold poised to shine in 2023

With inflation, recession and a volatile stock market expected to remain big themes this year, precious metals are poised to shine in 2023, say experts. Gold and silver, hedges to inflation and uncertainty, could push gold to a record $2,100+ an ounce, while silver may approach $38 an ounce, a nearly 50% jump.