Federal Reserve

The Federal Reserve may hike interest rates for the 11th straight time in June amid signs of stubbornly high inflation, according to Wall Street traders.

Applications for jobless benefits inched higher last week but previous weeks of data were revised lower after Massachusetts rooted out unemployment fraud.

Federal Reserve officials are split over whether to pause their aggressive interest-rate hike campaign at the June policy-setting meeting, minutes showed.

Purchase of new single-family homes rose 4.1% in April from the previous month, suggesting builders continued to benefit from limited resale inventory.

The worst of the housing market recession may not be over quite yet and could soon bleed into the broader U.S. economy, according to Fannie Mae analysts.

Several Federal Reserve officials signaled this week they could support an interest rate hike in June amid signs that inflation still remains too high.

A report from the Federal Reserve indicates Americans are feeling the financial strain of inflation, showing a sharp decline in financial well-being in 2022.

The National Association for Business Economics (NABE) survey for May found that forecasters expect inflation to remain elevated through 2023 and 2024 while gradually easing.

Minneapolis Federal Reserve President Neel Kashkari told the Wall Street Journal that he is open to a pause on interest rate hikes amid ongoing economic uncertainty.

Federal Reserve Chairman Jerome Powell said Friday that tighter credit conditions resulting from the recent regional banking crisis may cause the central bank to ease off rate hikes.

The average rate for a 30-year fixed-rate mortgage rose to 6.39% for the week ending May 18, 2023, according to Freddie Mac’s latest data. Still, some experts have said they believe mortgage rates may come down if the Fed loosens up monetary policy.

Sales of previously owned homes fell 3.2% in April from the prior month due to limited housing supply, according to the National Association of Realtors.

Dallas Federal Reserve President Lorie Logan said Thursday that economic data doesn't justify pausing interest rate hikes at the central bank's June meeting.

Applications for jobless benefits fell last week by the most since 2021 after unemployment fraud in Massachusetts distorted the data in previous weeks.

Home-purchase applications plummeted last week as higher mortgage rates weighed on buyer demand, according to a new survey from the Mortgage Bankers Association.

Tesla CEO Elon Musk warned that the Federal Reserve will be too slow to lower interest rates as the economy slows this year because it has "too much latency" in its decision-making.

Fund managers surveyed by Bank of America are increasingly pessimistic about the U.S. economy following the collapse of several banks earlier this spring.

The Commerce Department reported Tuesday that retail sales climbed 0.4% in April, the first increase since January as consumers picked up their spending.

A record low number of Americans think it's a good time to buy a house amid high inflation and rising interest rates, according to a new Gallup survey.

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.