Federal Reserve

U.S. home prices continued to march higher in August, according to S&P data, even as the housing market grapples with an ongoing spike in mortgage rates.

With high home prices and mortgage rates, more than 50,000 home buying contracts were canceled, Redfin found. Here’s a glimpse into today’s housing market.

Interest rates are climbing, driving prices higher for everything from homes to cars to credit cards. With the Federal Reserve on tap to raise rates further, how high can they go?

U.S. consumers spared no expense this past summer, attending concerts and sporting events in droves, as well as traveling, all of which may translate into a boom for the economy last quarter.

JPMorgan Chase CEO Jamie Dimon slammed central banks like the Federal Reserve for being "100% dead wrong" when they tried to paint inflation as "transitory" 18 months ago.

Consumers who shop with an in-store credit card are getting squeezed even more, according to new data that shows a spike in annual percentage rates for those who carry a balance.

Mortgage rates have skyrocketed in the wake of the Federal Reserve's aggressive interest rate hike campaign, costing U.S. homebuyers thousands of dollars.

American families posted double-digit percent increases in their real median net worths over the past three years. That's according to the Fed's Survey of Consumer Finances.

Tesla CEO Elon Musk said that he's worried about the impact of the high interest rate environment on car buyers and the economy at large during the company's earnings call.

Federal Reserve Chair Jerome Powell said Thursday that inflation remains "too high" and that slower economic growth may be required for prices to cool.

Credit card delinquency rates and balances increased in Q2 2023 amid a high interest-rate environment. But there are many ways to pay off debt quickly.

Climate protesters interrupted a speech by Federal Reserve Chairman Jerome Powell on Thursday, causing the central bank chief to be escorted off the stage.

The sale of previously owned homes fell again in September as high mortgage rates and a worsening supply shortage left would-be buyers with few options.

Federal Reserve Chairman Jerome Powell is delivering a speech on Thursday that will provide clues about where the central bank sees policy headed next.

Economic activity in the United States was little changed over the last month and a half, according to a Federal Reserve report published on Wednesday.

Home-purchase applications tumbled last week to the lowest level in nearly three decades as high interest rates and limited availability weighed on demand.

Confidence among builders in the U.S. housing market plunged to the lowest level since January 2023 as stubbornly high mortgage rates weighed on demand.

Home foreclosures are on the upswing nationwide, according to a new report, a sign that homeowners are still struggling from the ongoing inflation crisis.

Inflation stayed unusually high in September due to an uptick in the cost of energy, rent and food, and it continued to squeeze millions of U.S. households.

Average rates for fixed-rate mortgages rose again this week while demand for adjustable rate mortgages rose, signaling that prospective buyers are looking for relief from high payments.