US job growth cools in October to 150K while unemployment unexpectedly rises
The October jobs report released Friday provided a key look at the labor market's health as it continues to confront high interest rates and inflation.
October jobs report likely to point to a slowdown in hiring
The October jobs report, due Friday morning, is expected to show the labor market is continuing to moderate due to higher interest rates and inflation.
Holiday sales forecast to hit record high this year, despite growing economic headwinds
The National Retail Federation on Thursday projected that retail sales could hit a record high this year, despite high interest rates and ongoing inflation.
Mortgage rates continue to hover near highest level since 2000
Freddie Mac on Thursday said that mortgage rates paused their multi-week climb last week, but continued to hover near the highest level in two decades.
Fed holds steady on interest rates but leaves room for future hikes
The Federal Reserve announced another pause on interest rate hikes during its November meeting on Wednesday.
Fed leaves interest rates unchanged again despite still-high inflation
The Federal Reserve paused its interest-rate hike campaign on Wednesday for the third time this year despite signs that inflation remains unusually high.
Job openings unexpectedly rise for second straight month
The number of available jobs unexpectedly rose in September to 9.6 million, a worrisome sign for the Federal Reserve in its fight to wrangle inflation.
Home prices could spike nearly 5% in 2024: Zillow
Despite elevated mortgage rates, consumers may find some relief with new property listings in a tight housing market, according to a Zillow forecast. Here's what you need to know.
What to expect from the Federal Reserve's meeting this week
The Federal Reserve is likely to hold interest rates steady at a 22-year high on Wednesday, even as inflation remains above the central bank's 2% goal.
Home prices jump for seventh straight month in August
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.
Home sale agreements cancelled at an alarming rate: Redfin
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.
Goldman Sachs CEO: Doesn’t see 1970-80s interest rates
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?
Taylor Swift, Beyonce juice 3Q GDP
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 CEO Jamie Dimon: Central banks have been 'dead wrong'
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.
Retail credit card rates hit record high
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.
The reality of 8% mortgage rates
Mortgage rates have skyrocketed in the wake of the Federal Reserve's aggressive interest rate hike campaign, costing U.S. homebuyers thousands of dollars.
Americans' net worth grew 37% after pandemic hit: Fed survey
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.
Elon Musk says he's worried about the 'high interest rate environment we’re in'
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.
Fed's Powell warns slower economic growth may be needed to cool high inflation
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 are on the rise
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.


















