Fed increasing demands for corrective actions by regional banks: report
The Federal Reserve has issued a number of private warnings to regional lenders as it seeks to tighten supervision following a spate of bank collapses.
US pending home sales rise at fastest pace in 7 months
Signed contracts to buy previously owned homes in the U.S. increased in July for the second consecutive month, despite a recent spike in mortgage rates.
Private sector job growth cools sharply in August to 177,000, worse than expected: ADP
Hiring by private U.S. companies cooled sharply in August, indicating that the labor market is beginning to soften as a result of higher interest rates.
Regulators propose changes to ‘living wills’ and debt rules for big banks in wake of crisis
Federal financial regulators proposed new rules for large banks that aren't classified as systemically important related to their long-term debt holdings and their "living wills."
Home prices rose for fifth straight month in June
U.S. home prices continued to march higher in June, according to new S&P data, even as the housing market grapples with an ongoing spike in mortgage rates.
Job openings drop more than expected in July to 2-year low
The number of available jobs in the U.S. plummeted more than expected in July to the lowest level in two years, a welcome sign for the Federal Reserve.
Fed governor warns more interest rate hikes may be coming
Fed Governor Michelle Bowman said additional interest rates may be needed to lower inflation to a preferred target range. But inflation has slowed in recent months, even as Americans dealt with record-high credit card debt.
The US housing market may be trapped in a prolonged freeze
Fannie Mae economists predicted in a revised forecast that the U.S. housing market faces a prolonged downturn due to high mortgage rates and limited supply.
Fed's Powell signals inflation fight not over, more rate hikes possible
Federal Reserve Chair Jerome Powell warned that inflation remains "too high" during his keynote address at the annual central bank meeting in Jackson Hole, Wyoming, on Friday.
Home price growth reaches highest level since last year: Redfin
Home prices increased 2.6% from last year, Redfin reported. And a lack of housing inventory could be placing barriers to homeownership and driving up prices. Still, the Fed's doubts over a possible recession may fuel a housing rebound.
Fed's Powell may open the door to another rate hike in Jackson Hole speech
Federal Reserve Chairman Jerome Powell may leave the door open to another interest rate hike during his keynote speech in Jackson Hole, Wyoming, on Friday.
Mortgage rates leap to 22-year high
The average rate on the benchmark 30-year fixed mortgage climbed to 7.23% this week, the highest since 2001, according to the latest data from Freddie Mac.
DeSantis, Christie unite in criticism of ‘Bidenomics’ in GOP debate opener
Florida Gov. Ron DeSantis and former New Jersey Gov. Chris Christie united in their criticism of President Biden's economic policies in response to the GOP debate's opening question.
Mortgage demand falls to lowest level since 1995 as rates surge
Home-purchase applications tumbled last week to the lowest level in nearly three decades as a spike in rates and limited availability weighed on demand.
Americans depend on credit cards more than ever: survey
Americans are relying on credit cards and many said they can’t pay off their balances, according to a Quicken survey.
S&P downgrades multiple US banks citing 'tough' lending environment
S&P Global Ratings downgraded five regional U.S. banks by one notch and lowered its outlook for several other lenders, following a similar move by Moody's.
Existing home sales continue to slide amid supply shortage, steep mortgage rates
The sale of previously owned homes slumped again in July as high mortgage rates and worsening supply shortage left would-be buyers with limited options.
Mortgage delinquency rates return to record low: CoreLogic
Mortgages in delinquency returned to a historic low in May, while foreclosures remained at an all-time low, according to the latest mortgage delinquency report from CoreLogic.
Bitcoin’s problem may be bond yields
Bitcoin took a sharp leg down to the $25,000 level as investors speculated about SpaceX's holdings, but there may be another major headwind for cryptocurrencies — rising bond yields.
Gas prices fire up as summer draws to a close: AAA
The national average price for a gallon of gas increased this week despite a decrease in oil prices, AAA reported. But severe weather could have a major impact on gas prices in the weeks to come.

















