Federal Reserve

The Federal Reserve delivered another interest rate hike on Wednesday, raising rates to the highest level since 2001 as it tries to crush high inflation.

Interest rate watchdog Jim Grant explains how the Fed's rate trajectory will cause "deep unrecognized losses" with market volatility and deep-set inflation.

Home prices climbed for the fourth straight month in May despite high mortgage rates, according to the S&P CoreLogic Case-Shiller index released Tuesday.

The Federal Reserve is expected to raise interest rates for the 11th time at the end of its meeting Wednesday as it continues its fight against inflation.

A majority of business economists believe the odds of a recession within the next 12 months are at 50% or less, according to a survey published by NABE.

Interest rates have impacted the finances of 61% of Americans, an Allianz survey found. Some experts predict the Fed will raise interest rates again in July as inflation has not cooled to its target range.

The U.S. housing market could take years to recover from the recent spike in mortgage rates, with property prices expected to fall at least 2.4% next year.

About half of Americans said income is not keeping up with inflation, a TransUnion survey reported. Plus, debt has reached record levels and the Fed may raise interest rates amid slowing, but high inflation.

Goldman Sachs economists lowered their probability of a U.S. recession within the next 12 months to just 20%, citing better-than-expected economic data.

Credit card debt is rising and while American consumers' spending shows confidence in their finances, high credit card interest rates loom as a threat if the economy slow.

U.S. home prices could still drop this year, according to a Pantheon economist, contrasting a narrative the housing market has recovered from higher mortgage rates.

The average 30-year fixed rate mortgage rate increased to 6.96% for the week ending July 13, Freddie Mac reported.

The Philadelphia Federal Reserve is crediting pop star Taylor Swift's Eras Tour for a rise in hotel bookings for the first time since the coronavirus pandemic began.

Commercial real estate faces a reckoning in the wake of the COVID-related shift to remote work, with $800 billion worth of office space worldwide at risk.

The Labor Department reported that inflation tumbled to 3% in June, but some parts of the country are seeing high prices dissipate faster than others.

Two back-to-back inflation reports, the producer price index and the consumer price index, show inflation is easing from peak levels giving consumers and businesses a break.

The Labor Department said the consumer price index showed that inflation cooled last month, but underlying price pressures remained stubbornly high.

A worsening housing shortage drove up the price of U.S. homes to the highest level on record, even as would-be buyers grapple with steeper mortgage rates.

The Labor Department is releasing the key June consumer price index data this week, shedding light on how quickly inflation is receding from the economy.

Total interest on the national debt is poised to become the priciest part of the federal budget, outstripping spending on Medicare and Social Security.