Americans expect high inflation to stick around in latest New York Fed survey
A New York Federal Reserve survey released Monday shows consumers are bracing for inflation to remain above the central bank's 2% target in the long term.
Home price growth dips to lowest levels since 2012: CoreLogic
Home price growth increased by 2% in April, CoreLogic’s latest data showed. That’s the lowest annual increase since March 2012. But low inventory and volatile interest rates may put pressure on potential homebuyers.
ETFs revived with $69B boost in June, best since October
There may be green shoots for stock and bond investors as more money is coming off the sidelines with the second half of the year underway despite the overhang of potentially two more rate hikes.
US economy adds 209K jobs in June, lighter than estimates
The June jobs report is one of several key data points officials will debate when they meet at the end of the month to decide whether another rate hike is warranted.
Market expert warns Fed will ‘crush’ US housing in ‘decade-long fallout’ from rate hikes
U.S. housing and "interest rate-sensitive" markets are at risk of a "fallout" as the Federal Reserve continues an aggressive rate hike campaign, David Tawil says.
June jobs report likely to point to resilient labor market
The Labor Department's June jobs report is expected to show that the U.S. economy added 225,000 jobs last month despite aggressive interest rate hikes.
Americans' 'excess' pandemic savings now depleted, Fed research finds
The U.S. government's response to the COVID-19 pandemic unleashed massive amounts of fiscal stimulus which built up as excess savings that were only depleted in early 2023.
Housing affordability plummets to lowest level since 2007 as prices jump
Housing affordability in the U.S. has plummeted to the lowest level since 2007 as mortgage rates and home prices soar higher, according to a new report.
Fed officials signal more rate hikes to come, meeting minutes show
The Federal Reserve meeting minutes from June indicate that a majority of the central bank policymakers support additional interest rate hikes this year.
Fed meeting minutes to shed light on future interest rate hike path
The Federal Reserve is releasing the minutes from its June meeting on Wednesday, offering a look at where officials see interest rates headed this year.
Average American homeowner lost more than $5K in home equity: CoreLogic
Home equity decreased annually for the first time since 2012, CoreLogic reported. But homeowners' home equity levels remained strong and increased by quarter.
US stock market faces more challenges in second half of 2023, UBS warns
UBS analysts warned the U.S. stock market faces a "lackluster" second half of 2023 amid ongoing risks from chronic inflation and higher interest rates.
Recession expected by end of 2023: Fannie Mae
A recession is likely in 2023, Fannie Mae forecasted. And the Fed may continue to raise interest rates after its June pause, despite projections that inflation will continue to cool.
GDP increased in Q1 2023, but experts forecast recession
In Q1 2023, real gross domestic product (GDP) increased 2% annually, but some experts forecast recession by the end of the year. Still, many Americans say they have a plan to weather a financial crisis.
Harvard economist explains 'Bidenomics' after president touts economy in speech: ‘People aren’t happy’
If there are any benefits of "Bidenomics," Harvard economist Kenneth Rogoff says "they're not coming for a long time" as Americans will stay "stuck" with inflation.
US banks shrug off turmoil to ace Fed's annual health checks
Among the top performers were Charles Schwab Corp. and Deutsche Bank's U.S. operations, while regional lenders Citizens Financial Corp. and US Bancorp were the laggards of the pack.
Big US banks to face Fed's annual stress tests this week
The Federal Reserve will release the results of this year's banking "stress tests" on Wednesday, helping assess the stability of financial instutions.
Bitcoin faithful embrace $31,000 level, new high
Bitcoin and cryptos got some love this week from a few of the financial world's biggest players, giving digital assets fresh tailwinds even amid a tougher regulatory overhang.
Mortgage rates dip amid market rate volatility: Freddie Mac
The average rate for a 30-year fixed-rate mortgage dropped to 6.67% for the week ending June 22, Freddie Mac reported. But low housing inventory and interest rate volatility has put pressure on housing affordability.
Powell to face Capitol Hill questions on economy and interest rate plans
Fed chair Jerome Powell heads to Capitol Hill on Wednesday to begin two days of testimony on the economy and plans concerning interest rates.


















