Federal Reserve

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.

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 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.

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.

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.

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.

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.

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 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.

The Federal Reserve meeting minutes from June indicate that a majority of the central bank policymakers support additional interest rate hikes this year.

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.

Home equity decreased annually for the first time since 2012, CoreLogic reported. But homeowners' home equity levels remained strong and increased by quarter.