Federal Reserve

The average rate for a 30-year fixed-rate mortgage declined to 6.6% this week amid bank closure fears and interest rate speculation.

The Silicon Valley Bank crisis has spread throughout the financial sector, with First Republic Bank now exploring a potential sale after its credit downgrade by Fitch.

The collapse of Silicon Valley Bank (SVB) and Signature Bank has spread fear and uncertainty in the banking sector. But the FDIC has long offered some protection to individual depositors of insured banks. Here’s what you need to know.

The Fed began raising interest rates one year ago. Where it goes from here remains murky as it continues to confront high inflation and bank sector turmoil.

The Federal Reserve on Wednesday announced it will roll out a new FedNow Service that allows banks to process instant payments beginning in July and is looking for early adopters.

The odds that the Federal Reserve cuts interest rates in May by a quarter-percentage point jumped in the wake of multiple crises within the banking sector.

Americans amassed major savings during the height of the pandemic, but they may deplete more than half of it by the end of 2023, a Goldman Sachs estimate forecasted.

Democratic Sen. Elizabeth Warren tells FOX Business that some of Fed Chair Jerome Powell's banking policy "danger" has shown itself, and he should recuse himself.

After the FDIC seized Silicon Valley Bank, some customers knew their money was insured, others were left hanging until regulators stepped in.

After predicting a high probability of a market crash within the next 60 days, The Bear Trap Report's Larry McDonald weighs in on "the beast" that will now force Fed action.

The price producer index unexpectedly dropped in February, evidence that high inflation is beginning to ease, the Labor Department reported on Wednesday.

Inflation increased by 6.0% year-over-year in February. Although the upturn has slowed in recent months, inflation remains far from the Fed’s target rate. To slow down inflation, the Fed has raised interest rates. But economic factors and speculation in the banking sector may force the Fed to change its course, some economists believe.

Moody's has changed its outlook on the U.S. banking system from "stable" to "negative," pointing to deposit runs on multiple institutions, including Silicon Valley Bank.

President Biden and the Fed's "tricky balancing act" to fight inflation and delay a recession "just became so much more difficult" amid bank run contagion and a big budget.

Inflation rose in line with expectations in February as price pressures in the economy remain uncomfortably high, according to CPI data released Tuesday.

The consumer price index likely remained stubbornly high in February as inflation continues to inflict financial pain on millions of American households.

Wall Street is now betting the Fed will pause its interest rate hike campaign next week amid fallout from the SVB failure, sending mortgage rates tumbling.

Fallout from the Silicon Valley Bank collapse last week could affect the Federal Reserve's interest-rate hike decision at its two-day meeting next week.

Charles Schwab's chief financial officer moved to reassure investors as the stock tumbled in the wake of Silicon Valley Bank's implosion and amid possible contagion fears.

First Republic Bank and other regional banks saw steep losses on Monday after the collapse of Silicon Valley Bank raised fears about the financial system.