Federal Reserve

Larry Summers on Monday offered his 'best guess' of how high the Federal Reserve will hike interest rates and said there could potentially be a recession.

Federal Reserve Chair Jerome Powell fired back at Sen. Elizabeth Warren in a tense exchange Tuesday over the potential impact of the central bank's interest rate hikes.

A Fannie Mae survey shows that Americans are increasingly pessimistic about their financial prospects amid rising interest rates and stubborn inflation.

The Fed may need to raise interest rates more than previously expected amid signs that inflationary pressures in the economy remain abnormally strong.

The Fed said in its semi-annual monetary report to Congress that additional interest rate hikes are necessary with inflation remaining abnormally high.

Inflation and a slowdown in international demand threaten US manufacturing base. A looming recession and weaker manufacturing data has experts worried.

JPMorgan Chase CEO Jamie Dimon warned on Monday that the war in Ukraine, and what it means for U.S. relations with China, are the top economic concerns.

Goldman Sachs analysts warned in an analyst note that housing prices could drop by double-digits in four major U.S. cities that became pandemic boom towns.

Americans' ability to buy a house is at the lowest level since 2006 because of high mortgage rates and steep home prices, according to Atlanta Fed data.

The Fed said in its semi-annual monetary report to Congress that additional interest rate hikes are necessary with inflation remaining abnormally high.

The stock market likely faces more losses in March as the Federal Reserve holds interest rates at an elevated level, according to Morgan Stanley analysts.

Dallas Federal Reserve economists warned this week that the U.S. housing market could face a steep drop in prices as the result of higher mortgage rates.

Recent drops in mortgage rates and other factors have shown evidence of a housing market recovery into 2023, according by Redfin. Here’s how you can compare mortgage offers and find the rate that’s right for you.

The U.S. economy will likely tumble into a recession this year as a result of the Fed's aggressive war against high inflation, according to new research.

Gas prices decreased this week. But several factors ranging from the Federal Reserve’s actions to lower inflation and the war between Russia and Ukraine could push prices higher in the coming weeks.

Inflation remains uncomfortably rapid, although it has cooled slightly from a peak notched in mid-2022, according to the PCE index released Friday.

Office of the Comptroller of the Currency joined the Federal Reserve and Federal Deposit Insurance Corp. in issuing the joint warning about crypto's risks.

Higher mortgage rates have weighed on the U.S. housing market, which posted a $2.3 trillion decline in the second half of 2022, according to Redfin data.

GDP increased at an annual rate of 2.7% in the fourth quarter of 2022 after rising 3.2% in the third quarter, according to the second estimate from the BEA.

Federal Reserve policymakers should approve a steeper interest rate hike at their next meeting in order to get inflation under control, James Bullard said.