Federal Reserve

The Federal Reserve said that reaching its target inflation rate of 2% is more important than the pace of rate hikes, signaling that it may begin to slow the pace of future interest rate increases.

Private companies hired just 127,000 workers in November amid growing concerns that the Federal Reserve will trigger a recession with its war on inflation.

Wednesday will have several events that will move markets including a speech by Fed Chairman Jerome Powell, plus the latest update on quarterly growth.

Bank of America analysts said this week the S&P 500 could plunge as much as 24% next year as a result of the Federal Reserve's quantitative tightening.

Mortgage rates that have doubled over the past year are sapping demand from the housing market, which saw prices decline for the third month in September.

New York Federal Reserve President John Williams expects inflation to remain elevated in 2024, signaling that interest rates may remain high for "some time."

Stagflation is the consensus view for the global economy and stock market in 2023, according to a majority of fund managers surveyed by Bank of America.

This week will see Cyber Monday as well as retailers earnings reports. It will also see Fed discussions as the country continues to worry about inflation.

Fed policymakers could soon decrease the size of their interest rate hikes as they consider the lags of monetary policy and its effect on the economy.

Mortgage rates have more than doubled over the past year, pushing many prospective homebuyers out of the market, even as home prices remain near a record-high.

New applications for unemployment benefits increased last week, evidence the tight labor market is starting to loosen as the Fed raises interest rates.

U.S. consumers looking to buy a new home are facing the worst conditions in a generation as the Federal Reserve rapidly raises interest rates to fight inflation.

A new Redfin report showed that investor home purchases plunged in the third quarter of the year as higher mortgage rates rapidly slow the housing market.

Events to watch heading into Tuesday include 3Q earnings reports by retailers, Wednesday's Federal Reserve minutes release and a possible rail strike update.

Inflation and an uncertain economy have caused some Americans to skip Thanksgiving dinner this year, a recent survey said.

Goldman Sachs strategists on Monday said that the bear market is not over yet, and it could last through 2023 until the Fed stops hiking interest rates.

The Conference Board's Leading Economic Indicators index fell for the eighth consecutive month, signaling that a recession is looming on the horizon in the U.S.

Fed policymakers need to thread the needle as they try to deflate the housing bubble without bursting it, the Dallas Fed said in a research paper this week.

Sales of previously owned houses fell in October for the ninth consecutive month as rising interest rates pushed potential homebuyers out of the market.

Orange Beach, a city on Alabama's Gulf Coast, was exactly where one couple wanted to be — and they looked for their "American Dream Home" with the help of host Cheryl Casone of Fox Business.