Federal Reserve

GDP increased in the third quarter of 2022 following two consecutive decreases, but some experts have said it's not likely to last.

The U.S. economy grew in the third quarter, but the turnaround is largely due to a narrowing trade deficit, which does little to dispel fears of a recession.

The GDP report out Thursday morning is likely to show that economic growth rebounded in the third quarter, but economists are still bracing for a recession.

The housing market could slow even further this year, according to one economist, who expects prices to tumble 20% as mortgage rates crush consumer demand.

JPMorgan CEO Jamie Dimon and Goldman Sachs CEO David Solomon revived their warnings about the U.S. economy during Saudi Arabia's investment conference in Riyadh.

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.

Deutsche Bank strategists warned this week that more than 4 million Americans could lose their jobs as a result of the Federal Reserve's war on inflation.

Mortgage rates that have doubled over the past year are sapping demand from the housing market, which saw price growth decelerate at the fastest pace on record in August.

The Federal Reserve may have no choice but to trigger a recession in order to get inflation under control, according to JPMorgan President Daniel Pinto.

A new survey shows that a majority of economists either think the U.S. economy has entered a recession, or will next year as the Federal Reserve raises rates.

Painfully high inflation is forcing more Americans to consider working multiple jobs as the cost of basic necessities like food and rent surges higher.

The Federal Reserve's September meeting minutes revealed that it's prepared to continue raising interest rates in the coming months but has its eye on the state of the current economy.

Tesla CEO Elon Musk said Wednesday the Fed is "looking in the rearview mirror" with its interest rate hikes as the economy is in the midst of "deflation."

Philadelphia Federal Reserve Bank president Patrick Harker said that high inflation in the U.S. was caused by several factors including U.S. policy decisions.

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

Applications for unemployment insurance fell again last week, indicating that employers are still avoiding layoffs despite rapidly rising interest rates.

A U.S. recession is almost certain in the next 12 months, according to a new analytical model, a blow to President Biden ahead of the midterm elections.

The U.S. economy could be headed for a recession, according to Amazon founder Jeff Bezos, who warned on Tuesday that it's time to "batten down the hatches."

Rising interest rates are starting to cool the housing market, with new U.S. home construction plunging in September after unexpectedly rising the previous month.

As elevated inflation persists, Federal Reserve officials are likely to approve another 75 basis point interest rate hike as they try to cool the U.S. economy.