Federal Reserve

Federal Reserve Chairman Jerome Powell conceded on Wednesday that the chances of avoiding a recession have diminished as the central bank raises interest rates.

The Federal Reserve enacted its third consecutive 75-basis-point interest rate hike as it attempts to cool inflation without triggering an economic recession.

The Federal Reserve is widely expected to impose another mega-sized rate hike this week, driving up the cost of mortgages, credit cards and car loans.

As the Federal Reserve prepares to announce another interest rate hike, the central banks of several other countries are mulling increases of their own.

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

Homebuyers went into high gear in the past week in anticipation of the Fed raising interest rates, boosting demand for mortgages. Overall demand climbed 3.8% from a week ago.

The Federal Reserve will issue its latest interest rate decision following the latest policy meeting this afternoon with another big hike expected.

The Federal Reserve is likely to approve the third straight 75-basis-point interest rate hike on Wednesday as it further intensifies its war on inflation.

As the Federal Reserve raises interest rates to fight inflation, the federal government's borrowing costs on its nearly $31 trillion in debt are expected to skyrocket.

Rising interest rates and expensive building supplies are starting to cool the housing market, but construction of new U.S. homes unexpectedly climbed in August.

Goldman Sachs economists say the US central bank will raise interest rates four more times between now and 2023, keeping rates high until 2024. The two-day FOMC meeting starts Tuesday.

Goldman Sachs economists see the Federal Reserve raising interest rates until 2023 to a range of 4.25% to 4.50% and then holding there for a year as they fight inflation.

Larry Summers has said the Federal Reserve has to remain "firm and resolute with respect to inflation." The former Treasury Secretary believes the central bank should continue to raise interest rates.

Former Reagan economist Art Laffer discusses the Fed's attempt to control inflation as the U.S. faces mounting economic challenges ahead of the 2022 midterms

Builder sentiment in the market for single-family homes tumbled in September to the lowest level in two years, indicating the housing market is officially in a recession.

Skyrocketing costs have caused 'Disney World enthusiasts' to say the Florida theme park has 'lost it's magic.' Corporations are showing signs of a dire outlook for the U.S. economy.

FOX Business takes a look at the upcoming events likely to move financial markets in the coming days, including the Fed's latest decision on interest rates.

Goldman Sachs is cutting its forecast for U.S. Growth Domestic Product in 2023 to 1.1% from 1.5% as monetary policy tightens.

In an atmosphere that features crazy market swings and rising interest rates, investors are looking to cash for safety.

Ray Dalio, the founder of Bridgewater Associates, said in a post this week that interest rates will need to rise substantially in order to fight inflation.