Federal Reserve

Mortgage rates crept up past 5% again, showing that volatility remains persistent, Freddie Mac said.

Mortgage rates jumped, crossing back above the 5% level for a 30-year fixed rate but don't expect higher costs to make housing more affordable.

The producer price index, which measures inflation at the wholesale level before it reaches consumers, remains at a multi-decade high, the Labor Department said on Thursday.

Inflation decreased annually in July and held steady on a monthly basis, according to the Bureau of Labor Statistics, leading some economists to say it may have peaked as gas prices begin to fall.

Although the historically tight labor market is fueling big wage increases for American workers, those gains are being wiped out by the highest inflation in decades.

Former Kansas City Federal Reserve President and CEO Thomas Hoenig weighed in on the latest inflation data, which revealed that the pace slowed in July for the first time in months.

Painfully high inflation persisted in July as the consumer price index hovered near a 40-year high, continuing to create financial pressure for millions of U.S. households.

U.S. consumer prices did not rise in July as the cost of gasoline plunged, delivering the first notable sign of relief for Americans. The dollar fell more than 1% on the data.

The Labor Department is releasing the closely watched consumer price index on Wednesday morning, which is expected to show that inflation slowed but remained high in July.

Active home listings climbed more than 30% in July, evidence that higher mortgage rates are starting to cool consumer demand for new houses, a new report showed.

Small business optimism rose slightly in June but is still hovering close to a historic low as owners confront rampant inflation and a persistent worker shortage.

The Federal Reserve could approve a historic full-percentage point interest rate increase at its meeting in September following the hotter-than-expected July jobs report.

Jason Katz, UBS managing director and senior portfolio manager, describes all the factors weighing on investor activity following the passage of the Democrats' social spending and taxation bill.

A New York Federal Reserve survey out on Monday showed that consumers expect inflation to decline sharply over the next year as the central bank raises interest rates.

The Democratic-controlled Senate took more than 15 hours to pass a major social spending and taxation bill after a marathon weekend 'vote-a-rama.'

The Federal Reserve may have no choice but to approve another mega-sized interest rate hike in September following the hotter-than-expected July jobs report.

MacroMavens founder Stephanie Pomboy weighed in on July employment data, arguing that the Federal Reserve using the "lagging indicator" for insight into its actions is "troubling."

The Labor Department's July employment report is expected to show that U.S. job growth cooled off last month as companies pulled back on hiring amid record-high inflation.

Mary Daly, president of the San Francisco Federal Reserve Bank, told Reuters that she doesn't feel the effects of inflation because she "has enough."

The bank has increased borrowing costs at six straight meetings of its monetary policy committee. It warned that the U.K will enter a recession later this year.