Federal Reserve

The Labor Department on Thursday released new data about unemployment claims amid heightened concerns that the U.S. economy is headed for a recession.

A survey published by the Mortgage Bankers Association found that interest rates dropped to a one-year low, spurring a surge in home-purchase applications.

Rep. Ritchie Torres, D-N.Y., is urging Federal Reserve Chair Jerome Powell to act swiftly on slashing interest rates or risk economic calamity.

New York Federal Reserve data released Tuesday shows household debt hit a fresh record in the first quarter of 2024 amid an uptick in credit card balances.

A growing number of investors are betting that the Federal Reserve will make a super-sized interest rate cut when policymakers next meet in mid-September.

Stock market analyst and author Robert Prechter says he believes the Federal Reserve will implement a rare emergency rate cut before its September meeting.

Chicago Federal Reserve President Austan Goolsbee said on Monday that central bank policymakers will "fix" the U.S. economy if it starts to deteriorate.

Goldman Sachs economists upped the probability of the U.S. economy entering a recession in the next year to 25%, though they noted they still see "recession risk as limited."

Billionaire entrepreneur Elon Musk said the Federal Reserve has been "foolish" for not cutting interest rates as the central bank eyes a potential cut in September.

U.S. stocks tumbled as recession fears spooked investors following a series of weak economic reports this week, including the July jobs report released Friday.

The July jobs report triggered the "Sahm rule," which is closely monitored by Wall Street, because it has been a historically accurate recession indicator.

The July jobs report released Friday provided a look at the labor market's health as the economy continues to confront high interest rates and inflation.

The Federal Reserve signaled that a September rate cut is on the table, but would-be homebuyers are likely to continue facing mortgage rates above 6%.

Federal Reserve policymakers on Wednesday voted to hold interest rates steady, keeping borrowing costs elevated for millions of households and businesses.

The Federal Reserve is widely expected to cut interest rates this year, which could provide some reprieve for Americans crushed by steep borrowing costs.

The Federal Reserve's favorite measure of tracking inflation rose 0.1% in June as American families continue to grapple with elevated consumer prices.

Gross domestic product, the broadest measure of goods and services produced across the economy, grew at a 2.8% annualized rate during the second quarter.

Sen. Lummis plans to make the announcement at the annual Bitcoin Conference in Nashville, Tennessee. Republican presidential candidate Donald Trump is scheduled to speak at the event.

Former President Donald Trump said in an interview with Bloomberg that he would allow Jerome Powell to finish his term as chair of the Federal Reserve.

Investors are shifting their love from the tech-heavy Nasdaq Composite into small caps and the Dow 30 as the election picks up steam and the Federal Reserve moves closer to cutting interest rates.