Fed's Powell says officials won't wait until inflation reaches 2% to cut rates
Federal Reserve Chair Jerome Powell said Monday that policymakers will not wait until inflation falls to 2% before they pivot to cutting interest rates.
Fed's Powell condemns Trump assassination attempt: A 'sad day for our country'
Federal Reserve Chair Jerome Powell said the attempted assassination of former President Donald Trump over the weekend was a "sad day" for the country.
Inflation unexpectedly falls to 3% in June
The Labor Department on Thursday released the closely watched June consumer price index report, revealing just how hot inflation was running last month.
Mortgage refinance falls again, despite homeowners sitting on $17T in equity
New data published by the Mortgage Bankers Association shows that U.S. homeowners are reluctant to refinance with mortgage rates still hovering around 7%.
Companies are going bankrupt at the fastest pace since 2020: A 'historic surge'
New figures published by S&P Global Intelligence show that 75 companies filed for bankruptcy in June, the highest number recorded in one month since 2020.
Real estate tycoon explains when house prices will start to drop and 'open the floodgates'
Rising home supply and anticipated lower mortgage rates to come will "open the floodgates" for a real estate market "boom," says RE/MAX's chairman and co-founder.
Inflation expected to slow again in June, but high prices are still crushing Americans
The Labor Department will release the closely watched June consumer price index report Thursday, which is expected to show prices rose 3.1% last month.
Fed's Powell says more 'good' inflation data would bolster the case for rate cuts
Federal Reserve Chair Jerome Powell said Tuesday while testifying on Capitol Hill that recent inflation readings have shown "modest further" progress.
Labor market nearing pre-pandemic conditions, Fed report says
The Federal Reserve said in a report to Congress that the U.S. jobs market is back in a "tight but not overheated" situation that it was in prior to the onset of the COVID pandemic.
Jobs report: One-third of the 206K adds in June were in government
The June jobs report came in at 206,000, higher than expected, though it also showed that nearly a third of those jobs were in government, while April and May reports were revised down.
U.S. economy adds 206,000 jobs; April, May revised down
U.S. employers continued to hire workers at a solid pace according to the June jobs report even as readings from April and May were revised lower, a sign that could please the Federal Reserve.
Fed's Powell: Prices are ‘back on disinflationary path,’ but more confidence is needed
Federal Reserve Chair Jerome Powell said Tuesday during a central bank forum in Portugal that recent inflation readings show "quite a bit of progress."
Inflation measure closely watched by the Fed rises 2.6% in May
The Commerce Department released an inflation gauge that is closely monitored by the Federal Reserve, providing a look at price pressures within the economy.
Fed's Bowman sees no interest rate cuts this year
Federal Reserve Governor Michelle Bowman said Tuesday that it is premature to lower interest rates until there is more evidence that inflation is cooling.
US home prices smashed another record high in April
U.S. home prices continued to soar higher April, according to data published Tuesday, as would-be homebuyers compete for a scarce number of homes for sale.
How the US national debt is keeping mortgage rates elevated
The Federal Reserve has signaled that it could cut interest rates this year, but mortgage rates could remain elevated due to the mounting national debt.
An ETF to play gold, silver, copper and everything in between
Precious metals are leading big gains for commodities this year, and some think the runway for both hard and soft assets could be the place to be until inflation cools off.
US home prices just smashed another record high as affordability crisis deepens
Buying a house just became more expensive for Americans, even as mortgage rates dropped to the lowest level in three months, according to a Redfin report.
Wholesale inflation cools more than expected in May
The Labor Department on Thursday released the closely watched producer price index, revealing that wholesale inflation cooled more than expected in May.
What sky-high borrowing costs mean for you and your money
The Federal Reserve signaled that it will keep interest rates higher for longer amid stubborn inflation, keeping borrowing costs elevated for Americans.