Fed Chairman Powell finds lowering rates too easy to swallow
Fed Chairman Jerome Powell made some of the right moves, but failed the delayed gratification test and signaled that he would lower rates. Why? He bowed to political pressure, of course.
Federal Reserve is giving your money away and it could destroy more than your wallet
The Federal Reserve went down a dangerous path after the 2008 financial crisis. It increased its balance sheet and made borrowing cheaper. The result is a $23 trillion spike in debt.
Fed holds interest rates higher for even longer as inflation remains high
The Federal Reserve announced it would maintain the federal funds rate at 5.25% to 5.5%, where rates have held steady since last July.
Rare $1 bills with printing error could be worth thousands: 'They're still out there'
Due to a printing error made by the U.S. Bureau of Engraving and Printing, you might have a rare dollar bill on hand that's worth thousands of dollars — check your wallets.
US first quarter GDP slows more than expected, but inflation keeps rising
Real GDP increased at an annual rate of 1.6% for the January-through-March period after rising 3.4% in the fourth quarter of 2023, according to the BEA's advance estimate released Thursday.
Biden must stop inflation denial and quit doing dumb things
Denial is almost a Biden policy when it comes to inflation. And inflation has been in the danger zone for 36 straight months and went up again in March. It's time to address it.
Gas, housing and car insurance costs soar, fueling inflation in March
Shelter, gas and car insurance costs weighed heavily on consumer expenses, contributing to over half of the monthly increase in March, according to the Consumer Price Index (CPI) released by the Bureau of Labor Statistics (BLS).
Americans tap into savings as they struggle with inflation: survey
Inflation has pushed more Americans to tap savings or borrow from friends to make ends meet, a recent HelpAdvisor survey said.
Federal Reserve slashing rates ahead of Election Day would likely just superficially boost US wallets: experts
The Federal Reserve slashing interest rates this year, which it's anticipated to do, would provide voters temporary financial relief with long-term negative effects, economist says.
Americans see inflation rising again in the long term, key NY Fed survey shows
A New York Federal Reserve survey published on Monday found that many American consumers expect inflation to remain abnormally high in the coming years.
Final fourth quarter GDP revised upwards as consumer spending rises
The final estimate for real gross domestic product (GDP) in the fourth quarter of 2023 was revised upwards, showing that the U.S. economy grew.
Fed said interest rates will be reduced this year, just not now
On Wednesday, the Federal Reserve announced that it would maintain the federal funds rate at a range of 5.25% to 5.5%.
LARRY KUDLOW: Why should the Fed get tangled up in election-year politics?
FOX Business host Larry Kudlow predicts how the Federal Reserve will move in an election year on Friday's "Kudlow."
Mortgage rates creep toward 7%, straining homebuyer affordability: Freddie Mac
The average 30-year fixed-rate mortgage was 6.9% for the week ending Feb. 22, according to Freddie Mac's latest Primary Mortgage Market Survey.
US dollar to remain world's reserve currency, Fed's Waller says
The Fed's Christopher Waller said that he expects the U.S. to remain the world's leading reserve currency given a lack of practical alternatives and the dollar's status as a safe haven.
Inflation rises higher than expected, further obscuring the timeline on the Fed's interest rate cuts
Inflation slowed from December to January, but remained above the sub-3% growth economists had expected, according to the Consumer Price Index.
These 5 cities have the largest inflation problem: survey
These cities topped the list of those with the largest inflation problem, according to a recent WalletHub survey.
Fed holds steady on interest rates, but outlook on when cuts will come remains cloudy
The Federal Reserve held the federal funds rate at a 22-year high of 5.25% to 5.5% at its January meeting on Wednesday.
Elizabeth Warren calls for Fed chair Powell to lower 'astronomical' interest rates
Sen. Elizabeth Warren and three other Democratic senators wrote to Fed Chair Jerome Powell to call for the Fed to cut interest rates this year to ease housing prices.
The Fed's Powell will have to play politics to keep his job
The Federal Reserve has always been a political entity. And Fed Chairman Jerome Powell knows if he wants to keep his job he will have to play politics this election year.