Federal Reserve

Sky-high budget deficits are outpacing the last fiscal year by almost 25% as interest costs on federal debt rise, outpacing 2021's $2.8 trillion gap.

Philadelphia Fed President Patrick Harker said that he believed the central bank could hold rates where they are if economic and financial conditions evolve as they have been.

The Federal Reserve is unlikely to raise interest rates in November, and there is a minimal chance they will do so in December, according to the Mortgage Bankers Association Chief Economist Mike Fratantoni.

A growing amount of data indicates that a gigantic economic crisis could be right around the corner. Most disturbingly, one important economic indicator that’s currently flashing hasn’t appeared since the 1930s, during the height of the Great Depression.

The Supreme Court will hear arguments in a case challenging the constitutionality of the Consumer Financial Protection Bureau's funding mechanism that could create uncertainty around the regulatory agency's future.

The Federal Reserve paused interest rates in its September meeting. But inflation remains high as Americans deal with record credit card debt. Here’s what to do.

If the unemployment rate rises slightly this month, it could mean a recession in October, according to a mathematical model that correctly signaled the 2020 recession. But economists are split about the likelihood of a recession this year. Here’s what you need to know.

Strategists with Goldman Sachs projected that the Federal Reserve wouldn't raise interest rates at its Oct. 31-Nov. 1 meeting, predicting that inflation would go down.

The U.S. economy is likely to tumble into a recession within the next year as inflation remains uncomfortably high, according to Deutsche Bank analysts.

For stocks, September is historically one of the worst months on record, followed by an equally rough October. This year, the crosscurrents are a little different for investors.

Gross domestic product (GDP) increased in Q2 2023 and signs of a strong economy could push the Fed to raise interest rates again. This could have a major impact on consumer debt.

Another week of retail earnings is slated on Wall Street, along with fresh reports on existing and new U.S. home sales as well as the Fed's Jackson Hole Symposium.

Walmart shoppers are doing just that, shopping across the board, which allowed the world's biggest retailer to raise its full-year outlook for profits and sales.

Home Depot reported second quarter earnings slightly ahead of predictions on Tuesday, despite posting a drop in sales amid slowing demand for larger item purchases and building projects.

The average 30-year fixed-rate mortgage rate was 6.81% for the week ending July 27, 2023, Freddie Mac reported. That’s an increase from last week’s 6.78% rate. The news comes following the Fed’s decision to increase interest rates again to slow inflation.

St. Louis Federal Reserve President James Bullard has stepped down to become dean of Purdue University's business school, the bank announced Thursday.

In June, inflation was down from the annual inflation rate of 4% in May, but it increased 0.2% on a monthly basis, according to the Bureau of Labor Statistics.

The economy added 209,000 jobs in June, slowing from the previous month. But despite this slowdown, the Fed could still be on track to raise interest rates yet again later this year.

PacWest Bancorp confirmed on Monday the sale of a $3.54 billion loan portfolio to asset firm Ares Management after the LA-based bank began selling real estate loans in May.

Inflation is pushing many Americans to cut back on summer vacations and leisure activities, according to a recent survey by ScoreSense. Some have also turned to personal loans to cover expenses.