Federal Reserve

U.S. consumers have continued to power the economy with excessive spending, but they are racking up credit card debt and draining their savings to do so.

Gross domestic product, the broadest measure of goods and services produced across the economy, grew at a 3.3% annualized rate during the fourth quarter.

The Commerce Department's first reading of gross domestic product is expected to show the U.S. economy grew just 2% in the final three months of 2023.

A key measure of home-purchase applications up 3.7% last week as a recent increase in mortgage rates did little to cool buyer demand, according to new data.

With "massive" commercial real estate defaults ahead, two experts explain how the U.S. market has embarked on a "slow-moving train wreck" where rate cuts are the only solution.

Layoffs in the U.S. jumped 98% in 2023 as companies battled deteriorating market and economic conditions – and more job cuts could be coming this year.

Federal Reserve President of San Francisco Mary Daly on Friday warned that it would be "premature" to assume that interest rate cuts are around the corner.

The sale of previously owned homes fell in December, capping out the worst year for home sales since 1995 amid the astronomic spike in mortgage rates.

The Labor Department reported Thursday that jobless claims fell to the lowest level since mid-2022, underscoring the resilience of the U.S. labor market.

Housing starts fell in December for the first time in four months, even as a drop in mortgage rates spurred a burst of optimism in the housing market.

Bank of America CEO Brian Moynihan details the impact of the Fed's handling of inflation on Americans and why it's important for the central bank not to 'overshoot'

Confidence among homebuilders in the U.S. housing market rose in January for the second consecutive month as high mortgage rates continued to decline.

Housing inventory was low in 2023, but homeownership stayed steady at 66%. The rate could see an increase in 2024.

Inflation has fallen sharply from the highs notched in 2022, but the fight against price pressures risks stalling out in the final milestone of the battle.

The Federal Reserve is widely projected to cut interest rates this year, even after the December inflation report came in hotter than economists expected.

The total number of homes for sale on the market rose in December for the second straight month, a sign the housing shortage is finally starting to ease.

The Labor Department said Wednesday the producer price index moderated in December, a sign that price pressures in the economy are beginning to abate.

The Labor Department released the closely watched December consumer price index report Thursday, revealing just how hot inflation was running last month.

The Labor Department on Thursday will release the December consumer price index data, which is expected to show that inflation inched higher last month.

A key measure of home-purchase applications rose 9.9% in the first week of 2024, even as mortgage rates moved higher to start the new year, new data shows.