US national debt tops $34T: How much debt is too much debt?
The U.S. national debt surpassing $34 trillion this month for the first time in history, which raises new questions about how large a debt burden the U.S. economy can tolerate.
US economy starting to look 'more like the 1970s,' JPMorgan Chase's Jamie Dimon says
JPMorgan Chase CEO Jamie Dimon expresses concerns over whether Americans are ready for a 70s stagflation state with high inflation and zero economic growth.
Americans' inflation expectations drop to lowest level in 3 years, NY Fed survey shows
A New York Federal Reserve survey released Monday shows consumers are bracing for inflation to remain above the central bank's 2% target in the long term.
December jobs breakdown: Which industries hired the most workers last month?
Job growth picked up in December thanks to strong hiring in health care and the government, but payroll creation slowed in other parts of the economy.
US economy adds 216K jobs in December, beating expectations
The December jobs report released Friday provided a key look at the labor market's health as it continues to confront high interest rates and inflation.
December jobs report may show 'cooling trend' in the labor market
The December jobs report, due Friday morning, is expected to show the labor market is continuing to moderate due to higher interest rates and inflation.
Private sector job growth rises more than expected in December: ADP
Hiring by private U.S. companies rose more than forecast in December, a sign that the labor market remains resilient in the face of higher interest rates.
Fed meeting minutes indicate interest rate cuts could be coming in 2024
Federal Reserve meeting minutes released Wednesday indicate that central bank officials think interest rates are at their peak in this tightening cycle.
Job openings fall in November to fresh 2-year low
The number of available jobs in the U.S. continued to fall in November to 8.79 million, a sign the labor market is cooling amid higher interest rates.
S&P 500 ends 2023 just shy of record, ushering in 2024 election year
The S&P 500 and Dow Jones Industrial Average are riding into 2024 with fresh highs and optimism that stocks can keep climbing into the new year.
Will the Federal Reserve cut interest rates in 2024?
At its final meeting of the year, the Federal Reserve hinted that its inflation fight is at an end — and that interest rate cuts are on the way in 2024.
Fed's favorite inflation gauge cooled more than expected in November
An inflation measure that is closely watched by the Federal Reserve moderated in November, evidence that higher consumer prices are continuing to cool.
Housing affordability plummeted to lowest level on record in 2023
Housing affordability fell in 2023 to the lowest level on record as a result of an inventory shortage, a steep rise in mortgage rates and high home prices.
Baby boomers are becoming wealthier, while younger generations lag behind, Fed report finds
The baby boomer generation owns 72% of America's wealth, Q3 data shows, mostly thanks to strong stock investment rewards and rising valuation in home ownership.
Existing home sales rebound from 13-year low amid cooling mortgage rates
The sale of previously owned homes rose in November for the first time in five months as falling mortgage rates helped to attract potential homebuyers.
Housing starts unexpectedly surge in November as mortgage rates fall
Housing starts surged in November to the highest level in six months as high mortgage rate began to fall, luring would-be homebuyers back into the market.
Billionaire reveals the biggest mistake investors make
Carlyle Group co-chairman and co-founder David Rubenstein discusses investors' 'biggest mistakes' and predicts the Federal Reserve's interest rate cut
Dow closes above 37,000 for first time ever as Powell hints at rate cuts
The Dow Jones Industrial Average roared to a new all-time high, surpassing 37,000 after Federal Reserve Chairman Jerome Powell said policymakers have nearly licked inflation.
Top Fed official calls talks of March interest rate cut 'premature'
New York Federal Reserve President John Williams said Friday that the U.S. central bank is not "really talking about" cutting interest rates right now.
Fed could cut interest rates 'earlier and faster' than expected, Goldman says
Goldman Sachs raised its expectation for when the Federal Reserve will begin trimming interest rates after Chair Jerome Powell's dovish pivot on Wednesday.