US economic growth revised up to 5.2% in third quarter
The revised GDP report shows the U.S. economy grew faster than previously believed in the third quarter, despite high inflation and steep interest rates.
Fed governors divided over further interest rate hikes to tame inflation
Federal Reserve governors Michelle Bowman and Christopher Waller delivered speeches on the state of the economy that showed divisions in the FOMC over the need for more rate hikes.
Bank of America, Deutsch Bank predict interest rate cuts in 2024
Bank of America and Deutsch Bank both released outlooks predicting the Federal Reserve will cut interest rates next year. The latter says the U.S. will enter a "mild recession."
Money Lessons from 2023
It's been a turbulent year for investors and for everyday savers. FOX Business takes a look a money lessons learned in 2023 and how to prepare for 2024.
US consumer sentiment drops again on inflation fears
Inflation may be cooling, but American consumers have growing concerns that price hikes will accelerate again, according to the University of Michigan's latest consumer sentiment survey.
Existing home sales plummet to lowest level in 13 years as prices rise
The sale of previously owned homes fell again in October as high mortgage rates and a worsening supply shortage left would-be buyers with limited options.
Homebuilder sentiment unexpectedly plummets to lowest level this year
Confidence among builders in the U.S. housing market plunged to the lowest level since January 2023 as stubbornly high mortgage rates weighed on demand.
Mortgage demand surges to 5-week high after recent drop in mortgage rates
Home-purchase applications increased to the highest level in five weeks thanks to a recent drop in mortgage rates, which helped to boost consumer demand.
Federal Reserve walking 'very fine line' as recession threatens US economy, former fed official says
Former Kansas City Federal Reserve Bank President and CEO Thomas Hoenig discusses a potential recession and the Fed's monetary policies.
Wholesale inflation unexpectedly tumbles 0.5% in October, biggest drop in 3 years
The Labor Department said Wednesday the producer price index tumbled 0.5% in October, evidence that price pressures in the economy are beginning to abate.
Dow, S&P, Nasdaq soar as investors bet Fed is finished
Investors snapped up U.S. stocks in a broad rally after the latest inflation data signaled the Federal Reserve may be close or even done with hiking interest rates.
October inflation breakdown: Where are prices still rising the fastest?
Inflation cooled more than expected in October, but prices for many necessities like food and rent remained high last month, Labor Department data shows.
Inflation rises 3.2% in October, less than expected
The Labor Department released the closely-watched October consumer price index report on Tuesday, revealing just how hot inflation was running last month.
Homebuying to remain slow through 2023: agent survey
High mortgage rates and home prices may keep homebuyers on the sidelines through 2023, a survey found. But you can still find the best mortgage rate by comparing your options.
Inflation may be easing but consumer prices remain high
The latest CPI data is expected to show that prices are continuing to ease but remain higher than they were pre-pandemic and still above the Federal Reserve's 2% target level.
Fed's Powell warns of inflation 'head fakes,' signals more rate hikes are possible
Federal Reserve Chair Jerome Powell said Thursday that despite recent declines, inflation still remains too high for the central bank to declare victory.
Fed Chair Powell rushed off stage after climate protesters interrupt speech
Climate protesters interrupted a speech by Federal Reserve Chairman Jerome Powell on Thursday, causing the central bank chief to be briefly escorted off the stage.
Goldman Sachs issues memo to 2024 campaigns warning of under-the-radar regulation harming small businesses
FIRST ON FOX: A Goldman Sachs small business initiative is calling on 2024 political candidates to oppose efforts to restrict small business owners' access to capital.
US housing inventory remains painfully low as shortage persists
The total number of homes for sale on the market tumbled in October for the fourth straight month, a sign the housing shortage is continuing to deepen.
Mortgage demand stirs back to life as interest rates plummet
Home-purchase applications increased for the first time in a month as mortgage rates posted a sharp decline, boosting demand among would-be homebuyers.