Federal Reserve

The U.S. housing market could take years to recover from the recent spike in mortgage rates, with property prices expected to fall at least 2.4% next year.

About half of Americans said income is not keeping up with inflation, a TransUnion survey reported. Plus, debt has reached record levels and the Fed may raise interest rates amid slowing, but high inflation.

Goldman Sachs economists lowered their probability of a U.S. recession within the next 12 months to just 20%, citing better-than-expected economic data.

Credit card debt is rising and while American consumers' spending shows confidence in their finances, high credit card interest rates loom as a threat if the economy slow.

U.S. home prices could still drop this year, according to a Pantheon economist, contrasting a narrative the housing market has recovered from higher mortgage rates.

The average 30-year fixed rate mortgage rate increased to 6.96% for the week ending July 13, Freddie Mac reported.

The Philadelphia Federal Reserve is crediting pop star Taylor Swift's Eras Tour for a rise in hotel bookings for the first time since the coronavirus pandemic began.

Commercial real estate faces a reckoning in the wake of the COVID-related shift to remote work, with $800 billion worth of office space worldwide at risk.

The Labor Department reported that inflation tumbled to 3% in June, but some parts of the country are seeing high prices dissipate faster than others.

Two back-to-back inflation reports, the producer price index and the consumer price index, show inflation is easing from peak levels giving consumers and businesses a break.

The Labor Department said the consumer price index showed that inflation cooled last month, but underlying price pressures remained stubbornly high.

A worsening housing shortage drove up the price of U.S. homes to the highest level on record, even as would-be buyers grapple with steeper mortgage rates.

The Labor Department is releasing the key June consumer price index data this week, shedding light on how quickly inflation is receding from the economy.

Total interest on the national debt is poised to become the priciest part of the federal budget, outstripping spending on Medicare and Social Security.

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.

Home price growth increased by 2% in April, CoreLogic’s latest data showed. That’s the lowest annual increase since March 2012. But low inventory and volatile interest rates may put pressure on potential homebuyers.

There may be green shoots for stock and bond investors as more money is coming off the sidelines with the second half of the year underway despite the overhang of potentially two more rate hikes.

The June jobs report is one of several key data points officials will debate when they meet at the end of the month to decide whether another rate hike is warranted.

U.S. housing and "interest rate-sensitive" markets are at risk of a "fallout" as the Federal Reserve continues an aggressive rate hike campaign, David Tawil says.

The Labor Department's June jobs report is expected to show that the U.S. economy added 225,000 jobs last month despite aggressive interest rate hikes.