Federal Reserve

The U.S. government's response to the COVID-19 pandemic unleashed massive amounts of fiscal stimulus which built up as excess savings that were only depleted in early 2023.

Housing affordability in the U.S. has plummeted to the lowest level since 2007 as mortgage rates and home prices soar higher, according to a new report.

The Federal Reserve meeting minutes from June indicate that a majority of the central bank policymakers support additional interest rate hikes this year.

The Federal Reserve is releasing the minutes from its June meeting on Wednesday, offering a look at where officials see interest rates headed this year.

Home equity decreased annually for the first time since 2012, CoreLogic reported. But homeowners' home equity levels remained strong and increased by quarter.

UBS analysts warned the U.S. stock market faces a "lackluster" second half of 2023 amid ongoing risks from chronic inflation and higher interest rates.

A recession is likely in 2023, Fannie Mae forecasted. And the Fed may continue to raise interest rates after its June pause, despite projections that inflation will continue to cool.

In Q1 2023, real gross domestic product (GDP) increased 2% annually, but some experts forecast recession by the end of the year. Still, many Americans say they have a plan to weather a financial crisis.

If there are any benefits of "Bidenomics," Harvard economist Kenneth Rogoff says "they're not coming for a long time" as Americans will stay "stuck" with inflation.

Among the top performers were Charles Schwab Corp. and Deutsche Bank's U.S. operations, while regional lenders Citizens Financial Corp. and US Bancorp were the laggards of the pack.

The Federal Reserve will release the results of this year's banking "stress tests" on Wednesday, helping assess the stability of financial instutions.

Bitcoin and cryptos got some love this week from a few of the financial world's biggest players, giving digital assets fresh tailwinds even amid a tougher regulatory overhang.

The average rate for a 30-year fixed-rate mortgage dropped to 6.67% for the week ending June 22, Freddie Mac reported. But low housing inventory and interest rate volatility has put pressure on housing affordability.

Fed chair Jerome Powell heads to Capitol Hill on Wednesday to begin two days of testimony on the economy and plans concerning interest rates.

Federal Reserve Vice Chair for Supervision Michael Barr said Tuesday that the central bank is looking to be more agile in regulating banks before and during financial crises.

The Federal Reserve warned in its semi-annual monetary report to Congress that tightening credit conditions could weigh on the U.S. economy this year.

Two Federal Reserve officials suggested Friday that interest rates may need to go higher amid signs of underlying inflationary pressures in the economy.

Bank of America analysts said the stock market has a lot in common with the run-up to recent collapses in 2000 and 2008 and faces further losses this year.

FOX Business' Stuart Varney warned of the potential damage Biden tax hikes and more Federal Reserve interest rate increases could do to the U.S. economy.

While investors are optimistic the Federal Reserve will pause interest rates this month, the move is unlikely to bring relief to stretched consumers holding credit card debt and variable rate loans.