Federal Reserve

A growing number of workers applied for jobless benefits last week, a sign the labor market is beginning to tighten in the face of higher interest rates.

Home prices increased by 4.7% year-over-year in Q1 2023. However, that marked a significant slowdown from annual growth in the previous quarter. Still, low home supply and high mortgage rates have raised affordability issues for potential home buyers. Here’s what you need to know.

The Federal Reserve's own staff are predicting a "mild" recession this year, but that could still mean plenty of pain for the stock and labor markets.

Home-purchase applications plummeted 8.8% last week as higher mortgage weighed on demand, according to a new survey from the Mortgage Bankers Association.

Billionaire Elon Musk told Fox News' Tucker Carlson that there's no "magical cure for getting rid of inflation" except for economic productivity to increase.

Bank of America CEO Brian Moynihan said during the bank's quarterly earnings call that a "mild" recession is likely to hit the economy later this year.

New U.S. home construction continued its downward spiral in March, even as a recent decline in mortgage rates bolstered consumer demand for new homes.

The financial impact of high inflation could last for years, as the steep price of everyday goods forced more Americans to drain their savings accounts.

Morgan Stanley strategist Michael Wilson warned in a Monday note that stock-market investors should prepare for "more negative surprises" in coming months.

Builder sentiment in the market for single-family homes climbed in April to the highest level since September as mortgage rates fall from a peak high.

Gas prices increased by nine cents to $3.64 per gallon as oil prices rise. And although gas prices have dropped year-over-year, Americans have been facing high inflation in 2023.

U.S. households pulled back on retail shopping and dining out in March as they confronted higher interest rates, according to new Commerce Department data.

A growing number of workers applied for jobless benefits last week, a sign the labor market is beginning to tighten in the face of higher interest rates.

The Labor Department said Thursday the producer price index tumbled 0.5% in March, evidence that price pressures in the economy are beginning to abate.

The Consumer Price Index (CPI), a measure of inflation, rose 5% year-over-year in March, a slowdown from the 6% increase in February.

Federal Reserve meeting minutes released Wednesday show that central bank staff expect financial sector upheaval to trigger a recession sometime this year.

Inflation fell thanks to a drop in gas prices but remained stubbornly high in March, squeezing Americans who paid more for basic necessities like rent.

Food executives and companies won't cut food prices while the cost of oil – and, therefore, transportation – is surging, John Catsimatidis said in reaction to new inflation data.

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

Inflation likely remained stubbornly high in March as price pressures continue to squeeze household budgets despite Federal Reserve interest rate hikes.