Federal Reserve

Higher mortgage rates have weighed on the U.S. housing market, which posted a $2.3 trillion decline in the second half of 2022, according to Redfin data.

GDP increased at an annual rate of 2.7% in the fourth quarter of 2022 after rising 3.2% in the third quarter, according to the second estimate from the BEA.

Federal Reserve policymakers should approve a steeper interest rate hike at their next meeting in order to get inflation under control, James Bullard said.

Minutes from the Federal Reserve's January meeting show that officials expect to continue raising rates in 2023 – and keep them elevated for "some time."

Mortgage applications tumbled more than 18% last week, the biggest monthly drop since 2015, as rates climb higher and home prices remain abnormally high.

Citigroup raised its forecast for global growth slightly to 2.2% for 2023 and expects the Fed to hike interest rates three times.

Interest rates are likely to go higher than the Fed previously forecast with inflation remaining abnormally high, according to Goldman Sachs economists.

The 10-year and 2-year U.S. Treasury yields are up on Tuesday as Wall Street traders consider the potential of additional rate hikes from the U.S. Federal Reserve.

Sales of previously owned homes fell 0.7% in January from the prior month due to higher mortgage rates, according to the National Association of Realtors.

The worlds largest retailer, Walmart, lowered its economic outlook on concerns about margins as consumers shop for bargains in a high inflationary environment.

The Fed's interest-rate hike campaign is "not getting much traction," raising the risk that the U.S. hits the brakes "very, very hard," Larry Summers said.

A surprisingly hot inflation report this week has boosted the odds the Federal Reserve raises interest rates by 50 basis points at its meeting in March.

U.S. households are racking up credit card debt as they confront relentlessly high prices for everyday necessities, the New York Federal Reserve reported Thursday.

Inflation at the wholesale level rose faster than expected in January as stubbornly high producer prices persist, the Labor Department said Thursday.

The Biden administration is reportedly looking at former Obama economic adviser Austan Goolsbee as an option to replace Lael Brainard as vice chair of the Federal Reserve.

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

Americans continued to spend at restaurants, bars and other retail stores in January even as they confronted high inflation and rising interest rates.

The Consumer Price Index (CPI), a measure of inflation, rose 6.4% year-over-year in January, a slight slowdown from the 6.5% increase in December.

President Biden is appointing two top economic advisors for his administration on Tuesday amid economic uncertainty and high rates of inflation in January.

The Federal Reserve will likely continue to keep raising interest rates to get a firmer grip on inflation, Federal Reserve Governor Michelle Bowman said Monday.