Is the US economy headed for a recession in 2023? Majority of economists say yes
The Federal Reserve is likely to tip the U.S. economy into a recession with its aggressive interest rate hike campaign, according to a survey of economists.
Existing home sales tumble 7.7% in November, 10th straight month of declines
Sales of previously owned houses fell in November for the 10th consecutive month as rising interest rates pushed potential homebuyers out of the market.
Housing starts fall in November for third straight month as higher mortgage rates sting
Rising interest rates and stubbornly high prices are starting to cool the housing market, with new home construction in the U.S. falling again in November.
Bear market likely to last in 2023 as Fed raises interest rates higher
The Federal Reserve is likely to trigger a recession in 2023, further rattling the U.S. stock market and sending equities lower, according to one analyst.
Will a Santa Claus Rally come to Wall Street this year?
A Santa Claus Rally is in doubt after the U.S. Federal Reserve decided to raise interest rates and economic recession looms.
Larry Kudlow: Senate GOP support of the omnibus spending bill is a betrayal of House Republicans
FOX Business host Larry Kudlow calls out Senate Republicans for supporting the omnibus spending bill, which might affect high inflation and deepen a recession, on 'Kudlow.'
Larry Kudlow: The omnibus spending bill is 'antithetical to economic prosperity'
Larry Kudlow calls out Federal Reserve chair Powell for not calling on Congress to stop federal spending and blasts GOP leaders for working with Dems on the omnibus spending bill on 'Kudlow.'
Fed raises interest rates 50 basis points, citing improved economic indicators
The Federal Reserve announced a 50 basis point interest rate increase on Wednesday and said it expected future rate increases.
Federal Reserve interest rate hike draws mixed reactions: Fed committed to a 'high unemployment recession'
Federal Reserve Chairman Jerome Powell's announcement that the U.S. central bank is raising interest rates by 50 basis points was met with mixed reaction across the political spectrum.
Larry Kudlow: Save America and kill the omnibus spending bill
FOX Business host Larry Kudlow analyzes the Federal Reserve's announcement on the economy and urges Republican senators to vote "no" on the omnibus spending bill on 'Kudlow.'
November inflation rises at the slowest rate this year, beating expectations
Inflation rose 7.1% year-over-year in November, a slowdown from the 7.7% increase in October. Here's what this means for the economy and future interest rate hikes.
Fed slows interest rate increases with 50-basis-point hike, but signals more to come
The Federal Reserve enacted its seventh consecutive interest rate hike this year as it attempts to cool inflation without triggering an economic recession.
Fed likely to slow interest rate hikes at final meeting of the year
High inflation will likely keep the Fed on track to continue raising interest rates well into 2023 as policymakers try to crush stubbornly high prices.
Larry Kudlow: Bankman-Fried's company was a 'family criminal enterprise'
FOX Business host Larry Kudlow breaks down the arrest and charges against founder of FTX Sam Bankman-Fried and inflation on 'Kudlow.'
November inflation breakdown: Where are prices rising the fastest?
Inflation continued to hover near a 40-year high last month, squeezing Americans in the form of higher prices for basic necessities like groceries and rent.
As US home prices decline, number of buyers with underwater mortgages swells
A number of consumers who took out a home mortgage this year are now underwater as rapidly rising mortgage rates drain demand from the housing market.
After November CPI report, ex-Treasury economist warns of major 'shock' to US economy
A market expert panel weighs in on November's Consumer Price Index coming in cooler than expected, and warned the Federal Reserve is looking in the rearview mirror.
Inflation eases more than expected in November to 7.1%, but consumer prices remain elevated
The Labor Department released the latest inflation data set on Tuesday, revealing just how hot consumer prices ran in November as the Fed tries to tame high prices.
November inflation report likely to show prices moderated but remain painfully high
The consumer price index likely surged again in November as inflation remains near a 40-year high, continuing to inflict financial pain on millions of Americans.
Credit card balances hit record high amid inflation: TransUnion
Inflation and an uncertain economy influenced record-high credit card balances in the third quarter of 2022, according to TransUnion. Here’s how you can pay off your high-interest debt.