Fed speeches, Cyber Monday, and retail earnings will top week ahead
This week will see Cyber Monday as well as retailers earnings reports. It will also see Fed discussions as the country continues to worry about inflation.
Fed officials anticipate slower interest rate hikes coming 'soon,' minutes show
Fed policymakers could soon decrease the size of their interest rate hikes as they consider the lags of monetary policy and its effect on the economy.
New home sales unexpectedly climb in October despite steep mortgage rates
Mortgage rates have more than doubled over the past year, pushing many prospective homebuyers out of the market, even as home prices remain near a record-high.
Jobless claims unexpectedly rise to highest level since August
New applications for unemployment benefits increased last week, evidence the tight labor market is starting to loosen as the Fed raises interest rates.
Looking to buy a house? It's the worst time in decades to do so
U.S. consumers looking to buy a new home are facing the worst conditions in a generation as the Federal Reserve rapidly raises interest rates to fight inflation.
Investor home purchases tumble 30% as rising mortgage rates cool housing market
A new Redfin report showed that investor home purchases plunged in the third quarter of the year as higher mortgage rates rapidly slow the housing market.
Retailers disclose earnings, possible rail strike, Fed minutes and more: Tuesday's 5 things to know
Events to watch heading into Tuesday include 3Q earnings reports by retailers, Wednesday's Federal Reserve minutes release and a possible rail strike update.
Inflation pushes some Americans to skip Thanksgiving dinner this year: survey
Inflation and an uncertain economy have caused some Americans to skip Thanksgiving dinner this year, a recent survey said.
Bear market is not over yet, and will continue in 2023, Goldman Sachs warns
Goldman Sachs strategists on Monday said that the bear market is not over yet, and it could last through 2023 until the Fed stops hiking interest rates.
Economic index flashes major recession warning sign
The Conference Board's Leading Economic Indicators index fell for the eighth consecutive month, signaling that a recession is looming on the horizon in the U.S.
Home prices could plunge 20% amid risks of 'severe' correction, Dallas Fed says
Fed policymakers need to thread the needle as they try to deflate the housing bubble without bursting it, the Dallas Fed said in a research paper this week.
Existing home sales drop for ninth straight month in October
Sales of previously owned houses fell in October for the ninth consecutive month as rising interest rates pushed potential homebuyers out of the market.
On 'American Dream Home,' a pair of homebuyers seek their 'Color Me Orange Beach' house
Orange Beach, a city on Alabama's Gulf Coast, was exactly where one couple wanted to be — and they looked for their "American Dream Home" with the help of host Cheryl Casone of Fox Business.
Is the Fed preparing to pivot on interest rate hikes? Not so fast, policymakers say
Federal Reserve officials expect to continue raising interest rates despite market hopes for a pause as inflation continues to hover near a 40-year high.
Housing starts fall again in October as high mortgage rates sap demand
Rising interest rates and stubbornly high prices are starting to cool the housing market, with new home construction in the U.S. plunging again in October.
Homebuilder sentiment falls sharply in November as higher mortgage rates bite
Builder sentiment in the market for single-family homes tumbled in November to the lowest level in 10 years, indicating the housing market is officially in a recession.
Retail sales rise faster than expected in October, despite painfully high inflation
The Commerce Department released new retail data on Wednesday, revealing how consumers have responded to rapid and stubbornly high inflation in October.
Americans see higher inflation ahead: NY Fed
Consumers are growing more pessimistic as inflation expectations tracked by the Federal Reserve Bank of New York increased across all horizons, while unemployment expectations deteriorated.
October inflation dips to lowest level so far in 2022 — will it slow the Fed's next rate hike?
The Consumer Price Index (CPI), a measure of inflation, rose 7.7% annually in October, a slowdown from the 8.2% increase in September, according to the Bureau of Labor Statistics.
Economics professor warns October's inflation victory is 'too early,' tries putting a 'political drag' to bed
Fox News contributor Brian Brenberg tells Fox News Digital that an early celebration of a cooler-than-expected inflation report could end up being a "killer" to Main Street.