Legendary investor says he would give Bidenomics 'an F'
Duquesne Family Office CEO Stan Druckenmiller scorched the economic record of the Biden administration, arguing its using the wrong tactics to address economic issues.
Euro stock ETFs jump after Bank of England rate talk
Like the Federal Reserve, the Bank of England is battling inflation. However, Governor Andrew Bailey is a little more optimistic about future rate cuts than Fed Chair Jerome Powell.
Federal Reserve president says rate cuts may not come in 2024
Minneapolis Federal Reserve President Neel Kashkari said that interest rates may remain elevated for an "extended period" this year until policymakers see more evidence of inflation declining.
Fed president says next move likely to lower rates, but timing uncertain
Federal Reserve Bank of New York President John Williams said the central bank will likely lower interest rates as its next policy action but that the timing of the shift is unclear.
Renters fear they’ll never own a home: Fed survey
The latest SCEO Housing Survey released by the New York Federal Reserve indicates renters' hopes of someday owning a home have plummeted over the past year.
White House economic adviser struggles with question on monetary policy
A video clip of White House Council of Economic Advisers Chair Jared Bernstein appearing to struggle with a question about the necessity of monetary policy went viral.
US economy adds 175K jobs in April, much weaker than expected
The April jobs report released Friday provided a look at the labor market's health as the economy continues to confront high interest rates and inflation.
April jobs report expected to show a 'cooling' labor market
The April jobs report, due out Friday morning, is expected to show the labor market is continuing to moderate due to higher interest rates and inflation.
Tight job market has a friend in the Fed
The Federal Reserve is standing pat on interest rates for now, with the timing of a cut uncertain. Still, the backdrop remains supportive for the U.S. job market and the rank and file.
What do higher-for-longer interest rates mean for your money?
The Federal Reserve signaled that it will keep interest rates higher for longer amid stubborn inflation, keeping borrowing costs elevated for Americans.
Fed holds rates steady as inflation casts doubt on future cuts
Federal Reserve policymakers on Wednesday voted to keep interest rates unchanged as inflationary pressures within the U.S. economy start to increase again.
Private sector job growth rises more than expected in April
Hiring by private U.S. companies rose more than forecast in April, a sign that the labor market remains resilient in the face of higher interest rates.
Homes are now affordable in just 6 major American cities
Homes in most major American cities do not have prices low enough to be considered affordable for the median-earning household, according to a new study.
Home prices surge to another record high in February
U.S. home prices continued to march higher February, according to new S&P data, as would-be homebuyers compete for a limited number of homes for sale.
Fed expected to keep interest rates higher for longer amid stubborn inflation
The Federal Reserve is widely expected to hold interest rates steady at the conclusion of its two-day meeting on Wednesday amid signs of sticky inflation.
Stagflation fears come back with a vengeance
The U.S. economy could be headed toward a "stagflation" scenario, which is characterized by soaring consumer prices as well as high unemployment rates.
Fed's favorite inflation gauge rises faster than expected in March
The Federal Reserve's favorite measure of tracking inflation jumped 0.3% in March as American families continue to grapple with elevated consumer prices.
Jamie Dimon is skeptical about the odds of a 'soft landing'
JPMorgan Chase CEO Jamie Dimon on Thursday warned that the odds of a soft landing within the U.S. economy are shrinking amid signs of still-high inflation.
US economy grew slower than expected at the start of 2024
Gross domestic product, the broadest measure of goods and services produced across the economy, grew at a 1.6% annualized rate during the first quarter.
Mortgage demand falls again as interest rates soar past 7%
A key measure of home-purchase application fell for the third straight week as mortgage interest rates marched to the highest level since November 2023.