Mortgage refinance demand plunges 13% as interest rates climb toward two-year high
As mortgage rates continue to rise, demand for refinances is plunging and homebuyers are struggling.
Federal Reserve points to interest rate hike coming in March
The Federal Reserve on Wednesday indicated it could soon will raise interest rates for the first time in more than three years.
Here’s what changed in the new Fed statement
This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting on Dec. 15.
The Fed is likely to signal a March interest rate hike and that further policy tightening is coming
Even with the market's violent correction, a hawkish Federal Reserve is expected to signal it plans to raise interest rates and consider other tightening.
CNBC Fed Survey forecasts more aggressive Fed tightening
At the Fed's two-day meeting, which ends Wednesday, it is expected to give more clues as to when it will hike rates and begin shrinking...
Key Fed inflation gauge rises 4.9% from a year ago, fastest gain since 1983
A gauge the Federal Reserve prefers to measure inflation rose 4.9% from a year ago, the biggest gain going back to September 1983.
GDP grew at a 6.9% pace to close out 2021, stronger than expected despite omicron spread
Gross domestic product accelerated at a 6.9% annualized pace in the fourth quarter, well ahead of the 5.5% estimate.