Homebuilder sentiment drops to lowest level in two years as housing demand slows
Builder sentiment is getting hit by higher interest rates, which are causing a slowdown in housing demand.
Here’s what the Federal Reserve’s 0.75 percentage point rate hike — the highest in 28 years — means for you
The Fed announced its highest rate hike in 28 years to fight inflation. Here's how that impacts your credit card, mortgage, car loan, student debt...
The Federal Reserve just hiked interest rates by 0.75 percentage point. How raising rates may help slow inflation
Consumers may not be looking forward to higher interest rates while they're paying more for necessities. Here's how raising rates helps inflation.
Private payrolls increased by just 128,000 in May, the slowest growth of the recovery, ADP says
Private sector employment rose by just 128,000 for the month, falling well short of the 299,000 Dow Jones estimate.
Fed report sees ‘slight or modest’ economic growth as inflation surges
Most of the U.S. has been seeing just "slight or modest" economic growth over the past two months or so, according to a Fed report...
Job openings show sharp decline, but still vastly outnumber available workers
The openings total declined by 455,000 from the upwardly revised March number to 11.4 million in April, according to the Job Openings and Labor Turnover...
The Fed’s Mary Daly says rate hikes should continue until inflation is tamed
San Francisco Federal Reserve President Mary Daly said she backs raising rates aggressively until inflation comes down.
Yellen says the administration is fighting inflation, admits she was wrong that it was ‘transitory’
Treasury Secretary Janet Yellen emphasized that the White House has several strategies that will reduce inflation she conceded is too high for Americans.
Fed Governor Christopher Waller says he’s prepared to take rates past ‘neutral’ to fight inflation
Fed Governor Christopher Waller said he would support hikes that pass through exceed the "neutral" level.