Mortgage rates are surging faster than expected, prompting economists to lower their home sales forecasts
Mortgage rates are rising far faster than economists had predicted, and some are now revising their home sales forecasts lower as a result.
Mortgage rates are rising far faster than economists had predicted, and some are now revising their home sales forecasts lower as a result.
Fast-rising mortgage rates are causing a drop in mortgage demand, especially refinances.
Federal Reserve Chairman Jerome Powell vowed tough action on inflation, which he said jeopardizes an otherwise strong recovery.
Consumers hit with higher prices due to inflation likely aren't looking forward to interest rate hikes from the Federal Reserve. Here's why the Fed does...
The probability of recession in the U.S. was raised to 33% in the next 12 months, up 10 percentage points from the Feb. 1 survey.
The headline producer price index rose 0.8% in February, which actually was slightly lower than the 0.9% Dow Jones estimate.
Single-family rents were up 38.6% in Miami, compared with just a 2% jump for the city in January 2021.
Even in a sluggish economy, there will be a few industries, and companies, that seem to escape unscathed– somehow avoiding the ups and downs that...
Investors may take the Federal Reserve's first post-pandemic rate hike in stride, while uncertainty surrounding Ukraine continues to hang over markets.