Middle- and low-income Americans running out of disposable cash: SF Fed
New research from the San Francisco Federal Reserve found that middle- and lower-income U.S. households are running low on disposable cash as the economy shows signs of slowing.
Vance backs Trump on president influencing Federal Reserve decisions
Former President Trump's VP nominee JD Vance said that he agrees with Trump that the president should have a say over the Federal Reserve's monetary policy decisions.
Trump suggests presidents should have a say on Federal Reserve policy
Former President Donald Trump said during a press conference on Thursday that U.S. presidents should have a say on Federal Reserve interest rate decisions.
Dow jumps 683 points, S&P and Nasdaq roar higher as recession fears ease
A fresh read on the job market showed that the U.S. employment situation remains solid, giving investors the greenlight to shake off recession fears.
Jobless claims rise less than expected to 233,000
The Labor Department on Thursday released new data about unemployment claims amid heightened concerns that the U.S. economy is headed for a recession.
Mortgage demand roars back to life as rates drop to lowest level in a year
A survey published by the Mortgage Bankers Association found that interest rates dropped to a one-year low, spurring a surge in home-purchase applications.
'Recessionary Russian roulette': House Dem demands Powell end 'kamikaze' interest rate policy
Rep. Ritchie Torres, D-N.Y., is urging Federal Reserve Chair Jerome Powell to act swiftly on slashing interest rates or risk economic calamity.
Americans owe a record $1.14T in credit card debt as inflation squeezes
New York Federal Reserve data released Tuesday shows household debt hit a fresh record in the first quarter of 2024 amid an uptick in credit card balances.
Recession fears, market sell-off raise odds of a bigger Fed rate cut
A growing number of investors are betting that the Federal Reserve will make a super-sized interest rate cut when policymakers next meet in mid-September.
Legendary market watcher predicts surprise Fed rate cut
Stock market analyst and author Robert Prechter says he believes the Federal Reserve will implement a rare emergency rate cut before its September meeting.
Fed's Goolsbee says central bank will 'fix' the US economy if it deteriorates
Chicago Federal Reserve President Austan Goolsbee said on Monday that central bank policymakers will "fix" the U.S. economy if it starts to deteriorate.
Goldman Sachs economists raise 'limited' risk of US recession to 25% chance: report
Goldman Sachs economists upped the probability of the U.S. economy entering a recession in the next year to 25%, though they noted they still see "recession risk as limited."
Elon Musk says Fed 'foolish' for not cutting interest rates yet
Billionaire entrepreneur Elon Musk said the Federal Reserve has been "foolish" for not cutting interest rates as the central bank eyes a potential cut in September.
Dow, S&P 500, Nasdaq have worst session since 2022
U.S. stocks tumbled as recession fears spooked investors following a series of weak economic reports this week, including the July jobs report released Friday.
The July jobs report just triggered a reliable recession indicator
The July jobs report triggered the "Sahm rule," which is closely monitored by Wall Street, because it has been a historically accurate recession indicator.
US job growth slows to 114K in July while unemployment unexpectedly jumps
The July jobs report released Friday provided a look at the labor market's health as the economy continues to confront high interest rates and inflation.
Interest rate cuts are on the horizon, but high mortgage rates could be here to stay
The Federal Reserve signaled that a September rate cut is on the table, but would-be homebuyers are likely to continue facing mortgage rates above 6%.
Fed holds interest rates steady at 23-year high, but opens the door to reducing rates
Federal Reserve policymakers on Wednesday voted to hold interest rates steady, keeping borrowing costs elevated for millions of households and businesses.
What could a Federal Reserve rate cut mean for your wallet?
The Federal Reserve is widely expected to cut interest rates this year, which could provide some reprieve for Americans crushed by steep borrowing costs.
Inflation measure closely watched by the Fed rises 2.5% in June
The Federal Reserve's favorite measure of tracking inflation rose 0.1% in June as American families continue to grapple with elevated consumer prices.