US Economy

WASHINGTON – The U.S. budget deficit grew to $1.833 trillion for fiscal 2024, the highest outside of the COVID era, […]

WASHINGTON – U.S. single-family homebuilding surged to a five-month high in September, but permits for future construction rose only marginally

On Friday, Raphael Bostic, the Atlanta Federal Reserve Bank President, made the case for patient reductions in the central bank’s

U.S. home builder confidence rose in October for the second consecutive month but volatile mortgage rates and low housing affordability

WASHINGTON – U.S. business inventories increased in August, lifted by stocks at retailers, government data showed on Thursday. Inventories rose

WASHINGTON – U.S. retail sales increased slightly more than expected in September, supporting views that the economy maintained a strong

WASHINGTON – The number of Americans filing new applications for unemployment unexpectedly fell last week. However, it could remain elevated

On Wednesday, Goldman Sachs said it expects the U.S. Federal Reserve to deliver consecutive 25-basis-point (bps) interest rate cuts from

NEW YORK – Rent inflation will continue to put pressure on consumers for some time to come, the Federal Reserve

WASHINGTON – U.S. import prices fell by the most in nine months in September amid a sharp decrease in the

On Tuesday, Raphael Bostic, the Atlanta Federal Reserve President, said he penciled in just one more interest rate reduction of

NEW YORK – Americans said they expected higher inflation over the longer run last month, as their expectations of credit

NEW YORK – On Tuesday, Mary Daly, the Federal Reserve Bank of San Francisco President, said the central bank remains

The U.S. Federal Reserve will continue cutting interest rates in November. However, policymakers are walking a thin line as inflation

On Monday, Neel Kashkari, the U.S. Federal Reserve Bank of Minneapolis President, said more rate cuts likely lie ahead for

Palo Alto, California – Citing a recent uptick in inflation and data showing the U.S. economy and labor market are

NEW YORK – U.S. consumers remain resilient with solid spending in the third quarter, two of the country’s biggest lenders

NEW YORK – The health of the U.S. consumer moves into the spotlight next week, with investors watching corporate earnings

WASHINGTON – U.S. consumer sentiment slipped in October amid lingering frustration over high prices, a survey showed on Friday. The

WASHINGTON – U.S. producer prices were unchanged in September as a small rise in the cost of services was offset

On Thursday, Chicago Federal Reserve Bank Austan Goolsbee said he sees a series of interest-rate cuts over the next year

John Williams, the Federal Reserve Bank of New York President, said Thursday he expects more rate cuts lie ahead as

The average rate on the popular U.S. 30-year mortgage rate increased to 6.32% this week, its largest one-week increase since