The Latest Breaking News from US Federal Reserve

The average long-term U.S. mortgage rate jumped this week to its highest level since November, more bad news for a housing market that’s been in decline for a year

Hot economic data and rekindled price pressures are expected to keep the stock market highly volatile, with the Fed minutes signaling continued rate hikes in upcoming meetings. Amid this backdrop, investing $1,000 in fundamentally sound and dividend-paying stocks Walmart (WMT), Novartis (NVS), and Albertsons (ACI) could make you richer this…

WASHINGTON: US economic growth in the fourth quarter of 2022 was weaker than previously estimated, reflecting a downward revision of consumer spending as the Federal Reserve’s preferred inflation figures were revised higher.

A resilient economy and sticky inflation could lead Fed officials to hike interest rates higher than anticipated in the central bank’s next meeting. Although markets have been highly volatile amid concerns over the potential rate hikes and other macro headwinds, this has created an attractive opportunity for investors to scoop…

The number of Americans filing for jobless aid fell again last week as the labor market remains resilient in the face of the Federal Reserve’s interest rate increases meant to cool the economy

Amid the diminishing likelihood of a Fed pivot and recession odds soaring, a bear market could be expected anytime soon. Therefore, investors can scoop up quality stocks Walmart (WMT), AbbVie (ABBV), and CVS Health (CVS) now. Read on….

In 2022, the annual inflation rate hit a record level (8.4%) since the Eurozone’s creation in 1999, mostly because of disruptions in the global supply chain and by the energy crisis provoked by the conflict in Ukraine.

Asian stock markets are higher following Wall Street's biggest one-day decline in two months

Federal Reserve Bank of New York President John Williams said it’s critical the U.S. central bank remain committed to its 2% inflation goal, and emphasized monetary policy must bring supply and demand into better balance to lower inflation.

A correction in home prices has erased $2.3 trillion in nationwide home values, but homeowners are still up roughly $13 trillion since February 2020.

Nearly all Federal Reserve policymakers agreed earlier this month to slow the pace of the Fed’s rate increases to a quarter-point, with only “a few” supporting a larger half-point hike