Retail sales surge 3.8% in January, much more than expected amid inflation rise
Retail sales for the month rose 3.8% in January, much better than the 2.1% Dow Jones estimate.
Retail sales for the month rose 3.8% in January, much better than the 2.1% Dow Jones estimate.
Production delays for homebuilders are increasing costs and pricing out buyers. All that is weighing on builder sentiment.
Bank of America's relationships with U.S. households, small businesses and corporations give Moynihan a unique view into the health of the economy.
A Republican boycott Tuesday held up a Senate committee vote on the appointment of a top banking regulator and Federal Reserve Chairman Jerome Powell.
Rising mortgage rates are crushing refinance demand, and higher home prices are causing purchase loan sizes to grow.
The Federal Reserve should be measured in its path to raise interest rates, San Francisco Fed President Mary Daly said Sunday.
St. Louis Fed President James Bullard made his case for a rapid move higher in rates, saying that the central bank needs to react to...
Rising mortgage rates are finally taking a toll on homebuyers, who are already stretched by high home prices. As a result, demand for mortgages fell.
Bostic said he anticipates hiking interest rates three or four times this year, but the central bank isn't locked into a specific plan.