The Fed is going to hike rates regardless if Biden’s nominees are confirmed, economists say
While there are reasons to confirm Biden's Fed nominees, economists say concern that the central bank won't act to rein in inflation shouldn't be among...
January home sales jump 6.7% despite a record low supply
Sales of existing homes jumped far more than expected, even as supply hit another record low and prices rose significantly.
Fed approves rules banning its officials from trading stocks, bonds and also cryptocurrencies
Fed officials won't be able to trade stocks and bonds — as well as cryptocurrencies — under new rules that became formal Friday.
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.
Homebuilders’ confidence falls as they wait months for cabinets, garage doors and appliances
Production delays for homebuilders are increasing costs and pricing out buyers. All that is weighing on builder sentiment.
Bank of America CEO Brian Moynihan says U.S. consumer spending ‘very strong’ in February
Bank of America's relationships with U.S. households, small businesses and corporations give Moynihan a unique view into the health of the economy.
Vote on Biden Fed picks delayed as GOP presses for answers on Raskin’s ties to firm
A Republican boycott Tuesday held up a Senate committee vote on the appointment of a top banking regulator and Federal Reserve Chairman Jerome Powell.
The average size of a new mortgage just set a record, as home prices continue to climb
Rising mortgage rates are crushing refinance demand, and higher home prices are causing purchase loan sizes to grow.
Fed’s Daly advocates for a ‘measured’ approach as rate hike expectations rise
The Federal Reserve should be measured in its path to raise interest rates, San Francisco Fed President Mary Daly said Sunday.