Affluent Americans are driving U.S. economy and likely delaying need for Fed rate cuts

One result of the Fed’s higher rates has been a kind of bifurcated economy, by age. Older, wealthier Americans who already own homes and cars have been much less affected by the Fed’s rate hikes. By ... Read More

Will mortgage rates rise after this week's Fed meeting?

The Federal Reserve is set to meet again, with the potential for mortgage rate changes high. Here's what to know. Read More

Fed’s Williams sees inflation falling ‘closer to’ 2% target by next year, despite recent ‘bumps’

I expect inflation to continue its gradual return to 2%, although there will likely be bumps along the way, as we’ve seen in some recent ... Read More

Inflation-wary US rate options market cautiously prices for 2024 Fed hike

Options on Secured Overnight Financing Rate (SOFR) futures are showing a higher probability that the Federal Reserve could hike interest rates a quarter percentage point this year and next as U.S. Read More

US Economy News Today: Fed's Preferred Inflation Measure Shows Stubborn Inflation Increasing

Today, the Federal Reserve's preferred measure of inflation showed inflation remained stubbornly high, with the annual tally up from last month. Read More

Confounding US economic, inflation data cloud Fed's rate path

The Federal Reserve's latest financial stability report was good news for anyone worried that a record run of interest rate hikes might overstress the banking system or trigger a recession with ... Read More