Economy Struggling With High Interest Rates and Stubborn Inflation

A pair of economic reports on Thursday showed the economy continues to encounter headwinds as it battles high interest rates and inflation. Existing home sales fell 4.3% in March after February ... Read More

Why Isn't the Fed Cutting Interest Rates? What To Know

The central bank remains cautious, even as calls for rate cuts grow louder from the White House and other policymakers. Read More

Credit card delinquencies surge as Americans battle high inflation ...

The rise in balances comes amid the Federal Reserve's aggressive interest rate hike campaign as it tries to crush stubborn inflation and cool the economy.. Although inflation has cooled ... Read More

Fed holds interest rates steady, postponing rate cuts amid stubborn ...

Speaking in Washington, D.C., on Wednesday, Fed Chair Jerome Powell said the central bank's inflation fight has achieved progress. But he vowed to keep interest rates elevated to complete the job. Read More

High interest rates, rising inflation: The economy still isn’t normal

At his news conference last month, Powell outlined what it would take to get inflation to hit the Fed’s 2% target — and put the economy on a path to rate cuts. Goods prices would need to keep ... Read More

Stubborn Inflation Means Higher Interest Rates for Longer - Investopedia

With inflation having fallen considerably since its recent peak of a 9.1% annual rate last June, Fed officials have said they expect to cut interest rates at some point this year. Read More

Federal Reserve leaves interest rates unchanged despite stubborn inflation

A surging economy has complicated the fight to cool price increases. The Federal Reserve left interest rates unchanged on Wednesday, despite stubborn inflation that has resisted the central bank's ... Read More

Stubborn Inflation Could Prod Fed to Keep Rates High for Longer

If inflation remains sticky in the months to come, it could prod officials to keep interest rates at their relatively high level for an extended time as they try to tap the brakes on the economy ... Read More

Fed May Need to Hike Interest Rates Above 6% to Cut Inflation: Summers ...

The Fed may have to hike interest rates above 6% to curb stubborn inflation, Larry Summers said. The US economy seems to be shrugging off the rate increases so far, the former Treasury chief said. Read More

3 Facts That Help Explain a Confusing Economic Moment

Inflation has proved more stubborn than hoped. Interest rates are likely to stay at their current level, the highest in decades, at least into the summer, if not into next year. Read More

Auto loan delinquencies are on the rise; these states have the most

Analysts say an increase in late car payments is a concerning trend: despite stubborn inflation and high interest rates, unemployment rates are still low. Read More