U.S. existing home sales dropped to a 13-year low in September as surging mortgage rates and tight supply combined to reduce affordability for many first-time buyers.
A look at the day ahead in U.S. and global markets from Mike Dolan A buoyant U.S. economy, hawkish Federal Reserve and dysfunctional Congress are sending Treasury bond yields soaring through 5% and
Barclays forecasts the U.S. Federal Reserve delivering a 25-basis-point hike in December, compared to a prior rate hike expectation in November.
American families on average saw large gains in income and wealth from 2019 to 2022, a period marked by the severe disruptions of the COVID-19 pandemic and massive government spending in
Federal Reserve policymakers are signaling a pause in hiking interest rages for another couple months as they wait for a resolution of mixed signals: strong economic data, signs of
A look at the day ahead in U.S. and global markets from Mike Dolan The two biggest economies in the world are both beating forecasts but U.S. economic growth looks to have leapfrogged China's
A look at the day ahead in European and global markets from Wayne Cole.
Minneapolis Federal Reserve Bank President Neel Kashkari on Tuesday said it has taken much longer than expected for inflation to come down, and it is "still too high."
Richmond Federal Reserve Bank chief Thomas Barkin on Tuesday said that higher long-term borrowing costs are putting downward pressure on demand but it's unclear how that will affect the
The Federal Reserve will meet Oct. 24 to discuss final rules updating requirements for fair lending by banks under a long-standing law, the central bank announced Tuesday.
U.S. business inventories increased a bit more than expected in August even as sales surged, suggesting inventory investment could provide a lift to economic growth in the third
U.S. retail sales increased more than expected in September as households boosted purchases of motor vehicles and spent more at restaurants and bars, suggesting the economy
A look at the day ahead in U.S. and global markets from Mike Dolan Another eye-catching bounceback in U.S. stocks on Monday was just about sustained overnight ahead of another slew of big bank
Federal Reserve Bank of Philadelphia President Patrick Harker said on Monday the central bank should not create new pressures in the economy by increasing the cost of borrowing.
Chicago Fed president Austan Goolsbee said it is "undeniable" that the slowdown in U.S. inflation is a trend rather than a momentary blip, despite a recent string of economic data showing
Although price moves remain contained in the absence of a dramatic weekend escalation, world markets are still on edge as Middle East tension builds without obvious resolution.
Geopolitics are at the forefront of everyone's minds after war broke out between Israel and Palestinian militant group Hamas, and the mood in markets is jittery at best.
Sri Lanka's authorities can negotiate any proposals private creditors make, such as issuing GDP-linked bonds, a senior International Monetary Fund official said on
The International Monetary Fund said fiscal policy in Latin America and the Caribbean has been "prudent" but governments need to increase revenues as there are not many
Major U.S. banks on Friday reported rising profits from higher interest rates on loans, but warned the economy was slowing as customers depleted their savings.
The Federal Reserve's aggressive monetary policy tightening is prompting U.S. banks to slow the flow of credit and beef up cash levels after the panic in March when Silicon Valley Bank
A look at the day ahead in U.S. and global markets by Dhara Ranasinghe. Investors in U.S.
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