Home sales break 6-month losing streak, rising 1.4 percent
Despite the recent uptick, home sales are still down from a year ago, hurt by rising interest rates.
Escalating attack, Trump calls the Federal Reserve his ‘biggest threat’
President Trump said he doesn't speak with Chairman Jerome Powell because of the Fed's political independence but said, "I'm not happy with what he's doing because it's going too fast" in raising rates at a time when inflation has remained…
Trump says Federal Reserve ‘has gone crazy’ after big stock drop
President Trump, who has been critical of the central bank's interest rate increases, told reporters that he thinks "the Fed is making a mistake." But he's also calling the drop "a correction we've been waiting for for a long time."…
Analysis: The dangers of the Fed rate hike
The conventional wisdom was that the Federal Reserve would again hike short term interest rates today. That wisdom proved correct, as did the prediction that the Fed would say it is committed to further hikes. The conventional explanation is that…
Many economists worry, though, that Trump's combative trade policies could slow the economy.
The Federal Reserve is expected to raise interest rates Wednesday, but economists will also be watching for a signal that another hike is likely before the end of the year.
U.S. consumer spending rose a solid 0.4 percent in July, the sixth straight month of healthy gains.
These steps show confidence that the economy remains sturdy nearly nine years after the Great Recession ended, officials said.
Federal Reserve officials at their January meeting believed that a brightening global economic picture and the effects of recently passed tax cuts had raised the prospect for solid growth and continued interest rate increases.
