Interest Rates

Consumer spending surprisingly robust despite inflation and interest rate hikes

Zach Halaschak · October 6, 2023 9:16 am

FILE - This May 14, 2014 file photo shows a new home for sale in the Winthrop subdivision in Riverview, Fla. The Commerce Department on new home sales in July on Monday, Aug. 25, 2014. (AP Photo/Chris O'Meara, File)

Mortgage applications hit lowest level since 1996 as soaring rates crush affordability

Zach Halaschak · October 4, 2023 7:08 pm

Blank stimulus checks are seen on an idle press at the Philadelphia Regional Financial Center, which disburses payments on behalf of federal agencies, in Philadelphia, Thursday, May 8, 2008. The first batch of rebate payments started hitting bank accounts last week through direct deposits. Treasury Secretary Henry Paulson, Vice President Dick Cheney and other Bush administration officials are visiting government check printing centers around the country on Thursday for events highlighting the fact that millions of rebate checks are in the mail.

10-year and 30-year Treasury yields hit highest level since before Great Recession

Zach Halaschak · October 3, 2023 5:34 pm

A now hiring sign is seen in front of a business along the boardwalk, Thursday, June 2, 2022, in Ocean City, New Jersey. Many seasonal businesses are struggling to find enough workers again this summer.

Job openings tick up in sign of labor market resilience

Zach Halaschak · October 3, 2023 2:03 pm

Blank stimulus checks are seen on an idle press at the Philadelphia Regional Financial Center, which disburses payments on behalf of federal agencies, in Philadelphia, Thursday, May 8, 2008. The first batch of rebate payments started hitting bank accounts last week through direct deposits. Treasury Secretary Henry Paulson, Vice President Dick Cheney and other Bush administration officials are visiting government check printing centers around the country on Thursday for events highlighting the fact that millions of rebate checks are in the mail.

Treasury yields hit 15-year high after lawmakers delay government shutdown

Zach Halaschak · October 2, 2023 5:41 pm

A shopper peruses cheese offerings at a Target store Wednesday, Oct. 4, 2023.

Inflation ticked up slightly to 3.5% in August in Fed’s preferred gauge

Zach Halaschak · September 29, 2023 12:32 pm

FILE - In this Thursday, Oct. 10, 2013, file photo, employees at Sheffield Platers Inc. work on the factory floor in San Diego. The Institute for Supply Management issues its U.S. manufacturing index for November on Monday, Dec. 2, 2013. (AP Photo/Lenny Ignelzi, File)

GDP grew at 2.1% rate in second quarter, revision shows, defying Fed rate hikes

Zach Halaschak · September 28, 2023 12:32 pm

New home sales fell in August as housing market sends mixed signals

Zach Halaschak · September 26, 2023 2:03 pm

Sen. Josh Hawley (R-MO), a member of the Senate Judiciary Committee, talks to reporters as he arrives at the chamber for the final votes of the week at the Capitol in Washington, Thursday, June 15, 2023.

Hawley gets pushback from banking groups for bill to cap credit card rates at 18%

Zach Halaschak · September 22, 2023 6:34 pm

Beltway Confidential

Sen. Josh Hawley’s credit card rate cap bill should spark zero interest from fellow lawmakers

Tiana Lowe Doescher · September 22, 2023 9:20 am

Federal Reserve Chair Jerome Powell speaks during a news conference at the William McChesney Martin Jr. Federal Reserve Board Building following a Federal Open Market Committee meeting on Wednesday, July 26, 2023, in Washington.

Fed holds interest rates steady amid recent upswing in inflation

Zach Halaschak · September 20, 2023 6:00 pm

Federal Reserve Chair Jerome Powell speaks during a news conference at the William McChesney Martin Jr. Federal Reserve Board Building following a Federal Open Market Committee meeting on Wednesday, July 26, 2023, in Washington.

WATCH LIVE: Federal Reserve Chairman Jerome Powell addresses interest rate decision

Eden Villalovas · September 20, 2023 5:30 pm