Economy

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Home prices just fell the most in 2 years

The housing market may finally be shifting in buyers' favor. In a good sign for…

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JPMorgan boosts odds of a US recession this year to 35%

JPMorgan Chase analysts now see a greater chance that the U.S. economy will enter a recession…

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Mortgage rates drop to lowest level since May 2023

A key measure of home-purchase applications surged last week as mortgage rates dropped to the…

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Credit card debt hits another record high

Americans are increasingly turning to their credit cards to cover everyday expenses, with debt hitting…

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Fed will ‘fix’ the US economy if it deteriorates, Goolsbee says

Chicago Federal Reserve President Austan Goolsbee on Monday said that central bank policymakers will respond…

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US job growth slows to 114K in July while unemployment unexpectedly jumps

U.S. job growth cooled sharply in July while the unemployment rate unexpectedly rose to the…

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July jobs report breakdown: Which industries hired the most workers?

Job growth sputtered in July as many industries like manufacturing, retail and trade pulled back…

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A closely tracked recession signal just got triggered by the July jobs report

The weaker-than-expected July jobs report triggered a reliable recession indicator that Wall Street closely monitors,…

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Mortgage rates fall slightly | Fox Business

Mortgage rates decreased a bit this week, remaining uncomfortably high for many would-be buyers but…

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Fed holds interest rates steady at 23-year high, but opens the door to reducing rates

The Federal Reserve on Wednesday held interest rates steady at the highest level in more…

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