The Fed recorded its first weekly profit since September 2022, earning $379 million, driven by Policy Normalization and ...

Aggregate US debt is $101.353T, or 3.45x GDP, indicating a historically high leverage that risks recession. Read why ...

Lawmakers representing Democratic-controlled states are pushing back, arguing it is an arbitrary move to help out red states ...

Some have interpreted the memo as a ploy to divert federal funding away from blue states, like Massachusetts, and direct it to red states.

The unemployment rate, which is derived from a separate survey, declined to 4% from 4.1% the prior month. Economists expected ...

Thursday, keeping the average near its lowest level since mid-December. Rates for some refi loan types saw bigger increases.

While in the past Trump has implored the Fed to cut its benchmark rate, Bessent said the current strategy is using the levers ...

The Federal Reserve spent a good part of 2022 and 2023 implementing interest rate hikes in response to rampant inflation. But now, the central bank needs to reverse some of those hikes as inflation ...

Rates on new 30-year mortgages saw a notable drop Wednesday—lowering the flagship average to its cheapest level since before Christmas. Several other averages also dipped.

U.S. President Donald Trump and his newly appointed Treasury Secretary Scott Bessent's focus on the benchmark 10-year Treasury yield and not the federal funds rate to bring down borrowing costs is the ...

Tariffs are a complicated story, and could force rates down initially – but cumulatively they'll end up higher ...