For much of the year, the average rate on a 30-year mortgage has hovered relatively close to its 2025 high of just above 7%, set in mid-January. Since last week, the average rate has been at its ...

Walmart’s adjusted earnings miss analysts’ estimates but second-quarter revenue tops forecasts. Tech stocks Palantir, Nvidia, ...

Economists have long preferred independent central banks because they can more easily take unpopular steps to fight inflation.

Sales of previously occupied U.S. homes rose in July as homebuyers were encouraged by a modest pullback in mortgage rates, slowing home price growth and the most properties on the market in over five ...

NEW YORK (AP) — U.S. stock indexes are edging lower on Thursday as Wall Street makes its final moves before the head of the Federal Reserve gives a highly anticipated speech on Friday that could hint ...

Kansas City Fed president Jeffrey Schmid opened the door to rate cuts in September, but remains wary of inflation pressures in the economy.

Grownups like Powell and Cook are firm, but restrained. In a piece about Powell this week the WSJ quoted one of his former colleagues as saying, “I think it is no more subtle than he wakes up every ...

The president called for Lisa Cook to resign after his administration accused her of falsifying mortgage documents, but the ...

Democratic state Sen. Vernonic Klinefelt, whose district extends from south of Eight Mile Road in Detroit to central Macomb Township, said she abhors the House’s school-funding plan for its ...

Chelsea boss Enzo Maresca insists he has had heard nothing to suggest Wesley Fofana wants to leave Stamford Bridge after the ...

Federal Reserve Chair Jerome Powell is set to give what could be his most consequential speech yet — just a few days after one of his colleagues was threatened with prosecution for alleged mortgage ...

The independence of the US Federal Reserve is under scrutiny. President Trump has pressured the Fed to cut interest rates. He even called for a governor's resignation. Fed Chair Jerome Powell is ...