Economy

Hotter-than-expected inflation data in April pushed financial markets to sharply revise expectations for Federal Reserve monetary policy.

Industrial production increased 0.7% in April after decreasing 0.3% in March. In April, manufacturing output rose 0.6%, the index for...

The rate for a 30-year fixed-rate mortgage was 6.36% this week. The rate for a 15-year fixed-rate mortgage was 5.71%.

Advance estimates of U.S. retail and food services sales were up 0.5% from the previous month and in line with...

The Senate voted 54-45 to confirm Kevin Warsh as the next chairman of the Federal Reserve. The Senate confirmed his...

The Producer Price Index for final demand increased 1.4% in April, seasonally adjusted, the U.S. Bureau of Labor Statistics reported....

Roughly 6% of U.S. adults were unbanked last year, a figure that has held steady since 2021. The Fed survey...

The NFIB Small Business Optimism Index rose 0.1 points in April to 95.9, below its 52-year average of 98 for...

Household debt increased by $18 billion, or just 0.1%, to hold steady at $18.8 trillion in the first quarter of...

Persistent upward inflation reinforces expectations that interest rates will remain higher for longer, supporting loan yields but margins will remain...