Federal Reserve Bank

Federal Reserve Board Chairman Jerome Powell speaks during a news conference following a two-day meeting of the Federal Open Market Committee (FOMC) in Washington, July 27, 2022.Elizabeth Frantz | ReutersThe Federal Reserve's decision to…

From rising inflation to a red-hot job market and the negative gross domestic product in between, economists are divided on the health of the U.S. economy."There has been a lot of talk recently that we're in a recession. We have two…

The Good Brigade | DigitalVision | Getty ImagesHere's how portfolio allocations have shifted"We're attempting to address both inflation and recession concerns," said certified financial planner John Middleton, owner of Brighton Financial…

The U.S. Federal Reserve increased its benchmark interest rate by 75 basis points to a range of 1.5%-1.75% in June — the biggest increase since 1994. Fed Chair Jerome Powell (above) flagged there could be another rate hike in July.Mary F.…

David Jakle | Image Source | Getty ImagesIt's been a tough year for municipal bonds, with investors cashing out amid rising interest rates. However, higher yields and strong credit may be sparking a shift, experts say.While investors piled…

Roger FergusonMichael Nagle | Bloomberg | Getty ImagesAnyone who read a Fed chair coining the term "soft-ish" for an economic landing, as Jerome Powell did on Wednesday, as a bullish signal, has a transitory understanding of how much…

The Federal Reserve is about to raise its benchmark interest rate for the first time since 2018, but it's already time for the market to look past this well-telegraphed move, according to Kathy Bostjancic, chief U.S. economist at Oxford…

New homes under construction by CastleRock Communities in Kyle, Texas, in November 2021.Matthew Busch | Bloomberg | Getty ImagesRecord increases in home prices are also pushing up the amount of equity people have in their abodes.For many…

Slowdowns in the world’s two biggest economies — the United States and China — are likely to be larger than expected this year, dragging down output on every continent and reducing global growth, a new report warned Tuesday. Higher…

The Fed is tapering, and unlike the central bank's 2013 reduction in monthly purchases of Treasury bonds and mortgage-backed securities, the stock market took it in stride. Or did it? When then-Fed chair Ben Bernanke surprised the market in…