U.S. inflation tracked sideways in April while consumer spending weakened, sending mixed signals to the Federal Reserve. The data suggested that the elevated pace of price increases could last longer than...
Donald Trump became the first U.S. president to be convicted of a crime on Thursday when a New York jury found him guilty of falsifying documents to cover up a payment to silence a porn star ahead of the...
U.S. existing home sales fell unexpectedly in April, marking the second consecutive monthly decline as higher mortgage rates and rising house prices weighed on demand. The National Association of Realtors...
Federal Reserve Chair Jerome Powell emphasized a shift in the central bank’s approach towards discussing economic "scenarios" rather than providing explicit guidance on interest rate cuts. This change...
Are you looking to buy a new home or refinance at a lower rate? The media is talking about rates being higher for longer. And they are correct about short-term rates that don't impact mortgages as much...
Quantitative tightening is the Fed’s process of reducing its balance sheet. After purchasing debt securities during and after the 2020 global pandemic, the U.S. central bank has allowed those purchases...
The number of Americans filing new claims for unemployment benefits fell last week, signaling underlying strength in the labor market. According to the Labor Department, initial claims for state unemployment...
Richard Tang, head of global markets at Rokos Capital Management, stated in a Bloomberg Television interview that the Federal Reserve is unlikely to loosen monetary policy this year. Despite market expectations...
Citadel Securities has reported a net trading revenue of $2.3 billion for the first quarter of 2024, marking a 68% increase year-over-year. This surge sets the market-making firm, founded by billionaire...
In April, U.S. producer prices surged unexpectedly, fueled largely by significant increases in the costs of services such as portfolio management and hotel accommodations, along with a solid rise in wholesale...