But a category within the GDP data that measures the economy’s underlying strength rose at a healthy 3.2% annual rate from ...

The average rate on a 30-year mortgage in the U.S. eased for the second week in a row, but remains just below 7%, little relief for prospective home shoppers looking ahead to the spring homebuying ...

Freddie Mac’s average rate on a 30-year fixed-rate loan was 6.95% for the week ending January 30, virtually unchanged from a ...

Long Island economy will depend on how uncertainties unfold. Foremost are the fiscal policies enacted by President Trump and the monetary policies of the federal reserve.

It takes time for the Fed’s decisions to filter through the economy — and then even more time for consumers to see the ...

European stock markets rose Thursday as the European Central Bank cut interest rates again while US shares were steady after a mixed bag of company earnings reports.

Nonetheless, already there is a clash with President Trump, who believes interest rates are “far too high." On his Truth Social platform, Trump went on the attack: Because Jay Powell and the Fed ...

The new data were published Thursday by the Bureau of Economic Analysis in its report for gross domestic product for the fourth quarter.

WASHINGTON (AP) — The American economy ended 2024 on a solid note with consumer spending continuing to drive growth. The Commerce Department reported Thursday that gross domestic product — the economy ...

The Fed keeps rates unchanged, signals more hawkish stance on inflation and describes real economy as solid. See why I don't expect rate cuts in the coming months.

The Fed said the job market is “solid,” and noted that the unemployment rate “has stabilized at a low level in recent months.

The U.S. economy grew 2.3% in the fourth quarter as consumers again powered gains. Here's what the showing could mean for Fed ...