‘My primary concern is inflation’: Fed’s Schmid pushes rates higher as mortgages hit 6.69%. Make high rates work for you

Americans who have spent years waiting for cheaper mortgages may face another painful disappointment. The average 30-year ...

Credit card debt climbs to $1.26 trillion as ‘K-shaped’ divide persists, New York Fed research finds

Credit card balances are ticking higher mid-way through the year, according to a new report on household debt from the Federal Reserve Bank of New York.

Fed Chair Kevin Warsh Has Held Rates Steady in Back-to-Back Meetings Since Taking Over in 2026. What His Cautious Start Means for Markets.

Meanwhile, the labor market has remained resilient, with unemployment at a very low 4.2%, so it doesn't need support from the ...

Will July CPI Reset the Fed, Bitcoin, and Every Major Market?

July CPI lands Wednesday with September Fed hike odds at a coin flip. See what a hot or soft print means for markets.

Trump says he spoke recently to Fed Chairman Warsh, denies regular calls

The president said he had recently been in touch with the Fed chairman, but denied regular contact amid concerns about ...

US auto loans hit record high in second quarter, New York Fed says

By Howard Schneider WASHINGTON, Aug 11 (Reuters) - U.S. consumers took out a record amount in auto loans in the second quarter and boosted their credit card and home equity balances as well, the New ...

New Fed Chair Kevin Warsh Sparked a "Credibility Shock" on Wall Street After His Latest Rate Decision. Here's Why Investors Should Care.

The new Fed Chair is trying to reset the way the Fed communicates with Wall Street.