Consumer prices rose 8.5% in March, slightly hotter than expected and the highest since 1981

Prices that consumers pay on everyday items surged in March to their highest levels since the early days of the Reagan administration, according to Labor Department data released Tuesday. The consumer...

March consumer inflation expected to be the hottest since 1981

A customer selects food from a freezer at a supermarket on January 12, 2022 in New York City. Liao Pan | China News Service | Getty Images Consumer price inflation in March is expected to have spiked ...

Russia Cuts Key Interest Rate. Protecting the Ruble Is Painful.

Text size alexander nemenov/Agence France-Presse/Getty Images The Russian central bank cut its benchmark interest rate from 20% to 17% on Friday after more than doubling it just days into the Ukraine ...

Cramer’s Mad Money Recap 4/8: BlackRock, JPMorgan, Goldman Sachs

Just as the Federal Reserve starts on the warpath against inflation, we’re already seeing signs that inflation is peaking, Jim Cramer told his Mad Money viewers Friday. Unfortunately, demand is ...

Make A List, But Don’t Go Shopping Yet

The big fish eats the small fish. getty Mergers and acquisition volume in 2021 was the highest on record. But acquisitions may not be the smart thing for business leaders in today’s economic environme...

Carnage is epic in bonds due to Fed’s inflation error: Jim Bianco

There may be no escape from the bond market turmoil — even for stock investors. Market researcher Jim Bianco warns critical Federal Reserve policies to control wild inflation will inflict widespread l...

As Mortgage Rates Rise, Home Sellers Fear Time Is Running Out to Cash In

Blood pressure is now rising along with home prices and mortgage rates as homeowners fear missing out on the right moment to stake the “For Sale” sign in the front yard. The mood among sellers seems t...

As mortgage rates surge higher, these home buyers are being pushed out of the market

The steep upward climb in mortgage rates still isn’t showing any signs of stopping. The average rate on a 30-year fixed-rate mortgage was 4.72% as of the week ending April 7, Freddie Mac FMCC, -0.03% ...

Fed’s Bullard says interest rate policy is ‘behind the curve’ but ‘all is not lost’

James Bullard Olivia Michael | CNBC The Federal Reserve needs to raise interest rates substantially to control inflation but may not be as “behind the curve” as it appears, St. Louis Fed P...

Fed primed to jack up interest rates in 1/2-point steps if inflation stays high

The Federal Reserve signaled its plans to increase a key U.S. interest rate by 1/2 percentage point steps at upcoming meetings if inflation remains high or gets even worse, according to minutes of the...

Fed minutes March 2022 meetings:

Federal Reserve officials discussed how they want to reduce their trillions in bond holdings at their March meeting, with a consensus amount around $95 billion, minutes released Wednesday showed. Offi...

Homebuilders turn to mixed-use districts, master-planned communities

Americans who are short on cash to make rent may need to face an uncomfortable reality: Conditions will likely get worse before they get better. U.S. housing supply fell to the lowest levels observed ...

Key people from the Fed just spooked the markets — here’s what they said

If there was any question about where the Federal Reserve stands on the key issue of the day — inflation — two important officials brought even more clarity on Tuesday. Fed Governor Lael Brainard and ...

Fed’s Mary Daly says high inflation ‘is as harmful as not having a job’

San Francisco Federal Reserve Bank chief of research Mary Daly stands near the podium before a speech at the CFA Society in San Francisco, California, U.S. July 10 2018. Ann Saphir | Reuters San Franc...

Cramer’s Mad Money Recap 4/4: Peloton, Qualcomm, Zoom, Roku

The pandemic stocks have suddenly caught fire again, but that doesn’t mean you should be buying, Jim Cramer told his Mad Money viewers Monday. Now that Covid appears to be fading into the rearvi...

Fed’s Brainard sees balance sheet reduction soon and ‘at a rapid pace’

Lael Brainard, Federal Reserve governor and President Bidens nominee to be the new vice-chair of the Federal Reserve, speaks during her nomination hearing with the Senate Banking Committee on Capitol ...

Bear market rally setting stage for correction: Morgan Stanley warns

A major Wall Street firm is on correction watch. Despite the latest market bounce, Morgan Stanley’s Mike Wilson is bracing for an S&P 500 decline of at least 13% between now and September. W...

Ukraine war, inflation and need for higher interest rates creating ‘unprecedented’ situation, says Jamie Dimon

JPMorgan Chase & Co. CEO Jamie Dimon said the Western world faces “challenges at every turn” but the U.S. economy remains strong, according to his annual letter to shareholders. JPMorgan’s JPM, +0...

Cathie Wood Urges Caution About Fed Raising Rates

The asset manager Cathie Wood, chief executive of Ark Wealth Management, has expressed opposition to much more in the way of interest-rate increases from the Federal Reserve. Her thoughts came in a we...

Fed’s Williams says could begin reducing balance sheet as soon as May meeting

The Federal Reserve may begin reducing its balance sheet as soon as its May 3-4 policy meeting to address the level of U.S. inflation that have become “particularly acute,” New York Fed chair John Wil...

Is a yield curve inversion a foreboding sign for mortgage rates? Does it really signal a recession? Economists weigh in.

For a moment this week, the bond market flashed a signal that some associate with impending recessions. Home buyers need not worry just yet, according to economists. On Friday, the 2-year rate, which ...

Missed the Dip in Stocks? Where to Find Yields of 3% to 6%.

I sneezed, and missed the buying opportunity in stocks. The S&P 500 was down 13% at one point this year. It ended the first quarter with a loss of just 4.6%, including dividends. But all of the ba...

Inverted Yield Curve Could Be Sending a Bogus Recession Warning

No topic has dominated the investment conversation lately as much as the yield curve. While it’s an arcane matter to most folks, we in the financial sphere have been thrown into a tizzy by this indica...

As the Fed Raises Interest Rates, and Other Central Banks Don’t, What Will That Mean for U.S. Stocks?

The Federal Reserve’s recent decision to begin raising interest rates stands in contrast to many other central banks around the world, which are keeping their baseline interest rates flat or lowering ...

Home Builders Are the Cheapest Stocks Around. Is It Time to Buy?

Construction workers on a Toll Brothers home in Boca Raton, Fla. Toll and other home builders currently trade near book value. Joe Raedle/Getty Images Text size The housing market is still robust, but...

Is the Housing Market Going to Crash? With Rising Mortgage Rates and Sky-high Home Prices, First-Time Buyers Are Being Locked Out

When Kellie Stofko and her fiancé, Liam McRae, started house hunting last August, it was with the vision of trading their 800-square-foot Atlanta apartment for a roomier home of their own in time for ...

Housing Market Faces a World of Pain

Several ominous signs face the housing market. First, the average 30-year fixed-rate mortgage soared to a three-year high of 4.67% in the week ended March 31, according to housing agency Freddie Mac. ...

The Fed Has Begun Raising Interest Rates. Here’s When It Will Start to Cut.

Text size The Fed is battling inflation. Gasoline prices are a big part of the problem. Joe Raedle/Getty Images Financial markets deserve their reputation for focusing on the future. Investors are loo...

Mortgage rates zoom past 4.5% — here’s what home buyers need to know

Mortgages rates keep climbing, and that poses a major challenge for families looking to score a deal during the busy spring home-buying season. The benchmark 30-year fixed-rate mortgage averaged 4.67%...

U.S. inflation jumps again and hits 6.4% rate, the Fed’s favorite price gauge shows

The numbers: The Federal Reserve’s favorite inflation calculator rose a sharp 0.6% in February and kept the increase over the past year at a 40-year high, explaining why the central bank plans to move...

Cramer’s Mad Money Recap 3/29: Adobe, Yeti, FedEx, Disney

At the peak of the doom and gloom is when you need to be thinking about what could go right, Jim Cramer told his Mad Money viewers Tuesday. In this market, that time was just over a week ago, when the...

Fed’s Patrick Harker says he thinks the U.S. can avoid a recession, even amid troubling signs

Despite on ominous indicator hanging over the economy and higher interest rates on the way, Philadelphia Federal Reserve President Patrick Harker said Tuesday that he doesn’t think the U.S. is h...