Federal Reserve policymakers have raised the benchmark interest rate for the first time in three years in response to pernicious inflation, defying President Donald Trump’s insistent calls for lower borrowing costs. Fed... Read more »
When the Federal Reserve decides to nudge interest rates up, it’s not just a headline you hear on the news; it directly impacts the money in your pocket, especially when it comes... Read more »
Some policymakers raised the possibility of rate increases if inflation proves more stubborn than expected. The Federal Reserve held its benchmark interest rate steady at its March 17-18 meeting, but minutes released... Read more »
MBA economists Mike Fratantoni, Joel Kan and Judie Ricks wrote that the forecasts show 2025 GDP growth of 1.6% and a 35% chance of a recession over the next 12 months. Growth... Read more »
A coalition of 34 Democratic senators and representatives submitted a letter this week to President Joe Biden, urging him to direct the U.S. Department of Justice (DOJ) to investigate the pricing practices... Read more »
The U.S. Department of Justice on Friday sued a major real estate firm, alleging the company’s algorithmic software enables landlords across the country to set rent at artificially high rates. The lawsuit,... Read more »
Federal Reserve Chair Jerome Powell left the door open to a future interest rate hike on Wednesday, but most housing professionals are hopeful that the Fed may be done hiking interest rates... Read more »