A new report from the Bank of America Institute finds that American consumers are spending more on their hobbies but are facing higher prices for…
The Federal Reserve’s first interest rate hike in more than three years is likely to increase borrowing costs for many consumers, particularly those carrying variable-rate debt such as credit cards and home equity lines of…
Costco on Thursday said it received $184 million in tariff refunds in the company’s fourth quarter, the majority of which were reinvested into lower pricing for members shopping at the retail giant’s warehouses. The big box retailer said that the lower pricing from tariff refunds was applied to a range…
Curbing the federal government’s roughly $2 trillion budget deficit would help reduce the affordability challenges American households are facing, a new analysis finds. The nonpartisan Committee for a Responsible Federal Budget (CRFB) published a report on Wednesday detailing how reducing the federal budget deficit over both the near- and long-term…
Canada’s push to expand its economic relationships around the world should not be mistaken for a retreat from the U.S., a leading Canadian business voice told FOX Business, warning that continued uncertainty over North American trade risks creating a “capital chill” that could weigh on investment. Goldy Hyder, president and…
Mortgage rates rose to more than 7% for the first time since January 2025, mortgage buyer Freddie Mac said Thursday. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage rose to 7.03% from last week’s reading of 6.95%.The average rate…
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This story about the September 2026 FOMC meeting will be updated with further details. The Federal Reserve on Wednesday raised its benchmark interest rate for the first time in over three years amid concerns over stubborn…
