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…
by Julie Jaggernath Have you ever been surprised to find a dust bunny lurking in a corner? While it’s easy any time of year to clean them up once we spot them, we don’t look…
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…
Amanda Gomez submitted hundreds of rental applications for an apartment in Harlem, New York, last year. Most were met with silence. Fifteen, however, were outright rejected. When she subsequently noticed the same apartments relisted five or six times, Gomez suspected racial discrimination. In 2024, housing discrimination complaints filed with the…
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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…
