The CEOs of the nation’s biggest banks returned to Capitol Hill for a second day Thursday, and Senate Democrats strongly urged them to do more to help and protect their customers, while Republicans questioned whether banks should weigh in on hot-button social issues.
During the first two years of the pandemic, the number of people working from home in the United States tripled, home values grew and the percentage of people who spent more than a third of their income on rent went up, the Census Bureau data shows.
Intensifying its fight against chronically high inflation, the Federal Reserve raised its key interest rate Wednesday by a substantial three-quarters of a point for a third straight time, an aggressive pace that is heightening the risk of an eventual recession.
On Wednesday, Americans may get a better sense of how much could be in store, with economists predicting the Fed’s main interest rate could rise another full percentage point by year’s end.
The Biden administration is moving one step closer to developing a central bank digital currency, known as the digital dollar, saying it would help reinforce the U.S. role as a leader in the world financial system.
Gov. Ned Lamont was on hand Wednesday to kick off construction on a project Windsor Locks officials hope will spur more development in their town: a new train station.
Average long-term U.S. mortgage rates climbed even higher this week, threatening to sideline even more homebuyers from a rapidly cooling housing market.
U.S. inflation slowed for a second straight month on a sharp fall in gas prices, yet excluding energy most other items got more expensive in August.
President Joe Biden is launching a new initiative that could generate more demand in Connecticut’s nascent life science real estate sector.
The last time the Federal Reserve faced inflation this high, in the early 1980s, it jacked up interest rates to double-digit levels – and in the process caused a deep recession. Fed Chair Jerome Powell doesn’t think that will be necessary this time.
Average long-term U.S. mortgage rates jumped again this week, hitting the highest levels in almost 14 years and pushing even more would-be buyers out of the market.
Hackers stole personal data including Social Security numbers, addresses and account numbers of home mortgage holders at KeyBank, the bank reports, in the breach of a third-party vendor that serves multiple corporate clients.
In a state where valuable coastal real estate is increasingly at risk from storms and memories of Superstorm Sandy remain fresh, the prognosis for each year’s hurricane season is a subject of concern.
America’s employers slowed their hiring in August in the face of rising interest rates, high inflation and sluggish consumer spending but still added 315,000 jobs.
Average long-term U.S. mortgage rates rose to their highest level in two months this week, providing no relief for a slumping housing market.
The Federal Reserve’s new real-time payments system known as FedNow is expected to go live as early as May 2023, a Fed official said Monday.
Federal Reserve Chair Jerome Powell delivered a stark message Friday: The Fed is resolutely focused on taming the highest inflation in four decades.
The CEO of Bank of America said the recent debate over whether the U.S. economy is technically in a recession or not is missing the point.
Slightly fewer Americans filed for unemployment benefits last week as the labor market continues to stand out as one of the strongest segments of the U.S. economy.
The U.S. housing market has gone from red-hot to decidedly tepid since the spring, though you wouldn’t know it by this summer’s sharp rebound in homebuilder’s stocks.
