CNBC Economy

The Federal Open Market Committee released its decision on interest rates Wednesday, with markets expecting a three-quarter point hike.

Federal Reserve Chair Jerome Powell said Wednesday the central bank could raise interest rates by a similar magnitude at the next policy meeting in July.

Builder sentiment is getting hit by higher interest rates, which are causing a slowdown in housing demand.

The Fed announced its highest rate hike in 28 years to fight inflation. Here's how that impacts your credit card, mortgage, car loan, student debt and savings.

Consumers may not be looking forward to higher interest rates while they're paying more for necessities. Here's how raising rates helps inflation.

This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting on May 4.

The Federal Reserve on Wednesday is expected to do something it hasn't done in 28 years — increase interest rates by three-quarters of a percentage point.

Experts argue that monetary policies have limits on what they can achieve against an impending recession.

Advance retail and food service spending fell 0.3% for the month, below the Dow Jones estimate for a 0.1% gain.

Sharply rising interest rates are decimating refinance volume, and those rates, along with sky-high home prices, are hitting demand from buyers.

Markets are beginning to anticipate an even faster pace of rate hikes, and Fed officials apparently will satisfy growing expectations.

Wholesale prices rose at a brisk pace in May as inflation pressures mounted on the U.S. economy, the Bureau of Labor Statistics reported.

Consumer expectations for inflation and spending in the year ahead both hit record levels in May, the New York Federal Reserve reported Monday.

The case that a recession is looming over the U.S. got stronger Friday amid blistering inflation and historic lows in consumer sentiment.

The consumer price index for May was expected to increase 8.3% from a year ago, according to Dow Jones estimates.

Tackling runaway inflation won't be easy and it won't be quick, and it may carry a steep price tag that is just beginning to be paid.

First-time filings for the week ended June 4 totaled 229,000, well ahead of the 210,000 Dow Jones estimate.

Mortgage demand continues to fall as interest rates rise further and affordability in the housing market weakens.

The Atlanta Fed's GDPNow tracker is now pointing to an annualized gain of just 0.9% for the second quarter.

Two years of rapidly rising home prices have pushed the nation's collective home equity to new highs.