Federal Reserve – Page 9 – One America News Network

People walk around the Financial District near the New York Stock Exchange (NYSE) in New York, U.S., December 29, 2023. REUTERS/Eduardo Munoz/File Photo

US business activity at nine-month low in January; hiring accelerates

Firms reported boosting hiring, supporting the Federal Reserve’s cautious approach to cutting interest rates this year.

SAN RAFAEL, CALIFORNIA - AUGUST 07: A sign is posted in front of a home for sale on August 07, 2024 in San Rafael, California. According to a report by Zillow, 30-year fixed mortgage rates have dropped 31 basis points to 6.06% while the 30-year fixed refinance rate has dropped 1.15% to 5.98%. (Photo by Justin Sullivan/Getty Images)

Report: Mortgage Rates Surpass 7% For First Time Since May

According to a new report, mortgage rates increased this week, going above 7% ━ adding more pressure to the housing market.

The Federal Reserve building in Washington, U.S., January 26, 2022. REUTERS/Joshua Roberts//File Photo

S&P 500, Nasdaq fall as investors scale back bets on Fed rate cuts in 2025

Stocks dropped on Monday, with the benchmark S&P 500 at a two-month low as bond yields surged after robust payroll numbers last week.

Signage for a job fair is seen on 5th Avenue after the release of the jobs report in Manhattan, New York City, U.S., September 3, 2021. REUTERS/Andrew Kelly/File Photo

US weekly jobless claims fall to 11-month low as labor market remains stable

The number of Americans filing new applications for unemployment benefits fell to an 11-month low last week, pointing to a stable labor market.

A street sign marks Wall Street outside the New York Stock Exchange (NYSE) in New York City. REUTERS/Caitlin Ochs/File Photo

Wall St rises in first trading session of 2025; Tesla slides

Wall Street’s main indexes rose in the first trading session of 2025 as investors pinned their hopes on a fresh political landscape and more interest rate cuts.

SAN ANSELMO, CALIFORNIA - FEBRUARY 07: In this photo illustration, Visa credit cards are displayed on February 07, 2024 in San Anselmo, California. According to a report by the Federal Reserve Bank of New York, credit card debt in the United States has reached $1.13 trillion. (Photo Illustration by Justin Sullivan/Getty Images)

Credit Card Defaults At Highest Level Since Great Recession In 2008

According to the Financial Times, U.S. credit card defaults increased to their highest level since the start of the 2008 Great Recession, which is a telling sign that lower-income Americans are struggling after dealing with years of high inflation.