Stocks dropped Tuesday, giving the S&P 500 its biggest decline in two months, on strengthening views the Federal Reserve may raise rates as early as June.
Some of the worst-hit stocks were utilities and REITs, as they are high-yielding investments that would look less attractive after a rate hike.
The Fed says the economy was growing at a moderate pace through mid-February despite severe winter storms that had disrupted activity in some regions.
Great deals on balance transfers and low-interest credit cards will evaporate once the Federal Reserve raises rates.
Stocks ended higher Tuesday, with the Dow and S&P 500 closing at record levels following testimony by Federal Reserve Chair Janet Yellen on Capitol Hill.
The economy is making steady progress, but the Fed remains patient in raising interest rates, Federal Reserve Chair Janet Yellen tells Congress.
Federal Reserve policymakers expressed concern last month that raising interest rates too soon could pour cold water on the U.S. economic recovery.
The Federal Reserve is reiterating that it will be patient in raising rates from record lows but is signaling concern about excessively low inflation.
Average U.S. mortgage rates started the year by falling to new lows, with the benchmark 30-year rate marking its lowest level since May 2013.
Stocks rebound from five straight sessions of losses after strong private sector jobs data and minutes from the Fed's recent meeting reassure investors.
Stocks edged lower Wednesday as minutes from the most recent Federal Reserve meeting gave investors few new clues as to when U.S. interest rates may rise.
Applications for U.S. home mortgages fell last week as interest rates rose, the Mortgage Bankers Association reports.
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Average long-term mortgage rates arrested their five-week decline this week but the benchmark 30-year loan remained below 4 percent, Freddie Mac says.
The Fed plans to keep a key interest rate at a record low to support a job market that isn't yet healthy and help lift inflation from unusually low levels.
The global economy has stumbled, and financial markets have been volatile. But that doesn't mean the Federal Reserve plans any major policy shifts.
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SolarCity is marketing bonds to yield-hungry investors. Before you buy, understand the potential dark clouds of corporate bonds.
Anna amassed $12,000 of credit card debt while unemployed, but she successfully turned her finances around later with a little help from balance transfers.
Just a day after the market had its best day of 2014, it had its worst. The Dow plunged 334 points as fear about the global economy sent investors fleeing.
Wall Street had its best day of the year, Wednesday, erasing a steep loss from the day before. Investors were reacting to minutes from the Fed's latest policy meeting.