Sign In
Free Newsletter
Lower gas prices restrain retail sales in June; underlying momentum remains
Retail sales rose slightly in June as lower gas prices weighed on receipts at service stations, but motor vehicle purchases accelerated and online spending surged.
Consumer inflation moderates; upside risks remain amid renewed Middle East conflict
U.S. consumer inflation slowed more than expected in June as energy prices retreated, but the moderation was insufficient to convince financial markets to take an interest rate increase off the table.
Businesses brace for years of inflation as new costs pile up
American businesses are increasingly convinced that higher inflation is here to stay. Instead of fading, the forces pushing prices higher are multiplying.
Fed report cites ‘stepped-up’ inflation due to tariffs, Iran war, AI buildout
U.S. inflation "stepped up further this spring" as the evolving impact of tariffs, a war-related rise in energy costs, and the booming AI buildout boosted price pressures, the Federal Reserve said.
Fed begins Warsh era by keeping rates on hold, sees one hike later this year
The Federal Reserve held interest rates steady, but policymakers expect a hike in borrowing costs later this year amid growing concerns about inflation.
Consumer inflation posts largest increase in three years in May
U.S. consumer inflation increased at its fastest pace in three years in May as the Middle East conflict raised the price of gasoline and other energy products.
Job market notches third straight month of solid growth in May
The economy posted another month of strong employment gains in May, confirming that the labor market was gaining traction after stumbling last year.
Job openings rise by most in 2 years; hiring weak amid economic uncertainty
U.S. job openings increased by the most in two years in April, but the surge likely overstates the labor market's health.
Inflation posts largest annual increase in three years in April
U.S. inflation increased at its fastest pace in three years in April, driven by higher energy prices due to the Iran war.
Fed minutes show more policymakers were prepared to lay groundwork for rate hike
A growing number of Federal Reserve officials said last month the central bank should lay the groundwork for a possible rate hike.
Warsh clinches Senate approval as next Fed chair as inflation intensifies
The U.S. Senate approved Kevin Warsh as chair of the Federal Reserve, putting him at the helm as the central bank grapples with intensifying inflation.
Consumer prices see biggest annual rise in almost three years as prices increase broadly
U.S. consumer prices rose at a brisk clip for a second straight month in April, resulting in the largest annual increase in inflation in nearly three years.
