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inflation

Francisco Santana shops at the Walmart Supercenter in North Bergen, New Jersey, on Feb. 9, 2023. The inflation surge led Santana, a New York City resident, to shift his grocery shopping from local chains to Walmart. (AP Photo/Eduardo Munoz Alvarez)
Mar 31, 2023

Key inflation gauge tracked by the Fed slowed in February

The Federal Reserve's favored inflation gauge slowed sharply last month, an encouraging sign in the Fed's yearlong effort to cool price pressures.

Mar 15, 2023

US wholesale inflation fell in February on lower food costs

Wholesale price increases in the United States slowed sharply in February as food and energy costs declined

A worker organizes items at a Walmart Supercenter in North Bergen, New Jersey, on Feb. 9, 2023. (AP Photo/Eduardo Munoz Alvarez)
Mar 14, 2023

Inflation eases but stays high, putting Fed in tough spot

U.S. consumer price increases eased slightly from January to February but still pointed to an elevated inflation rate that is posing a challenge for the Federal Reserve.

Mar 10, 2023

Another hiring surge: 311,000 jobs despite Fed rate hikes

America’s employers added a substantial 311,000 jobs in February, enough to keep pressure on the Federal Reserve to raise interest rates to fight inflation.

Federal Reserve Chairman Jerome Powell testifies during a Senate Banking Committee hearing on Capitol Hill in Washington on March 7, 2023. (AP Photo/Andrew Harnik)
Mar 8, 2023

Chair says ‘no decision’ on Fed’s next move on interest rates

Federal Reserve Chairman Jerome Powell stressed that the central bank's policymakers have yet to decide how large an interest rate hike to impose.

Mar 7, 2023

Fed chair: Rate hikes could accelerate if economy stays strong

The Federal Reserve could increase the size of its interest rate hikes and raise borrowing costs to higher levels than previously projected, Chair Jerome Powell said.

Federal Reserve Chair Jerome Powell speaks at the Economic Club of Washington at the Renaissance Hotel in Washington on Feb. 7, 2023. (AP Photo/Jess Rapfogel)
Feb 24, 2023

Fed rate hikes likely to cause a recession, research says

Can the Federal Reserve keep raising interest rates and defeat the nation's worst bout of inflation in 40 years without causing a recession? Not according to a new research paper.

Francisco Santana shops at the Walmart Supercenter in North Bergen, New Jersey, on Feb. 9, 2023. The inflation surge led Santana, a New York City resident, to shift his grocery shopping from local chains to Walmart. (AP Photo/Eduardo Munoz Alvarez)
Feb 24, 2023

An inflation gauge tracked by Fed accelerated in January

The Federal Reserve's preferred inflation gauge ticked higher in January, a sign that price pressures remain entrenched in the U.S. economy.

Feb 17, 2023

Fed official: ‘Slow progress’ on inflation, sees more hikes

A top Federal Reserve official downplayed recent signs that the economy is strengthening, but also said he is prepared to keep raising interest rates in smaller increments.

Francisco Santana shops at the Walmart Supercenter in North Bergen, New Jersey, on Feb. 9, 2023. The inflation surge led Santana, a New York City resident, to shift his grocery shopping from local chains to Walmart. (AP Photo/Eduardo Munoz Alvarez)
Feb 16, 2023

Cautious but steady consumers buoying hopes for economy

Defying high inflation and sharp interest rate hikes, Americans keep spending — a trend that could keep the economy humming just enough to help avoid a much-predicted recession.

Feb 15, 2023

CBO projects higher unemployment, slow exit from inflation

The Congressional Budget Office said it expects the U.S. economy to stagnate this year with the unemployment rate jumping to 5.1% — a bleak outlook.

Feb 15, 2023

Retail sales jump as Americans defy inflation and rate hikes

America's consumers rebounded last month from a weak holiday shopping season by boosting their spending at stores and restaurants at the fastest pace in nearly two years.

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