The Federal Reserve's favored inflation gauge slowed sharply last month, an encouraging sign in the Fed's yearlong effort to cool price pressures.
Wholesale price increases in the United States slowed sharply in February as food and energy costs declined
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.
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 stressed that the central bank's policymakers have yet to decide how large an interest rate hike to impose.
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.
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.
The Federal Reserve's preferred inflation gauge ticked higher in January, a sign that price pressures remain entrenched in the U.S. economy.
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.
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.
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.
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.