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Inflation slows to 6.4%, but price pressures re-emerge
The pace of consumer price increases eased again in January, the latest sign that the high inflation that has gripped Americans for two years is slowing.
Md. Republicans renew push to eliminate gas tax hikes triggered by inflation
Maryland Republicans are again pushing to eliminate an automatic increase in the state’s gas tax tied to inflation.
Fed’s Powell: Strong hiring could force further rate hikes
Federal Reserve Chair Jerome Powell said that the Fed might have to raise its benchmark interest rate higher than it now projects.
An unexpected job surge confounds the Fed’s economic models
The past year’s consistently robust hiring gains have defied the fastest increase in the Fed’s benchmark interest rate in four decades.
Fed announces smaller rate hike, signals more ahead
The Federal Reserve extended its fight against high inflation by raising its key interest rate for the eighth time since March.
Inflation and consumer spending cooled in December
The Federal Reserve's preferred inflation gauge eased further in December, and consumer spending fell.
Federal Reserve, markets in standoff on interest rate hikes
Investors still don’t seem to fully believe what the Fed warns is coming next: higher rates through the end of the year.
Fed official backs smaller hikes, saying inflation easing
A Federal Reserve vice chair said recent reports show high inflation is easing and suggested it was possible that price acceleration may cool without causing significant job losses.
Fed official: Rate hikes have begun to quell inflation
Growing evidence that high inflation is finally easing shows that the Federal Reserve's sharp interest rate hikes are working as intended, a key Fed policymaker said.
Small businesses have long list of challenges to tackle in 2023
Small businesses face a mix of old and new challenges as 2023 begins.
Consumer inflation eased again to 6.5% in December
Rising U.S. consumer prices moderated again last month, bolstering hopes that inflation’s grip on the economy will continue to ease this year.
States banking big bucks as Fed attempts to fight inflation
State governments emerging from the coronavirus pandemic built historic cash surpluses, and many are banking millions off those surpluses as the Fed fights inflation with higher interest rates.
