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.
Maryland Republicans are again pushing to eliminate an automatic increase in the state’s gas tax tied to inflation.
Federal Reserve Chair Jerome Powell said that the Fed might have to raise its benchmark interest rate higher than it now projects.
The past year’s consistently robust hiring gains have defied the fastest increase in the Fed’s benchmark interest rate in four decades.
The Federal Reserve extended its fight against high inflation by raising its key interest rate for the eighth time since March.
The Federal Reserve's preferred inflation gauge eased further in December, and consumer spending fell.
Investors still don’t seem to fully believe what the Fed warns is coming next: higher rates through the end of the year.
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.
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 face a mix of old and new challenges as 2023 begins.
Rising U.S. consumer prices moderated again last month, bolstering hopes that inflation’s grip on the economy will continue to ease this year.
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.