The Labor Department said the consumer price index showed that inflation cooled last month, but that underlying price pressures remained stubbornly high.

Inflation likely remained stubbornly high in April as price pressures continue to squeeze household budgets despite Federal Reserve interest rate hikes.

New York Federal Reserve President John Williams said that credit conditions will play a key role in his decision-making for future interest rate hikes.

Americans lack confidence in President Biden, Federal Reserve Chairman Jerome Powell and Treasury Secretary Janet Yellen on matters related to the economy.

A new Federal Reserve survey released on Monday shows that a growing number of banks are tightening their lending standards amid higher interest rates.

A New York Federal Reserve survey released Monday shows consumers are bracing for inflation to remain above the central bank's 2% target in the long term.

High-yield savings accounts are offering attractive returns to some savers after the Federal Reserve hiked interest rates to the highest level in 16 years.

The Labor Department's April jobs report is expected to show that the U.S. economy added 180,000 jobs last month, the smallest gain in more than two years.

The Federal Reserve on Wednesday voted to raise interest rates for the 10th straight time but indicated that an end is in sight for its tightening cycle.

The Federal Reserve is expected to hike interest rates for the 10th time amid signs the economy is slowing and once red-hot inflation is starting to cool.

Gross domestic product for the first quarter is signaling the U.S. economy is facing headwinds as consumers pull back spending and companies lay off thousands of workers.

The Federal Reserve's own staff are predicting a "mild" recession this year, but that could still mean plenty of pain for the stock and labor markets.

The Labor Department said Thursday the producer price index tumbled 0.5% in March, evidence that price pressures in the economy are beginning to abate.

Federal Reserve meeting minutes released Wednesday show that central bank staff expect financial sector upheaval to trigger a recession sometime this year.

The Labor Department said the consumer price index showed that inflation cooled last month, but that underlying price pressures remained stubbornly high.

Inflation likely remained stubbornly high in March as price pressures continue to squeeze household budgets despite Federal Reserve interest rate hikes.

A New York Federal Reserve survey published Monday shows that consumers are worried about a potential credit crunch and higher inflation in coming years.

A key inflation measure came in softer than expected in February, although the price index remains about three times higher than the pre-pandemic average.

The Federal Reserve has made it clear that a banking sector crisis will not force its hand on interest rate cuts in 2023, according to BlackRock analysts.

Upheaval within the banking sector has raised the risk of a "credit crunch" in the U.S., which would make lending standards drastically more restrictive.