Wholesale inflation tumbled 0.5% in December, more than expected
Inflation at the wholesale level fell faster than expected in December as high producer prices begin to moderate, the Labor Department reported on Wednesday.
Inflation eases in December to 6.5%, but prices remain stubbornly high
The Labor Department released new inflation data set on Thursday, revealing just how hot consumer prices ran in December as the Fed tries to cool the economy.
December inflation report likely to show prices eased further but remain high
The CPI likely remained painfully high in December as inflation remains near a 40-year high, continuing to inflict financial pain on millions of Americans.
BlackRock’s CIO Rieder says Fed overtightening ‘dangerous’ to many business sectors
BlackRock’s Chief Investment Officer of Global Fixed Income Rick Rieder sat down with FOX Business on Monday to discuss the likelihood of interest rate hikes from the U.S. Federal Reserve in 2023
Jerome Powell warns Fed's inflation fight could spark political opposition
Fed Chairman Jerome Powell on Tuesday said that raising interest rates to slow the economy and cool high inflation can prove to be politically unpopular.
Americans see inflation cooling further over the next year, NY Fed survey shows
U.S. households are becoming more optimistic about inflation, with consumers seeing prices falling to 5% one year from now, the lowest level since July 2021.
US faces increased stagflation threat in 2023 after wave of government spending
The U.S. economy could face a 1970s-style stagflation crisis in 2023 as it confronts still-high inflation, rising unemployment and slow economic growth.
Fed officials expect to keep interest rates elevated for 'some time,' minutes show
Minutes from the Federal Reserve's December meeting show that policymakers expect to continue raising rates in 2023 – and keep them elevated for "some time."
US headed for recession and another inflation spike in 2023, famed investor Michael Burry says
The U.S. economy is likely poised to tumble into a recession and experience another inflation surge in 2023, according to hedge fund investor Michael Burry.
US new home sales unexpectedly increase in November for second straight month
Mortgage rates have more than doubled over the past year, pushing many prospective homebuyers out of the market, even as home prices remain near a record-high.
Fed's preferred inflation gauge cooled in November, but prices remained stubbornly high
Inflation showed signs of cooling last month, a welcoming sign for the Federal Reserve as it tries to cool consumer prices with higher interest rates.
US economy faces turbulent 2023 as recession fears grow
The U.S. economy is likely headed for a recession in 2023 as a result of the Federal Reserve's fight to kill inflation with steep interest rate hikes.
Dow plunges in perfect storm for stocks
Investors got a second-day jolt with the economy slowing as prices and interest rates are expected to keep rising. The Federal Reserve hiked rates by 50 basis points on Wednesday.
Fed slows interest rate increases with 50-basis-point hike, but signals more to come
The Federal Reserve enacted its seventh consecutive interest rate hike this year as it attempts to cool inflation without triggering an economic recession.
Fed likely to slow interest rate hikes at final meeting of the year
High inflation will likely keep the Fed on track to continue raising interest rates well into 2023 as policymakers try to crush stubbornly high prices.
November inflation breakdown: Where are prices rising the fastest?
Inflation continued to hover near a 40-year high last month, squeezing Americans in the form of higher prices for basic necessities like groceries and rent.
November inflation report likely to show prices moderated but remain painfully high
The consumer price index likely surged again in November as inflation remains near a 40-year high, continuing to inflict financial pain on millions of Americans.
Americans' inflation expectations eased in November to lowest since 2021, NY Fed survey shows
The New York Federal Reserve released a closely watched survey on Monday revealing that Americans' inflation expectations declined in the short term and long term.
Fed to keep interest rates high all next year, making a recession very likely: Survey
High inflation will likely keep the Fed on track to continue raising interest rates well into 2023 as policymakers try to crush stubbornly high prices.
Mortgage rates decrease for a fourth week
The average long-term U.S. mortgage rate fell for the fourth week in a row and has fallen more than three-quarters of a point since hitting a 20-year high last month, according to mortgage packager Freddie Mac.