Jerome Powell

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.

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.

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.

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."

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.

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.

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.

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.

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.

The Federal Reserve enacted its seventh consecutive interest rate hike this year as it attempts to cool inflation without triggering an economic recession.

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.

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.

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.

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.

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.

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.

FOX Business host Larry Kudlow dives into the November jobs report, the Federal Reserve's economic plans and Democrats' omnibus spending bill supposedly with Republican leadership support on 'Kudlow.'

The Labor Department's November jobs report provided a key snapshot of the labor market's health amid growing fears that the U.S. is headed for a recession.

New York Federal Reserve President John Williams detailed the widespread initiatives that the Fed has taken to combat the U.S.'s sky-high inflation rates.

Inflation could see a "pretty significant" decline next year, but New York Fed President John Williams said interest rates still need to rise further.