Inflation hits fresh 40-year high in May with consumer prices surging 8.6%
The May consumer price report, released on Friday, sheds light on whether inflation is peaking, or whether consumers will continue to face rising costs in coming months.
Inflation likely remained scorching hot in May
The May inflation report is expected to show that consumer prices accelerated again last month, with soaring consumer prices continuing to inflict financial pain on most Americans.
Beast underneath market surface yet to 'rear its ugly head’: Bear Traps Report founder
The Bear Traps Report founder told Maria Bartiromo that the marks on private equity and venture capital could potentially be off by $600 billion.
Is the US economy on the brink of recession? Fed GDP tracker says yes
The Federal Reserve Bank of Atlanta's closely watched GDP tracker shows that GDP growth likely cooled markedly in the spring, meaning the economy could easily tip into a recession.
Solid May job growth seals the deal for more mega-sized Fed rate hikes
The Labor Department's May jobs report came in better than expected, paving the way for a series of half-point rate hikes at upcoming Federal Reserve meetings.
US economy will slow markedly but dodge a recession as Fed hikes rates, Goldman predicts
The Federal Reserve may successfully engineer a "soft landing," and bring inflation down without causing a recession, according to Goldman Sachs economists.
What the next economic recession could look like
The Federal Reserve may trigger a recession with its war on inflation, but economists think the downturn will be a mild one.
May jobs report expected to show hiring waned as White House warned
The Labor Department's May jobs report is expected to show that while payroll growth continued at a modest pace, it slowed markedly from previous months.
Fed's Beige Book reports US economy slowing in some areas as inflation roars
The Federal Reserve said in a new report Wednesday that inflationary pressures, a labor shortage and supply chain bottlenecks continued to weigh on businesses.
Fed starts shrinking $8.9T balance sheet to combat sky-high inflation
Federal Reserve officials will begin winding down their massive balance sheet on Wednesday at a combined monthly pace of $47.5 billion.
Biden vows Fed independence ahead of meeting with Powell over inflation battle
President Biden and Federal Reserve Chairman Jerome Powell will focus on the U.S. economy, particularly soaring inflation, during a rare White House meeting on Tuesday.
US consumers expect high inflation to persist this year, NY Fed survey shows
A New York Fed survey shows that most U.S. households think the high inflation environment will not fade over the next 12 months.
Fed's preferred inflation gauge rose 4.9% in April, still near 40-year high
The Fed's preferred gauge to track inflation climbed 4.9% in April from the previous year, close to the highest level since 1983.
Fed minutes suggest interest rate hikes could come faster than the market expects
The Federal Reserve released minutes from its May meeting, which showed that policymakers are prepared to move more rapidly to raise rates than the market may expect.
When will the stock market hit bottom? Goldman says watch for this signal
Stock equities are likely to see further losses, according to Goldman Sachs strategists, until the Federal Reserve signals that interest rate hikes are coming to an end.
What is a soft landing, and why does the Fed keep talking about it?
The Federal Reserve faces a new challenge as it tries to tame inflation and cool consumer demand, without inadvertently triggering an economic recession.
Ben Bernanke assesses the Fed, Powell and inflation
Former Federal Reserve Chairman Ben Bernanke draws from his own experience in handling the financial crisis of 2007-2009 as current Chairman Powell faces his own as inflation rages.
Former Fed Chair Bernanke says inflation today isn't 'anywhere near' 1970s price spike
Ben Bernanke, the former Federal Reserve chairman, said the inflation spike that Americans are experiencing today is very different from that of the 1970s.
Is a recession coming? Signs the economy is beginning to crack
Wall Street is increasingly convinced that the Federal Reserve is going to drag the economy into a recession with its war on inflation.
White House admits stock market 'not something we keep an eye on every day'
White House press secretary Karine Jean-Pierre said Wednesday that the stock market, which continues to witness erratic trading amid soaring inflation, is not something the White House tends to “keep an eye on every day.”