Americans lack confidence in Biden, Powell, Yellen on the economy, Gallup poll shows
Americans lack confidence in President Biden, Federal Reserve Chairman Jerome Powell and Treasury Secretary Janet Yellen on matters related to the economy.
Fed survey signals looming credit crunch after rate hikes, banking turmoil
A new Federal Reserve survey released on Monday shows that a growing number of banks are tightening their lending standards amid higher interest rates.
Americans bracing for higher inflation in the long term, NY Fed survey shows
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.
Silver lining of higher interest rates: Savings account rates
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.
April jobs report likely to point to slowdown in hiring last month
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.
Fed raises interest rates a quarter point, hints at possible pause
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.
Fed likely to hike interest rates again, then signal a pause in its inflation fight
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.
US economy grew 1.1% in first quarter signaling slowdown
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 Fed says a mild recession is in the cards this year. What could that look like?
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.
Wholesale inflation unexpectedly tumbles 0.5% in March, biggest drop in 3 years
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.
Fed expects a 'mild' recession to begin later this year, meeting minutes show
Federal Reserve meeting minutes released Wednesday show that central bank staff expect financial sector upheaval to trigger a recession sometime this year.
Inflation eased in March to 5%, but core prices remain stubbornly high
The Labor Department said the consumer price index showed that inflation cooled last month, but that underlying price pressures remained stubbornly high.
March inflation report likely to show consumer prices remain elevated
Inflation likely remained stubbornly high in March as price pressures continue to squeeze household budgets despite Federal Reserve interest rate hikes.
US inflation expectations jump for first time in months, NY Fed survey shows
A New York Federal Reserve survey published Monday shows that consumers are worried about a potential credit crunch and higher inflation in coming years.
Fed's favorite inflation gauge eases slightly in February, but prices remain high
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.
Will the Fed cut interest rates this year? BlackRock warns it's unlikely
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.
Banking crisis threatens to ignite credit crunch for US households: What to know
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.
Yellen convenes Friday meeting with top US regulators as crisis engulfs banking sector
The Financial Stability Oversight Council met on Friday morning amid continued fallout from a spate of bank failures and fears of a broader financial crisis.
Jerome Powell's favorite bond market gauge flashes recession warning sign
A recession may be in the cards for the U.S. economy, and the Fed could soon cut interest rates, according to Jerome Powell's preferred bond market indicator.
Bill Ackman warns US economy headed for 'train wreck' after latest Fed rate hike
Hedge fund manager Bill Ackman sounds the alarm on the state of the U.S. economy amid a banking crisis and the Federal Reserve's fight against inflation.