Federal Reserve

Layoffs in the U.S. rose 9% in February as companies battled deteriorating market and economic conditions — and more job cuts could be coming this year.

Federal Reserve Chairman Jerome Powell said during congressional testimony on Wednesday that the central bank is in no rush to start cutting interest rates.

Private sector job growth rose in February but growth came in slightly under expectations, pointing to a still "dynamic" labor market, according to ADP.

The U.S. economy could be headed toward a "stagflation" scenario, which is characterized by soaring consumer prices as well as high unemployment rates.

Half of loan or financial product applications have been denied since the Federal Reserve started hiking interest rates two years ago, according to a new study.

Former Federal Reserve Bank of St. Louis President and CEO James Bullard discusses how the PCE got its reputation within the Fed and Powell's fight to tame inflation.

Credit card debt and consumer debt as a whole is growing, but interest rates are predicted to drop this year.

The number of Americans applying to receive unemployment benefits unexpectedly ticked higher by 13,000 last week, according to new Labor Department data.

A key measure of home-purchase application plummeted more than 5% last week as mortgage rates continued to hover over 7%, crushing demand among buyers.

U.S. home prices continued to march higher in December, according to new S&P data, as would-be homebuyers compete for a limited number of homes for sale.

JPMorgan Chase strategists warned in a note to clients that the U.S. economy faces heightened risk of returning to a 1970s-style stagflation scenario.

The U.S. economy will see another solid year of growth in 2024, according to a new survey published by the National Association for Business Economics.

Republican lawmakers are doubling down on their opposition to a central bank digital currency, arguing the federal government could use it to spy on Americans’ financial activity.

Minutes from the Federal Reserve's January meeting show that officials are worried about the risks of cutting rates too soon amid still-high inflation.

Total interest on the national debt is poised to become the priciest part of the federal budget, outstripping spending on Medicare and Social Security.

Federal Reserve vice chair for supervision Michael Barr said the Fed's supervisors are working with banks to manage commercial real estate risk amid the high interest rate environment.

The Labor Department on Friday said the producer price index climbed faster than expected in January, underscoring the difficulty of taming high inflation.

A growing number of older Americans are choosing to age in place rather than downsize their homes, which is contributing to a nationwide housing shortage.

Inflation has fallen considerably from the highs of mid-2022, but price gains are still costing Americans an extra $213 a month compared to last year.

U.S. stocks took a beating after a hotter than-expected-inflation report sent investors scrambling and questioning whether future rate cuts are now off the table.