Inflation rises faster than expected in January as high prices persist
The Labor Department released the closely watched January consumer price index report Tuesday, revealing just how hot inflation was running last month.
Fed rate cuts 'off the menu for now' after hot January inflation report
The odds of the Federal Reserve cutting rates in the first half of 2024 dimmed after the January inflation report came in hotter than expected on Tuesday.
January inflation breakdown: Where are prices still rising the fastest?
Inflation climbed faster than expected in January thanks to an uptick in the cost of rent, electricity and food, according to new Labor Department data.
Monetary, fiscal policy divide pose risks: NABE
The divide between monetary and fiscal policy is starting to worry the nation's top economists even as the U.S. economy shows signs of stabilizing against inflation.
Janet Yellen warns high prices could be here to stay
Treasury Secretary Janet Yellen said Thursday that high prices are unlikely to decline en masse even though inflation has receded sharply in the past year.
Housing demand stalls out as mortgage rates march higher
A key measure of home-purchase applications rose 3.7% last week due to a burst of refinancing among homeowners, according to new data released Wednesday.
Credit card debt smashed another record high at the end of 2023
Credit card debt surpassed another record at the end of December as American consumers continued to rely on their cards to pay for everyday necessities.
Fed's Powell says the 'time is coming' to cut interest rates
Federal Reserve Chair Jerome Powell said Sunday that policymakers are trying to balance the risks between cutting interest rates too late and too soon.
US job growth unexpectedly jumps in January as economy adds 353,000 new positions
The January jobs report released Friday provided a key look at the labor market's health as it continues to confront high interest rates and inflation.
Trump says he wouldn't reappoint Fed Chair Powell: 'He's political'
Former President Donald Trump talks recent stock market gains and the future of Federal Reserve leadership in a preview of his exclusive interview with Maria Bartiromo.
January jobs report expected to show that hiring slowed last month
The January jobs report, due Friday morning, is expected to show the labor market is continuing to moderate due to higher interest rates and inflation.
Layoffs surged 136% in January to second-highest level on record
Layoffs in the U.S. jumped 136% in January as companies battled deteriorating market and economic conditions — and more job cuts could be coming this year.
Fed holds interest rates steady, signals it is not ready to start reducing rates
The Federal Reserve on Wednesday paused its interest-rate hike campaign for the fourth straight time amid growing evidence that high inflation is cooling.
Private sector job growth cools sharply in January to 107,000, worse than expected: ADP
Hiring by private U.S. companies cooled sharply in January, indicating that the labor market is beginning to soften as a result of higher interest rates.
Fed likely to shed light on interest-rate cut timeline at January meeting
The Federal Reserve may shed light on when it will begin to cut interest rates this year amid signs that inflation is moderating faster than expected.
Americans are still worried about high inflation in potential blow to Biden
A new survey published by Gallup found that a majority of Americans say that high inflation is continuing to create financial hardships for their families.
US job openings rise in December to highest level in 3 months
The number of available jobs in the U.S. rose more than expected in December, evidence that the labor market remains strong despite higher interest rates.
US home prices hit a new record high in November
U.S. home prices continued to march higher in November, according to new S&P data, as would-be homebuyers compete for a limited number of homes for sale.
Billionaire bond king questions unemployment data: 'Hard to believe'
State-by-state unemployment numbers aren't matching up with the national rate, "Bond King" Jeffrey Gundlach warns as mass layoffs continue across major companies.
Fed's favorite inflation gauge rose 0.2% in December
The Federal Reserve's favorite measure of tracking inflation rose 0.2% in December after declining the previous month as high consumer prices persist.