Federal Reserve

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.

The U.S. Labor Department said Friday that wholesale inflation, as measured by the producer price index, posted the first increase in 13 months in July.

Credit card debt increased to a record high in the second quarter as total household debt reached $17.06 trillion. And the Fed’s interest rate hikes to lower inflation could impact what consumers pay for credit. But there are multiple ways to pay off high-interest debt.

The Labor Department said the consumer price index showed that inflation ticked higher in July as price pressures in the economy remained abnormally high.

The Labor Department on Thursday will release new July consumer price index data, which is expected to show inflation posted a surprise increase last month.

Credit card debt surpassed $1 trillion for the first time ever in June as American consumers continued to rely on their cards to cover everyday expenses.

Employment increased by 187,000 jobs in July, indicating a slower increase from last month. But despite a slowing in job growth and inflation, the Fed may keep raising interest rates this year.

In July, the unanimous decision by the Fed to raise interest rates put the key benchmark federal funds rate at a range of 5.25% to 5.5%, further restricting economic activity.

The Labor Department says job openings fell to 9.6 million in June, the lowest since April 2021 but well above pre-pandemic levels in a sign the job market remains tight.

The Federal Reserve is increasingly optimistic about achieving a "soft landing" and avoiding a deep recession, but Americans' dwindling pandemic savings could dampen consumer spending.

Minneapolis Fed President Neel Kashkari said Sunday that Fed policymakers are increasingly hopeful of achieving a "soft landing" that tames inflation without causing a deep recession.

The Federal Reserve announced another 25 basis point interest rate hike on Wednesday following its June pause.

The Dow Jones Industrial Average wrapped a 13-day winning streak, a run not seen since 1987, after Federal Reserve hiked interest rates to a 22-year high.

The Federal Reserve delivered another interest rate hike on Wednesday, raising rates to the highest level since 2001 as it tries to crush high inflation.

Interest rate watchdog Jim Grant explains how the Fed's rate trajectory will cause "deep unrecognized losses" with market volatility and deep-set inflation.

Home prices climbed for the fourth straight month in May despite high mortgage rates, according to the S&P CoreLogic Case-Shiller index released Tuesday.

The Federal Reserve is expected to raise interest rates for the 11th time at the end of its meeting Wednesday as it continues its fight against inflation.

A majority of business economists believe the odds of a recession within the next 12 months are at 50% or less, according to a survey published by NABE.

Interest rates have impacted the finances of 61% of Americans, an Allianz survey found. Some experts predict the Fed will raise interest rates again in July as inflation has not cooled to its target range.

The U.S. housing market could take years to recover from the recent spike in mortgage rates, with property prices expected to fall at least 2.4% next year.