Retail sales rise in April for first time in 2 months
The Commerce Department reported Tuesday that retail sales climbed 0.4% in April, the first increase since January as consumers picked up their spending.
Is now a good time to buy a house? A record high number of Americans say no
A record low number of Americans think it's a good time to buy a house amid high inflation and rising interest rates, according to a new Gallup survey.
Biden Fed nominee says too little has been done about inflation
The Fed has noted that the job market has a robust supply but warned that if it grew "tight" it might prompt the need for further rate hikes, which the bank is not keen to pursue.
Former Fed president says he wouldn’t raise rates ‘if I were sitting in my old seat’
Former Dallas Fed President and CEO Robert Kaplan called for a "hawkish pause" on rate hikes as they "disproportionately hurt" small and mid-size businesses.
Jobless claims rise sharply to highest level since 2021
Applications for unemployment benefits last week climbed to the highest level since October 2021, the latest evidence the labor market is slowing down.
Wholesale inflation eases to 2.3% in April, lowest level in two years
The Labor Department said Thursday the producer price index climbed just 0.2% in April, a sign that price pressures in the economy are beginning to abate.
April inflation breakdown: Where are prices rising the fastest?
Inflation continued to financially burden millions of U.S. households in April as the cost of things like gasoline, used cars and rent marched higher.
Inflation jumped 0.4% in April as 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.
April inflation report likely to show prices are moderating at 'snail's pace'
Inflation likely remained stubbornly high in April as price pressures continue to squeeze household budgets despite Federal Reserve interest rate hikes.
Fed's Williams warns inflation still too high, will 'take time' to return to 2%
New York Federal Reserve President John Williams said that credit conditions will play a key role in his decision-making for future interest rate hikes.
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 express concern about bank stability in wake of bank failures
Nearly a third of customers have said they were concerned about the stability of the banking system, according to a recent survey by J.D. Power. Here’s what you need to know.
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.
April jobs breakdown: Which industries hired the most workers last month?
The Labor Department reported on Friday that the U.S. economy added 253,000 jobs in April, driven by a flurry of hiring in professional and services sectors.
US job growth beats expectations in April as economy adds 253,000 new positions
The April jobs report released Friday provided a key look at the labor market's health amid the Federal Reserve's aggressive interest rate-hike campaign.
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.
LARRY KUDLOW: Biden's got four to six weeks before the Treasury essentially runs out of money
FOX Business host Larry Kudlow discusses the Treasury's cash position and the possibility of running out of cash by early June.
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.
Jobless claims come in higher than expected ahead of April jobs report
A growing number of workers applied for jobless benefits last week, a sign the labor market is beginning to loosen in the face of higher interest rates.