What is a rolling recession, and is the US economy in one?
The economy is sending mixed messages about its health, with one expert dubbing the phenomenon a "rolling recession" where sectors take turn contracting.
Marathon earnings, CPI and Fed speeches top week ahead
An Apple artificial intelligence event as well as earnings from Biogen, Cisco Systems and Marriott Hotels set the stage for a busy week on Wall Street.
Used-car prices unexpectedly spike again as inflation fears return
Used-vehicle prices rose in January at the fastest monthly pace since 2021, a sign that underlying inflationary pressures in the economy remain strong.
Jamie Dimon warns it's too early to declare victory against inflation
The Federal Reserve may be forced to raise interest rates higher than expected if high inflation persists, according to JPMorgan Chase CEO Jamie Dimon.
Inflation has cooled, but recession fears remain: First National Bank of Omaha
Inflation has been cooling in recent months, but studies have reported that it’s still a concern for many Americans. Meanwhile, some experts debate whether a recession will occur in 2023. Here’s how to pay down debt quickly in a volatile economy.
Fed officials signal interest rates may need to go higher than expected
The stronger-than-expected January jobs report has prompted some Federal Reserve officials to say that interest rates may need to go higher than projected.
Fed’s Williams says restrictive policy needed for a few years to bring down inflation
The New York Fed president on the central bank’s efforts to bring down inflation using interest rate hikes and scenarios where high prices could be persistent.
Most expected recession of all time being mitigated by anticipation: Billionaire investor Ken Fisher
Fisher Investments founder Ken Fisher explained why 2023 is shaping up to be a great year for Wall Street and why the U.S. economy is unlikely to fall into a recession.
The Fed, Biden using the '70s inflation 'playbook' to solve supply problem, market expert says
Is inflation's rocky landing inevitable with a "relatively clueless" Federal Reserve and Biden administration? Federated Hermes CIO Stephen Auth weighs in.
Fed's Powell says blowout jobs report shows inflation fight has a ways to go
Additional interest rate hikes are on the table in coming months as U.S. inflation is still too high, according to Federal Reserve Chairman Jerome Powell.
Economist who called 2008 housing crash predicts another 15% drop in home prices
The U.S. housing market will likely see further price drops as result of low affordability and growing inventory, according to economist Ian Shepherdson.
Bank of America 'still forecasting' 2023 recession: Fed action 'not enough,' exec warns
Bank of America Vice Chairman Keith Banks warns as the economy slows and margins get squeezed, costs will grow faster than revenues.
US economy could see 'second chapter' in pandemic price surge
Another inflation spike could take hold in the U.S. economy as a result of China reopening its economy from COVID-19 lockdowns, according to one analyst.
Job growth surges in January, reversing slowdown trend of past months
January's jobs report showed a big jump in growth following months of registering slight declines. Here's what that means for you.
US job growth unexpectedly surges in January as economy adds 517,000 new positions
The Labor Department's January jobs on Friday report provided a snapshot of the labor market's health amid the Fed's aggressive interest rate-hike campaign.
January job growth expected to slow as companies put the brake on hiring
The Labor Department's January jobs report will shed light on the health of the labor market in the first month of 2023 when it is released on Friday.
Majority of workers regret quitting during 'great resignation'
Workers who quit their jobs during the "great resignation" now regret the decision, finding they miss their work friends and a healthy work-life balance.
Ex-FDIC chairman warns the Fed has a credibility problem: They're 'talking tough, but words are not enough'
Former FDIC Vice Chairman Thomas Hoenig discusses how the Federal Reserve has a credibility problem following the January meeting and Chairman Powell's comments.
Fed raises rates 25 basis points in first meeting of 2023
The Federal Reserve announced a highly anticipated interest rate increase of 25 basis points at its February meeting. Here's what it means for your wallet.
Fed raises interest rates by a quarter point but signals inflation fight's not over
The Federal Reserve on Wednesday enacted its eighth consecutive interest rate hike as it attempts to cool inflation without triggering an economic recession.