Federal Reserve

The Federal Reserve needs to remain steadfast in its fight against inflation or risk plunging the economy into a 1970s-style crisis, Larry Summers said.

Sales of previously owned homes fell 1.5% in December from the prior month due to higher mortgage rates, according to the National Association of Realtors.

High inflation has shown early signs of moderating, giving the Fed the space to slow its interest rate increases, according to vice chair Lael Brainard.

Bank of America Chairman and CEO Brian Moynihan discusses how a mild recession could impact housing, labor and energy sectors from the World Economic Forum.

Applications for U.S. unemployment benefits tumbled to a four-month low last week even as the Fed tries to slow the economy and cool the labor market.

The Federal Reserve's Beige Book, which monitors businesses' sentiments, is full of pessimistic outlooks on the economy driven by high inflation and slow growth.

The Fed announced on Wednesday that its chairman, Jerome Powell, has tested positive for COVID-19 and that the 69-year-old is experiencing "mild symptoms."

Inflation at the wholesale level fell faster than expected in December as high producer prices begin to moderate, the Labor Department reported on Wednesday.

Illinois Gov. J.B. Pritzker told the World Economic Forum Tuesday he expects it will be "a very long time" before inflation in the U.S. returns to the 2% target rate.

Investors' allocation to U.S. stocks tumbled in January to the lowest level since 2005, according to a new Bank of America survey published on Tuesday.

Inflation eased in December, but interest rates are likely to increase a few more times in 2023. However, the rate of increase could slow, one Fed official says. Here's what it means for you.

Pulte Capital CEO Bill Pulte and Thor Equities CEO Joe Sitt explain why U.S. real estate is headed towards "big trouble" in 2023 and could put "a lot of things to a stop."

DoubleLine Capital CEO and "The Bond King" Jeffrey Gundlach spotlights "very substantial problems" putting U.S. markets, the economy and national security down an "appalling" path.

CEO of New York City supermarket chain Gristedes John Catsimatidis discusses the impact of inflation and oil prices.

Research by the Heritage Foundation found the average American household has lost the equivalent of $7,400 in annual income due to inflation and high interest rates.

The Labor Department released new inflation data set on Thursday, revealing just how hot consumer prices ran in December as the Fed tries to cool the economy.

The CPI likely remained painfully high in December as inflation remains near a 40-year high, continuing to inflict financial pain on millions of Americans.

As the Mega Millions jackpot tops $1.1 billion amid a trend of giant prizes, gamblers can thank the Federal Reserve for indirectly impacting the purse

Credit card debt is affecting many Americans as they deal with high inflation, and many are carrying their balances from month-to-month. Here’s how to pay down credit card debt quickly.

Fed Chairman Jerome Powell on Tuesday said that raising interest rates to slow the economy and cool high inflation can prove to be politically unpopular.