Federal Reserve

Private companies onboarded 239,000 new workers in October despite growing concerns that the Federal Reserve will trigger a recession with its war on inflation.

Traders will be watching Wednesday for an expected interest rate hike from the Federal Reserve and comments from Chairman Jerome Powell, and multiple labor-related and earnings reports.

The Fed is expected to increase the benchmark federal funds rate by 75 basis points at the conclusion of its meeting on Wednesday in order to fight inflation.

American consumers could soon pay more to heat their home as the cost of diesel – the fuel used for trucking – surges amid the worst supply crunch in decades.

Former Kansas City Federal Reserve president Thomas Hoenig says the Fed should be "very careful" to "not signal" their next move at Wednesday's meeting.

The Federal Reserve is acting with a "disregard" for Americans' lives as it tries to crush inflation, even at the cost of higher unemployment, Democrats say.

The Labor Department reported on Tuesday that there were 10.7 million job openings at the end of August, higher than economists expected as the labor market remains tight.

American voters are extremely focused on the inflation and the economy in the run-up to the midterm elections, a potential boon to Republican candidates.

FOX Business host Larry Kudlow laid out the price surge under the Biden Administration and the impact it's having on the midterms on 'Kudlow.'

The Federal Reserve is unlikely to back away from its inflation fight soon, according to a new survey of Bloomberg economists, who see rates climbing above 5% by 2023.

Sales of previously owned homes tumbled in September as home ownership became increasingly unaffordable for many prospective buyers thanks to higher mortgage rates.

Inflationary pressures in the economy remain strong, a worrisome sign for the Federal Reserve as it tries to crush runaway prices without triggering a recession.

Inflation may take some time to normalize, according to former Treasury Secretary Larry Summers, who pointed to the history of developed nations since the 1970s.

GDP increased in the third quarter of 2022 following two consecutive decreases, but some experts have said it's not likely to last.

The U.S. economy grew in the third quarter, but the turnaround is largely due to a narrowing trade deficit, which does little to dispel fears of a recession.

The GDP report out Thursday morning is likely to show that economic growth rebounded in the third quarter, but economists are still bracing for a recession.

The housing market could slow even further this year, according to one economist, who expects prices to tumble 20% as mortgage rates crush consumer demand.

JPMorgan CEO Jamie Dimon and Goldman Sachs CEO David Solomon revived their warnings about the U.S. economy during Saudi Arabia's investment conference in Riyadh.

Mortgage rates have more than doubled over the past year, pushing many prospective homebuyers out of the market, even as home prices remain near a record-high.

Deutsche Bank strategists warned this week that more than 4 million Americans could lose their jobs as a result of the Federal Reserve's war on inflation.