Many Americans are hitting the road to celebrate Memorial Day this weekend for the first time in three years, but high prices for travel and food loom this weekend.
The odds of an economic downturn in the United States over the course of the next 12 months are somewhere between 35% and 40%, according to economist Greg Daco.
Former Trump senior economic adviser Steve Moore on the impact of inflation despite Americans spending money and traveling ahead of Memorial Day weekend.
The baby formula crisis is expected to grow worse before it gets better according to new data. The out-of-stock rate for formula rose to 70% nationwide last week.
Former Trump Council of Economic Advisers Chairman Kevin Hassett calls dismissing the probability of a recession a "mistake," arguing the U.S. is in one if GDP comes in negative again.
AAA told FOX Business Friday Americans will continue to travel for Memorial Day weekend despite high gas prices but with do so with ‘behavioral changes.’
A New York Fed survey shows that most U.S. households think the high inflation environment will not fade over the next 12 months.
United Arab Emirates Minister of Economy H.E. Abdullah bin Touq Al Marri said Economic World Forum leaders want to create a "more resilient" global economy that can "take more hits."
The Fed's preferred gauge to track inflation climbed 4.9% in April from the previous year, close to the highest level since 1983.
Here are the key events taking place on Friday that could impact trading, including income and spending numbers, as well as consumer sentiment.
Thursday estimates from the Census Bureau revealed population loss in eight of the 10 largest U.S. cities during the first year of the deadly coronavirus pandemic.
The Heritage Foundation energy economist Nick Loris told "Cavuto: Coast to Coast" how inflation is deeply impacting Americans ahead of the summer season.
Economists are becoming increasingly concerned about a potential recession after the GDP contracted more than previously estimated in the first quarter of 2022.
Former Philadelphia Federal Reserve President Charles Plosser argued, Thursday, that the central bank should have acted sooner to curb soaring inflation.
Pending home sales declined in April by 3.9% from the month before, slowing to a pace not seen in nearly a decade.
Scorching gas and everyday prices are forcing Americans to change their travel and budget plans this summer. FOX Business' Jeff Flock from the Jersey Shore.
US truckers have been dealing with soaring diesel prices, which are being partially passed on to consumers for everything from electronics to groceries.
Russian parliament preliminarily approved a bill allowing its government to seize control of the businesses of western companies that decided to exit the country.
A group of Republican lawmakers have accused President Biden of using the nation's oil reserve as a "stopgap measure" -- and are demanding answers on how the White House plans to replenish the stash.
The U.S. economy contracted 1.5% on an annualized basis in the first quarter of 2022, according to revised data released by the Bureau of Economic Analysis on Thursday.