Wholesale prices on an annual basis cooled for the first time in months in April, even as inflation continued to hover near a 40-year high as a result of strong consumer demand, pandemic-related supply chain snarls and the Russian war in Ukraine.
Milken Institute senior director Eugene Cornelius called on policymakers to address challenges facing the workforce like immigration, child care and the opioid epidemic.
Federal Reserve Chairman Jerome Powell last week solidified expectations for a half-percentage point rate hike at the central bank's May meeting as officials look to tame red-hot inflation, a move that could have major implications for millions of U.S. households.
Some taxpayers receive significantly higher refunds after filing their returns, according to a new analysis of IRS data.
The tightest labor market in years is fueling rapid wage gains for most workers – the only problem is that red-hot inflation is quickly eroding those increases.
California Democrats have unveiled a new proposal that would send a $400 rebate to every taxpayer in the state to help offset the financial pain of surging gasoline prices.
The Federal Reserve on Wednesday announced it will raise rates for the first time since 2018, bringing to an end the ultra-easy monetary policy put in place two years ago to prop up the economy through the COVID-19 pandemic.