Economic Indicators

Companies across the country are preparing to cut jobs or are implementing hiring freezes, a new PwC survey showed, a sign the labor market is starting to soften.

Social Security benefits will likely increase next year as inflation fluctuates, according to the latest forecast from The Senior Citizens League.

President Biden signed the Inflation Reduction Act on Tuesday, which some experts have said could lower the cost of health care for many families.

The largest oil and gas industry group outlined its opposition to Democrats' Inflation Reduction Act, arguing that the bill will lead to higher costs for companies and consumers.

The U.S. housing market is starting to cool off considerably as the Federal Reserve raises interest rates at the fastest pace in decades in order to cool inflation.

Federal Reserve officials expressed resolve to bringing inflation closer to their 2% target at the July meeting, with policymakers forecasting more "significant" rate hikes.

President Biden approved a massive Gulf of Mexico fossil fuel lease sale, which his administration chose not to defend in court, when he signed the Inflation Reduction Act on Tuesday.

Sen. Joe Manchin, D-W.Va., admitted Tuesday that it would take some time for prices to come down nationwide following the signing of the Inflation Reduction Act.

Americans can expect to pay higher energy prices as a result of Democrats' massive climate and tax spending package, which President Biden signed into law on Tuesday, experts said.

Rising interest rates are starting to cool the housing market, with new U.S. home construction plunging to the lowest level in close to two years in July.

JPMorgan CEO Jamie Dimon says that boosting natural gas production in the United States does not equate with being against climate change.

Builder sentiment in the market for single-family homes plunged in August to the lowest level in two years, indicating the housing market is officially in a recession.

The fresh evidence of China's slowdown adds to the headwinds facing the global economy this year, which is already reeling from geopolitical events and inflation.

The Federal Reserve is expected to continue approving super-sized interest rate hikes, even after the July inflation report showed that price gains slowed down last month.

Schork Report principal Stephen Schork called out the Biden administration for claiming they are responsible for falling gas prices, stating it's due to a lack of demand.

Economists are questioning if the U.S. could be in a recession after the most recent employment report showed strength in the job market.

Industry representatives, Sen. Joe Manchin and others are still debating competing claims on how Democrats' spending and tax bill will affect U.S. energy.

The producer price index, which measures inflation at the wholesale level before it reaches consumers, remains at a multi-decade high, the Labor Department said on Thursday.

New applications for unemployment benefits ticked higher last week, evidence that the historically tight labor market is starting to loosen amid record-high inflation.

Inflation decreased annually in July and held steady on a monthly basis, according to the Bureau of Labor Statistics, leading some economists to say it may have peaked as gas prices begin to fall.