Economic Indicators

The average price for a gallon of gasoline jumped at least 21 cents in 10 states over the past week.

The producer price index, which measures inflation at the wholesale level before it reaches consumers, accelerated again in May, the Labor Department said on Tuesday.

Odds on Wall Street are growing that the Federal Reserve will inadvertently trigger an economic recession as it moves to cool sizzling-hot inflation with a series of rate hikes.

Homebuyer budget growth has slowed "significantly" which is a sign that home-price growth will continue to slow in the coming months.

FOX Business' Madison Alworth reports on the latest guidance from the White House and hears from travelers at Newark Liberty International Airport.

Gas prices nationwide reached $5 per gallon, according to AAA. It's a level not seen since the group began tracking the data in 2000.

Inflation is at the highest rate in four decades, but how it actually affects individual Americans hinges on what they buy each month, with some items surging more than others.

Inflation surged in May, reaching a new 40-year high. Experts said this could lead to more rate hikes and higher interest rates in the future as the Fed works to lower inflation.

The May consumer price report, released on Friday, sheds light on whether inflation is peaking, or whether consumers will continue to face rising costs in coming months.

The May inflation report is expected to show that consumer prices accelerated again last month, with soaring consumer prices continuing to inflict financial pain on most Americans.

The number of Americans applying for unemployment benefits climbed higher than expected last week, a worrisome sign that the red-hot labor market may be starting to cool off.

The policy shift would help narrow the gap with the Fed as U.S. and eurozone inflation rates converge.

The White House is considering reductions in tariffs on Chinese imports as it seeks to tame the hottest inflation in four decades, Treasury Secretary Janet Yellen said.

The Federal Reserve Bank of Atlanta's closely watched GDP tracker shows that GDP growth likely cooled markedly in the spring, meaning the economy could easily tip into a recession.

The OECD became the latest international institution to downgrade the global economic outlook -- the result of inflation, the Russian war in Ukraine and COVID-19 lockdowns in China.

The global economy is at danger of returning to 1970s-style stagflation as it confronts elevated inflation and a slowdown in growth, according to a grim World Bank report.

A Food and Drug Administration (FDA) advisory committee is meeting on Tuesday to discuss a request for emergency use authorization (EUA) for Novavax COVID vaccines.

Vaccine-maker Pfizer said Monday that it would invest $120 million at its facility in Michigan, boosting U.S.-based production of the PAXLOVID coronavirus pill.

Jobs increased in May, and this increase could prepare the Fed to continue raising rates over the next few months.

The Labor Department's May jobs report came in better than expected, paving the way for a series of half-point rate hikes at upcoming Federal Reserve meetings.