Economic Indicators

Russian parliament preliminarily approved a bill allowing its government to seize control of the businesses of western companies that decided to exit the country.

The Federal Reserve released minutes from its May meeting, which showed that policymakers are prepared to move more rapidly to raise rates than the market may expect.

The Congressional Budget Office expects inflation to remain elevated in 2022, further burdening U.S. households that are paying steeper prices for everyday goods.

Consumers are booking flights at increased levels despite rising prices, illustrating the "strong appetite" for air travel, according to a recent analysis.

Is the economy headed for stagflation? According to the CIO of the world's largest hedge fund, Bridgewater, the answer is yes.

Bookings for durables goods, which are items intended to last three years, climbed much slower than expected in April as manufacturers continued to deal with supply-chain disruptions.

The Federal Reserve's "hawkish pivot" has raised the risk of an economic recession, according to BlackRock, the world's largest asset manager.

IMF Director Kristalina Georgieva warned the global economy faces the "biggest test since the Second World War" as it confronts a "potential confluence of calamities."

As inflation and the cost of food, energy and housing increases, some Americans are struggling to make their monthly payments, according to a survey from the Morning Consult.

Soaring consumer prices, supply chain shocks, rising energy costs and a hawkish Federal Reserve determined to bring inflation under control: These are the worrisome attributes of the U.S. economy that have some experts sounding the alarm over a possible return to 1970s-style "stagflation."

The overall business outlook for the next six months tumbled to the lowest level since December 2008, at the height of the financial crisis.

Americans are more conscious about prices as inflation continues to rise, according to a Morning Consult report.

Rising inflation is eating away at strong wage gains that American workers have seen in recent months. Real average hourly earnings decreased 0.1% in April from the previous month as the inflation increase eroded the 0.3% total wage gain, according to the Labor Department.

U.S. consumer confidence tumbled more than expected to a fresh 11-year low in early May, reflecting heightened concerns among Americans about the hottest inflation in a generation.

The Senate overwhelmingly confirmed Jerome Powell to a second term as chairman of the Federal Reserve on Thursday, a move that comes at a precarious time for the U.S. central bank as policymakers attempt to tame the hottest inflation in a generation without tipping the economy into a recession.

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.

The April inflation report was expected to be a harbinger of good news for the U.S. economy, evidence that sky-high consumer prices had finally started to fall.

American households are confronting the steepest inflation in a generation, paying more for everything from cars to food to rent as soaring prices eat away at most workers' wage gains.

Inflation increased in April by 8.3%, close to its 40-year high. This was the first slowdown in months, but was higher than experts had anticipated.

April inflation numbers show prices much higher than a year ago.