Elevated inflation, supply chain snarls weighing on US businesses, Fed's Beige Book says
Supply chain bottlenecks, the highest inflation in decades and a persisting labor shortage is weighing on businesses across the country, according to a new Federal Reserve report.
Fannie Mae lowers its GDP forecast for 2022 and 2023
The year ahead could see a small recession, and Fannie Mae decreased its predictions for economic growth in 2022 and 2023.
US economy facing 'modest' recession next year, Fannie Mae says
The U.S. economic outlook is dimming and a downturn could be on the horizon as the Federal Reserve moves to tame the hottest inflation in four decades, according to Fannie Mae economists.
IMF cuts global growth forecasts as Ukraine war, inflation cast shadow on world economy
The global economic outlook has darkened considerably as the Russian war in Ukraine and sky-high inflation weigh on the still-fragile recovery from the pandemic, the International Monetary Fund warned on Tuesday.
World Bank slashes outlook for economic growth over Russia-Ukraine war
The World Bank cut its forecast for global economic growth this year as a result of the Russian war in Ukraine and is preparing a $170 billion aid package for struggling nations.
Americans expect home prices to rise at fastest pace since 2014, NY Fed survey shows
U.S. housing sales are heating up this spring, and although rising mortgage rates have threatened to cool demand, Americans still expect home prices to surge higher this year, a Fed survey shows.
States weigh grocery tax pause as inflation surges, but it may not provide much relief
Several states are taking steps to temporarily roll back taxes on food in hopes of providing some relief for Americans who are experiencing surging prices at the grocery store.
IMF chief warns inflation poses a 'clear and present danger' to global economy
IMF chief warned this week that Russia's invasion of Ukraine has weakened the economic outlook for most of the world and sky-high inflation posed a "clear and present danger" to the global economy.
These 3 factors could impact the US economy in the coming months
The United States economy is facing economic risks from three factors across the globe, according to a new Bank of America outlook. Here's how they could affect your wallet.
Retail sales fall shy of expectations as consumers confront sky-high inflation
U.S. consumers continued to open their wallets in March, even as they confronted the hottest inflation in four decades.
Inflation hits another new 40-year high in March, rising to 8.5% annually: What it means for interest rates
Inflation hit yet another new 40-year high in March as the Fed fights to bring it down. Here's what that means for interest rates.
Red-hot inflation report amps up pressure on Federal Reserve to act
Inflation rose in March at the fastest pace in 1981, ratcheting up pressure on the Federal Reserve to move even more aggressively to tame soaring consumer prices.
Inflation surges 8.5% in March, hitting a new 40-year high
Inflation accelerated in March to a new four-decade high as the Russian war in Ukraine fueled rapid price gains for oil and gas that wiped out the benefits of rising wages for most Americans.
March inflation report may show another rapid price spike
The newest inflation data out this week is expected to show another jaw-dropping figure as the Russian war in Ukraine sent oil and gas prices spiraling higher.
A 'recession shock' is coming to the US, Bank of America says
The U.S. economic outlook is darkening so rapidly that a recession may be on the horizon as the Federal Reserve makes an aggressive pivot to tame the hottest inflation in four decades, according to economists at Bank of America.
Americans' inflation fears surge to another 11-year high, New York Fed survey shows
Americans' inflation fears skyrocketed again in March, with concerns over rising prices hitting the highest level in more than a decade, according to a key Federal Reserve Bank of New York survey published Monday.
Heading back to the office? Prepare to add these 3 expenses back into your budget
Employees are increasingly heading back to the office. As they do, they may need to consider these three expenses.
Deutsche Bank predicts US recession in 2023 due to Fed rate hikes
An economic recession is on the horizon in the U.S. as the Federal Reserve makes an aggressive pivot to cool the hottest inflation in four decades, according to economists at Deutsche Bank.
Stagflation risks grow as Ukraine war fuels even higher inflation
The U.S. economy is at a mounting risk of spiraling into a 1970s-style stagflation crisis as the Ukraine-Russia war exacerbates already sky-high inflation, according to a new analysis.
Fed signals half-point interest rate hike 'appropriate' at future meetings
Most Federal Reserve officials agreed last month that surging inflation and a tight labor market could warrant a half-point interest rate hike as policymakers look to combat soaring prices.


















