Economic Indicators

Inflation accelerated more than expected in June, and economists say it could be a "long, hard slog" before prices begin to normalize, despite strong action by the Federal Reserve.

American Petroleum Institute CEO Mike Sommers ripped President Biden's approach to energy policy Thursday, saying his administration's agenda has contributed to inflation.

Inflation has continued to surge, surpassing 9% in June and hitting another new 40-year high. Here's what that means for interest rates.

Food banks across the country are seeing a surge in demand once again as the U.S. feels the impact of record-high inflation. More than 53 million got aid in 2021.

The European Union is seeking an oil deal with Azerbaijan as it attempts to cut oil dependence on Russia amid its war in Ukraine.

Consumer inflation accelerated again in June, hitting another 40-year high as the cost of everyday goods like food, energy, rent and used cars soared higher.

Advance Auto Parts, Inc. has launched a "Drive of Your Life" contest that'll give drivers a chance at winning free gas for a year as Americans have faced higher gas prices in 2022.

Painfully high inflation persisted in June as the consumer price index soared to another 40-year high, adding to a growing list of political problems for the Biden administration.

Inflation is expected to have surged again in June, with the Labor Department's consumer price index likely climbing by 8.8%, notching another four decade high.

Former Federal Reserve Bank of Philadelphia President Charles Plosser urges the Fed to stay committed to bringing inflation down after not acting sooner.

While the Fed continues to raise interest rates, experts are unsure about what it will mean for the economy. One expert said these moves are not likely to cause a recession.

Economic confidence among small business owners plunged to another low in June as worries over scorching hot inflation and an incredibly tight labor market mount.

Gas prices have spiked in the United Arab Emirates since the beginning of this year, a different reality in a region where fuel had been cheap in recent years.

Maintenance begins Monday on the Nord Stream 1 pipeline, the biggest single pipeline carrying gas from Russia to Europe. Companies fear the war in Ukraine will delay reopening.

Americans expectations for where inflation will be one year from now surged in June, according to a Federal Reserve survey that likely has implications for interest rate hikes.

The latest Federal Reserve minutes show another 75 basis point rate hike could be on the way in July as the Fed combats decades-high inflation.

The jobs report in June was strong, despite risks of a recession on the horizon. Here's what that means for interest rates.

Multiple House Republican leaders slammed the Biden administration Thursday after reports showed that emergency oil supplies have been sent to nations including China.

The U.S. Oil and Gas Association replied to President Biden's tweet on high gas prices, saying the "intern" who wrote the president's post should attend an economics class.

New Jersey drivers will have to show proof of Costco membership in order to purchase gas at their pumps as the company changes their policy after 18 years.