Economic Indicators

Bank of America economists expect the Federal Reserve to hike interest rates at every meeting for the remainder of the year as central bank policymakers look to tackle inflation.

Annual inflation is running at the hottest pace in nearly four decades as widespread supply disruptions, extraordinarily high consumer demand and worker shortages fuel rapidly rising price increases.

The hottest inflation in nearly four decades is inflicting financial pain on millions of U.S. households as prices for everyday necessities like food and gasoline continue to surge, according to a new survey.

GDP, the broadest measure of goods and services, surged by 6.9% in the final three months of the year, the Commerce Department said on Thursday.

The Federal Reserve on Wednesday signaled plans for its first interest rate hike in three years, paving the way for a March liftoff as policymakers seek to keep prices under control and combat the hottest inflation in nearly four decades.

The Federal Reserve is expected to signal its first interest rate hike in three years during a pivotal two-day meeting this week, opening the door to a March liftoff as policymakers seek to combat the hottest inflation in four decades.

Red-hot inflation and the fast-spreading omicron variant are hindering the global economic recovery from the coronavirus pandemic, the International Monetary Fund warned on Tuesday.

The weekly Labor Department data sheds fresh light on how a recent surge in COVID-19 cases is affecting the economy.

House Majority Leader Steny Hoyer argued that President Biden is doing a good job fostering the United States' economic recovery from the pandemic.

U.S. retail sales unexpectedly declined in December, suggesting that consumers are pulling back on spending as they face surging prices and an acceleration in COVID-19 infections.

The December jobs report came in lower than expected. However, experts explain why the Fed is still likely to raise interest rates in the first quarter of 2022.

Delta employees are being hit hard by COVID-19 but CEO Ed Bastian is optimistic about the future.

Wholesale prices rose at the fastest pace on record in December, the latest evidence that inflationary pressures are continuing to plague the U.S. economy.

Jobless claims have moderated in recent weeks, hovering near a half-century low despite a surge in omicron-driven COVID-19 cases.

The tightest labor market in years is driving rapid wage gains for most workers – the only problem is that red-hot inflation is quickly eroding those increases.

Inflation could reach as high as 7% in the first quarter before decelerating. Here's what Fannie Mae says that will mean for interest rates.

American households are grappling with the steepest price increase in almost four decades, paying more for everything from cars to gasoline to food as uncomfortably hot inflation erodes most workers' wage gains.

In 2022, the Federal Reserve is eyeing three interest rate hikes. Here's how to benefit from low interest rates now.

Inflation rose at the fastest pace in nearly four decades in December, as rapid price gains fueled consumer fears about the economy and sent President Biden's approval rating tumbling.

The Fed is considering moving up its timeline for interest rate hikes, according to the December meeting minutes.