Economic Indicators

The Federal Reserve's massive rate hike this week has fueled speculation on Wall Street that the U.S. economy is headed for a recession soon as inflation roars.

The White House is considering a plan to issue gas rebate cards to residents in order to temper inflation and keep families afloat despite record gas prices.

Nevadans blamed a number of issues including President Biden, COVID-19 and Russia's invasion of Ukraine for why Americans are feeling pain at the pump.

FOX Business host Larry Kudlow calls out President Joe Biden for going after the oil and gas industries as Americans see rising gas prices on "Kudlow."

A closely watched Federal Reserve tool showed economic growth in the second quarter may have stalled, raising the possibility that the economy is already in a recession.

Wallethub, a personal finance website, found that Washington, D.C. has the the worst economic racial equality between white and black people in the United States.

The White House on Wednesday appeared to shift from blaming Russia's invasion of Ukraine to oil companies' profits for record-high high gas prices.

The Federal Reserve may consider another super-sized, 75-basis point rate hike in July as the central bank races to catch up with inflation, Chairman Jerome Powell said Wednesday.

The Federal Reserve on Wednesday approved the largest interest rate hike since 1994 as officials try to tame runaway inflation, which surged to another 40-year high in May.

Retail sales unexpectedly dropped in May as consumers – confronted with the hottest inflation since 1981 – pulled back on spending.

A majority of investment fund managers are forecasting sluggish growth and soaring inflation, the result of the Federal Reserve raising interest rates at the fast pace in decades.

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.