Economic Indicators

Economists from Credit Union National Association (CUNA) predict that the Federal Reserve's fight against inflation could send interest rates soaring and also spur a recession as soon as next year.

The Federal Reserve said in a new report Wednesday that inflationary pressures, a labor shortage and supply chain bottlenecks continued to weigh on businesses.

Federal Reserve officials will begin winding down their massive balance sheet on Wednesday at a combined monthly pace of $47.5 billion.

A near-record number of Americans quit their jobs in April, while employers posted a high number of open jobs, suggesting the labor market remains extremely tight.

The headline unemployment figure is artificially depressed by excluding people who might only be earning a few dollars a week, but who want to find full-time work.

President Biden and Federal Reserve Chairman Jerome Powell will focus on the U.S. economy, particularly soaring inflation, during a rare White House meeting on Tuesday.

More than 250 flights have been canceled Sunday for flights to and from U.S. cities during peak travel periods over the Memorial Day holiday weekend. Over 1,000 were canceled Saturday.

The odds of an economic downturn in the United States over the course of the next 12 months are somewhere between 35% and 40%, according to economist Greg Daco.

A New York Fed survey shows that most U.S. households think the high inflation environment will not fade over the next 12 months.

Thursday estimates from the Census Bureau revealed population loss in eight of the 10 largest U.S. cities during the first year of the deadly coronavirus pandemic.

Economists are becoming increasingly concerned about a potential recession after the GDP contracted more than previously estimated in the first quarter of 2022.

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.