Economy

Consumer credit balances including credit cards reached trillions of dollars in Q2 2023 as Americans turn to credit cards to deal with high inflation and meet other needs. But there are many ways to pay off debt quickly.

The Labor Department on Wednesday will release new August consumer price index data, which is expected to show that inflation accelerated again last month.

Airfare has fallen in September and October from peak summer highs, according to new data. Prices for domestic flights dropped to an average of $211 per ticket.

A new survey published by RSM indicates that middle-market businesses are grappling with rising loan costs, posing a fresh risk to U.S. economic growth.

High mortgage rates have brought average monthly mortgage payments to near-record highs as Americans deal with economic uncertainty. But there are ways to lower your monthly mortgage payments.

Americans' median household income fell by 2.3% last year compared to 2021 as inflation raged and wages failed to keep up, according to new data released by the U.S. Census Bureau.

Rents are sitting near record highs and vacancies are on the rise. Landlords are beginning to offer deals to attract renters without lowering asking rents.

JPMorgan Chase CEO Jamie Dimon on Monday warned that it's a "huge mistake" to expect the U.S. economy to experience a "booming environment for years."

Would-be homebuyers nationwide. are facing a spike in housing costs amid an ongoing affordability crisis - and baby boomers may be to blame, Barclays says.

As the deadline approaches for Detroit's Big Three automakers to reach new contract agreements with the United Auto Workers or face a strike, dealerships prepare for impact.

California's fast food and health care workers in California are expected to receive major salary boosts after a push by labor unions in the state Legislature.

A New York Federal Reserve survey released Monday shows consumers are bracing for inflation to remain above the central bank's 2% target in the long term.