The Fed's favorite inflation gauge rose 5.2% in March
A key measure of annual inflation that is closely watched by the Federal Reserve is running at the hottest pace in nearly four decades.
Yellen defends Biden's massive stimulus bill, despite sky-high inflation
Treasury Secretary Janet Yellen on Thursday defended President Biden's nearly $2 trillion COVID-19 stimulus bill despite criticism that the burst of government spending acted as an accelerant for the highest inflation in 40 years.
Markets are extremely volatile, ‘not healthy’: Expert
Great Hill Capital Chairman Thomas Hayes and Meridian Equity Partners' Jonathan Corpina unpack the first-quarter drop in GDP, cast projections amid growing fears of recession.
Fewer Americans feeling positive about their finances, survey says
Only 46% of adults say they are in excellent or good financial shape, marking the lowest reported percentage since 2015, according to a new survey by Gallup.
AriZona Beverages chair on keeping prices stable amid surging inflation
Don Vultaggio, the chairman and co-founder of AriZona Beverages, argues people don't need another price increase right now.
Economics expert: A lot of stuff going on that's beyond the scope of the Fed
WSJ Chief economics commentator Greg Ip on inflation and supply chain issues in the U.S., arguing there's only so much the Fed can do to combat supply shocks.
Biden 'not concerned' about recession after US economy shrinks in first quarter of 2022
President Biden on Thursday said he is “not concerned” about recession in the immediate future, just hours after the Commerce Department announced that the U.S. economy shrank 1.4% at the beginning of 2022—marking the worst quarter in two years.
US economy on brink of 'major recession,' Deutsche Bank warns
Deutsche Bank economists are doubling down on their prediction, forecasting a severe recession within the next two years as the Federal Reserve moves to tame the hottest inflation in four decades with a series of mega interest rate hikes.
Sonny Perdue talks impact of Russia-Ukraine war on food exports: 'It'll take a while to work that out'
Former U.S. Agriculture Secretary Sonny Perdue says the U.S. may see higher food prices but that Americans should not encounter a supply shortage issue.
AriZona Beverages chair on keeping prices steady amid surging inflation
Don Vultaggio, the chairman and co-founder of AriZona Beverages - the maker of 99-cent iced tea - declared on 'Cavuto: Coast to Coast' that, 'right now we have no intention' of raising prices even with inflation accelerating to four-decade highs.
Former Agriculture secretary: Commodities have been volatile for years
Former U.S. Secretary of Agriculture Sonny Perdue discusses rising grain prices, the impact of the war on Ukraine's top exports and the importance of marketing diplomas to young people.
How to avoid inflation-induced sticker shock at the grocery store
Pat LaFrieda Meat Purveyors CEO gives tips on how to get the best bang for your buck at grocery stores amid surging consumer prices.
Odds of recession 50/50 over next year: Harvard economist
Harvard University professor Kenneth Rogoff, a former chief economist at the International Monetary Fund, weighs in on GDP shrinking by 1.4% on an annualized basis in the first quarter.
US economy shrinking at start of 2022 is 'shocking': Harvard economist
Harvard University professor Kenneth Rogoff said that a contraction in the U.S. economy in the first quarter is “shocking.”
Harvard economist on 'shocking' contraction of US economy in Q1
Harvard University professor Kenneth Rogoff, a former chief economist at the International Monetary Fund, tells 'Mornings with Maria' that GDP falling at a 1.4% annualized rate is 'even below the worst' he thought it might have been.
Inflation ‘anchor’ will be meat industry: Pat LaFrieda
Pat LaFrieda Meat Purveyors CEO Pat LaFrieda says the meat industry will hold inflation down due to its interest infrastructure.
Retailers see ‘big movement’ to smaller portions amid inflation: LaFrieda Meat CEO
Pat LaFrieda Meat Purveyors CEO Pat LaFrieda argues there’s more value in buying family size packages than smaller, more expensive servings.
US economy shrank 1.4% at beginning of 2022, marking worst quarter in 2 years
The U.S. economy cooled markedly in the first three months of the year, as snarled supply chains, record-high inflation and labor shortages weighed on growth and slowed the pandemic recovery.
Exclusive: New political ad slams Biden for considering buying oil from Venezuela over US production
Coalition to Protect American Workers executive director Marc Short discusses inflation and Biden shutting down U.S. oil production.
Uranium prices surging on fears of ban of Russian imports by the West
Uranium Energy Corp. CEO Amir Adnani weighs in, arguing the market has become 'even tighter' amid the war in Ukraine.