Jerome Powell

The U.S. Labor Department said Friday that wholesale inflation, as measured by the producer price index, posted the first increase in 13 months in July.

The Federal Reserve is increasingly optimistic about achieving a "soft landing" and avoiding a deep recession, but Americans' dwindling pandemic savings could dampen consumer spending.

The Federal Reserve delivered another interest rate hike on Wednesday, raising rates to the highest level since 2001 as it tries to crush high inflation.

The Federal Reserve is expected to raise interest rates for the 11th time at the end of its meeting Wednesday as it continues its fight against inflation.

Two back-to-back inflation reports, the producer price index and the consumer price index, show inflation is easing from peak levels giving consumers and businesses a break.

The Labor Department said the consumer price index showed that inflation cooled last month, but underlying price pressures remained stubbornly high.

The Labor Department is releasing the key June consumer price index data this week, shedding light on how quickly inflation is receding from the economy.

Total interest on the national debt is poised to become the priciest part of the federal budget, outstripping spending on Medicare and Social Security.

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.

The June jobs report is one of several key data points officials will debate when they meet at the end of the month to decide whether another rate hike is warranted.

The Labor Department's June jobs report is expected to show that the U.S. economy added 225,000 jobs last month despite aggressive interest rate hikes.

The Federal Reserve meeting minutes from June indicate that a majority of the central bank policymakers support additional interest rate hikes this year.

The Federal Reserve is releasing the minutes from its June meeting on Wednesday, offering a look at where officials see interest rates headed this year.

Bitcoin and cryptos got some love this week from a few of the financial world's biggest players, giving digital assets fresh tailwinds even amid a tougher regulatory overhang.

U.S. Federal Reserve Chair Jerome Powell testified before a House panel on Wednesday, saying more rate hikes are on the way, after the central bank paused hikes last week.

Fed chair Jerome Powell heads to Capitol Hill on Wednesday to begin two days of testimony on the economy and plans concerning interest rates.

The Federal Reserve warned in its semi-annual monetary report to Congress that tightening credit conditions could weigh on the U.S. economy this year.

Two Federal Reserve officials suggested Friday that interest rates may need to go higher amid signs of underlying inflationary pressures in the economy.

While investors are optimistic the Federal Reserve will pause interest rates this month, the move is unlikely to bring relief to stretched consumers holding credit card debt and variable rate loans.

The Federal Reserve paused its 15-month interest rate hike campaign on Wednesday after government data pointed to a sharp slowdown in inflation last month.