Wholesale inflation unexpectedly accelerates to highest level since September
The Labor Department on Thursday released the closely watched producer price index, revealing just how hot wholesale inflation was running in February.
Mortgage demand roars back to life as interest rates dip below 7%
A key measure of home-purchase application jumped more than 7% last week as mortgage rates fell below the 7% threshold for the first time in two months.
Inflation ran hotter than expected in February as high prices persist
The Labor Department released the closely watched February consumer price index report Tuesday, revealing just how hot inflation was running last month.
February inflation report expected to show another 'strong' monthly increase
The Labor Department on Tuesday will release the February consumer price index data, which is expected to show that inflation remained uncomfortably high.
Americans expect high inflation to linger in latest New York Fed survey
A New York Federal Reserve survey published on Monday found that many American consumers expect inflation to remain abnormally high in the coming years.
US economy adds 275,000 jobs in February, unemployment rate ticks higher
The February jobs report showed employers continue to hire workers at a good clip, likely leaving the Federal Reserve in a holding pattern when it comes to cutting interest rates.
February jobs report expected to show hiring slowed last month
The February jobs report, due Friday morning, is expected to show the labor market is continuing to moderate due to higher interest rates and inflation.
Layoffs surged in February to highest level since 2009
Layoffs in the U.S. rose 9% in February as companies battled deteriorating market and economic conditions — and more job cuts could be coming this year.
Powell says Fed won't rush to cut interest rates until inflation is conquered
Federal Reserve Chairman Jerome Powell said during congressional testimony on Wednesday that the central bank is in no rush to start cutting interest rates.
Private sector job growth rises less than expected in February: ADP
Private sector job growth rose in February but growth came in slightly under expectations, pointing to a still "dynamic" labor market, according to ADP.
Wall Street is growing more worried about 1970s-style stagflation risks
The U.S. economy could be headed toward a "stagflation" scenario, which is characterized by soaring consumer prices as well as high unemployment rates.
Americans are struggling to get a loan since the Fed started raising rates
Half of loan or financial product applications have been denied since the Federal Reserve started hiking interest rates two years ago, according to a new study.
Fed is ‘stuck’ in Greenspan era, former St. Louis Fed president says
Former Federal Reserve Bank of St. Louis President and CEO James Bullard discusses how the PCE got its reputation within the Fed and Powell's fight to tame inflation.
Credit card interest rates predicted to fall, but debt remains high
Credit card debt and consumer debt as a whole is growing, but interest rates are predicted to drop this year.
Jobless claims jumped more than expected last week
The number of Americans applying to receive unemployment benefits unexpectedly ticked higher by 13,000 last week, according to new Labor Department data.
Mortgage rates over 7% are throttling homebuyer demand
A key measure of home-purchase application plummeted more than 5% last week as mortgage rates continued to hover over 7%, crushing demand among buyers.
Home prices hit a new all-time high in December
U.S. home prices continued to march higher in December, according to new S&P data, as would-be homebuyers compete for a limited number of homes for sale.
JPMorgan warns investors should brace for 1970s-style 'stagflation'
JPMorgan Chase strategists warned in a note to clients that the U.S. economy faces heightened risk of returning to a 1970s-style stagflation scenario.
Economists predict much stronger growth in 2024. Here's why
The U.S. economy will see another solid year of growth in 2024, according to a new survey published by the National Association for Business Economics.
Cruz, GOP senators double down on anti-central bank digital currency legislation
Republican lawmakers are doubling down on their opposition to a central bank digital currency, arguing the federal government could use it to spy on Americans’ financial activity.