Federal Reserve

Americans are likely stuck with higher inflation for the rest of the year at least, according to a new survey from the nation's top economic forecasters.

High inflation has flattened the growth in American household net worth in recent years, with little net growth in President Biden's first three years compared to his predecessor.

The Labor Department on Wednesday released the closely watched April consumer price index report, revealing just how hot inflation was running last month.

A new report from the Federal Reserve Bank of New York found that higher debt household debt levels with elevated interest rates have created more financial stress for borrowers.

Federal Reserve Chair Jerome Powell on Tuesday stressed that central bankers need to be "patient" before cutting interest rates amid still-high inflation.

Redfin CEO Glenn Kelman details the challenges in the housing industry but doesn't see the current situation worsening in certain states.

The Labor Department on Tuesday released the closely watched producer price index, revealing that wholesale inflation ran hotter than expected in April.

A New York Federal Reserve survey published on Monday found that many American consumers expect inflation to remain abnormally high in the coming years.

Duquesne Family Office CEO Stan Druckenmiller scorched the economic record of the Biden administration, arguing its using the wrong tactics to address economic issues.

Like the Federal Reserve, the Bank of England is battling inflation. However, Governor Andrew Bailey is a little more optimistic about future rate cuts than Fed Chair Jerome Powell.

Minneapolis Federal Reserve President Neel Kashkari said that interest rates may remain elevated for an "extended period" this year until policymakers see more evidence of inflation declining.

Federal Reserve Bank of New York President John Williams said the central bank will likely lower interest rates as its next policy action but that the timing of the shift is unclear.

The latest SCEO Housing Survey released by the New York Federal Reserve indicates renters' hopes of someday owning a home have plummeted over the past year.

A video clip of White House Council of Economic Advisers Chair Jared Bernstein appearing to struggle with a question about the necessity of monetary policy went viral.

The April jobs report released Friday provided a look at the labor market's health as the economy continues to confront high interest rates and inflation.

The April jobs report, due out Friday morning, is expected to show the labor market is continuing to moderate due to higher interest rates and inflation.

The Federal Reserve is standing pat on interest rates for now, with the timing of a cut uncertain. Still, the backdrop remains supportive for the U.S. job market and the rank and file.

The Federal Reserve signaled that it will keep interest rates higher for longer amid stubborn inflation, keeping borrowing costs elevated for Americans.

Federal Reserve policymakers on Wednesday voted to keep interest rates unchanged as inflationary pressures within the U.S. economy start to increase again.

Hiring by private U.S. companies rose more than forecast in April, a sign that the labor market remains resilient in the face of higher interest rates.