What sausage sales tell us about the economy: Dallas Fed
In the Federal Reserve Bank of Dallas' latest report on Texas manufacturing, several producers issued dire warnings about the state of the economy and the consumer.
US firms' 'low firing' approach could turn to more layoffs, Fed's Barkin warns
Federal Reserve Bank of Richmond President Thomas Barkin warned that U.S. businesses' "low-hiring, low-firing" approach may not last as the central bank eyes interest rate cuts.
Fed's actions spoke louder than words to markets in fight against inflation, research finds
New research from economists finds that the Federal Reserve's actions in raising interest rates in response to surging inflation did more than rhetoric to move markets' expectations.
Fed’s Powell: ‘The time has come’ for interest rate cuts
Federal Reserve Chair Jerome Powell signaled during a speech Friday at the Kansas City Fed's symposium in Jackson Hole, Wyoming, that interest rate cuts are on the way.
Fed's Powell may use Jackson Hole speech to shed light on rate cut timing
All eyes will be on Federal Reserve Chair Jerome Powell on Friday as he delivers a keynote speech at the Kansas City Fed's economic symposium in Jackson Hole, Wyoming.
US economy created 818,000 fewer jobs than previously reported
The Labor Department released payroll data that provided a look at job creation in the year through March, which is much weaker than previously believed.
Harris blames corporate greed for high prices, but some economists disagree
Vice President Kamala Harris will announce a price-fixing plan for corporations, but economists question whether it will help reduce elevated prices.
July inflation drops below 3% as Fed considers September rate cut
Inflation dipped below 3% for the first time in three years, and that, combined with other economic indicators, may push the Fed to slash interest rates more than once.
Stuart Varney: Kamala Harris' economic plan is about to take another left turn
FOX Business' Stuart Varney discussed Kamala Harris' economic plan, arguing the vice president is trying to distance herself from Bidenomics as inflation remains a problem.
Harvard economist says food prices are leaving him in 'state of shock'
Harvard economist Kenneth Rogoff argued that the Federal Reserve will have trouble getting inflation down to 2% without a recession.
Inflation expected to cool slightly in July report as issue becomes key issue in presidential campaign
The July consumer price index report is expected to show that inflation cooled slightly to 2.9% year-over-year, while the Fed eyes rate cuts and inflation becomes a key election issue.
Inflation rises 2.9% in July, less than expected
The Labor Department on Wednesday released the closely watched July consumer price index report, revealing just how hot inflation was running last month.
Middle- and low-income Americans running out of disposable cash: SF Fed
New research from the San Francisco Federal Reserve found that middle- and lower-income U.S. households are running low on disposable cash as the economy shows signs of slowing.
Vance backs Trump on president influencing Federal Reserve decisions
Former President Trump's VP nominee JD Vance said that he agrees with Trump that the president should have a say over the Federal Reserve's monetary policy decisions.
Trump suggests presidents should have a say on Federal Reserve policy
Former President Donald Trump said during a press conference on Thursday that U.S. presidents should have a say on Federal Reserve interest rate decisions.
Dow jumps 683 points, S&P and Nasdaq roar higher as recession fears ease
A fresh read on the job market showed that the U.S. employment situation remains solid, giving investors the greenlight to shake off recession fears.
Jobless claims rise less than expected to 233,000
The Labor Department on Thursday released new data about unemployment claims amid heightened concerns that the U.S. economy is headed for a recession.
Mortgage demand roars back to life as rates drop to lowest level in a year
A survey published by the Mortgage Bankers Association found that interest rates dropped to a one-year low, spurring a surge in home-purchase applications.
'Recessionary Russian roulette': House Dem demands Powell end 'kamikaze' interest rate policy
Rep. Ritchie Torres, D-N.Y., is urging Federal Reserve Chair Jerome Powell to act swiftly on slashing interest rates or risk economic calamity.
Americans owe a record $1.14T in credit card debt as inflation squeezes
New York Federal Reserve data released Tuesday shows household debt hit a fresh record in the first quarter of 2024 amid an uptick in credit card balances.