Federal Reserve

Underlying inflation pressures faced by American consumers eased in October relative to the prior month according to a new report by the Federal Reserve Bank of New York.

The Federal Reserve's more than year-long interest-rate hike campaign may be finally coming to an end as inflation continues to show signs of slowing down.

Overall U.S. economic growth or GDP has been red hot through the third quarter, but economists are warning that a brisk cooldown is on the way and may be a headwind in 2024.

Federal Reserve Chair Jerome Powell on Friday said that despite recent declines in inflation, policymakers are prepared to raise rates again if needed.

Biden's economic policies have delivered higher inflation, more debt, and a lack of financial security.

An inflation measure that is closely watched by the Federal Reserve moderated in October, evidence that higher consumer prices are continuing to cool.

Home-purchase applications increased for the fourth week straight thanks to a recent drop in mortgage rates, which has helped to boost consumer demand.

The revised GDP report shows the U.S. economy grew faster than previously believed in the third quarter, despite high inflation and steep interest rates.

Federal Reserve governors Michelle Bowman and Christopher Waller delivered speeches on the state of the economy that showed divisions in the FOMC over the need for more rate hikes.

Bank of America and Deutsch Bank both released outlooks predicting the Federal Reserve will cut interest rates next year. The latter says the U.S. will enter a "mild recession."

It's been a turbulent year for investors and for everyday savers. FOX Business takes a look a money lessons learned in 2023 and how to prepare for 2024.

Inflation may be cooling, but American consumers have growing concerns that price hikes will accelerate again, according to the University of Michigan's latest consumer sentiment survey.

The sale of previously owned homes fell again in October as high mortgage rates and a worsening supply shortage left would-be buyers with limited options.

Confidence among builders in the U.S. housing market plunged to the lowest level since January 2023 as stubbornly high mortgage rates weighed on demand.

Home-purchase applications increased to the highest level in five weeks thanks to a recent drop in mortgage rates, which helped to boost consumer demand.

Former Kansas City Federal Reserve Bank President and CEO Thomas Hoenig discusses a potential recession and the Fed's monetary policies.

The Labor Department said Wednesday the producer price index tumbled 0.5% in October, evidence that price pressures in the economy are beginning to abate.

Investors snapped up U.S. stocks in a broad rally after the latest inflation data signaled the Federal Reserve may be close or even done with hiking interest rates.

Inflation cooled more than expected in October, but prices for many necessities like food and rent remained high last month, Labor Department data shows.

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