Federal Reserve

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

U.S. households are rapidly depleting the excess savings that they built up during the COVID-19 pandemic thanks to a surge of government stimulus money.

Federal Reserve officials warned of "upside risks" to inflation during their July meeting that could warrant additional interest rate hikes this year.

New U.S. home construction rose 3.9% in July after declining the previous month, even as high mortgage rates continued to weigh on the housing market.

Sentiment among U.S. homebuilders unexpectedly fell in August for the first time this year as high mortgage rates weighed on consumer demand for new homes.

Buyers in search of a new car are facing record high payments due to inflation driving up sticker prices and higher interest rates causing financing costs to rise.

Retail sales rose more than expected in July as U.S. consumers continued to open their wallets and spend, even as they confronted an uptick in inflation.

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 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.

Credit card debt increased to a record high in the second quarter as total household debt reached $17.06 trillion. And the Fed’s interest rate hikes to lower inflation could impact what consumers pay for credit. But there are multiple ways to pay off high-interest debt.

The Labor Department said the consumer price index showed that inflation ticked higher in July as price pressures in the economy remained abnormally high.

The Labor Department on Thursday will release new July consumer price index data, which is expected to show inflation posted a surprise increase last month.

Credit card debt surpassed $1 trillion for the first time ever in June as American consumers continued to rely on their cards to cover everyday expenses.

Employment increased by 187,000 jobs in July, indicating a slower increase from last month. But despite a slowing in job growth and inflation, the Fed may keep raising interest rates this year.

In July, the unanimous decision by the Fed to raise interest rates put the key benchmark federal funds rate at a range of 5.25% to 5.5%, further restricting economic activity.

The Labor Department says job openings fell to 9.6 million in June, the lowest since April 2021 but well above pre-pandemic levels in a sign the job market remains tight.

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.

Minneapolis Fed President Neel Kashkari said Sunday that Fed policymakers are increasingly hopeful of achieving a "soft landing" that tames inflation without causing a deep recession.

The Federal Reserve announced another 25 basis point interest rate hike on Wednesday following its June pause.

The Dow Jones Industrial Average wrapped a 13-day winning streak, a run not seen since 1987, after Federal Reserve hiked interest rates to a 22-year high.