Federal Reserve

Billionaire Elon Musk told Fox News' Tucker Carlson that there's no "magical cure for getting rid of inflation" except for economic productivity to increase.

Bank of America CEO Brian Moynihan said during the bank's quarterly earnings call that a "mild" recession is likely to hit the economy later this year.

New U.S. home construction continued its downward spiral in March, even as a recent decline in mortgage rates bolstered consumer demand for new homes.

The financial impact of high inflation could last for years, as the steep price of everyday goods forced more Americans to drain their savings accounts.

Morgan Stanley strategist Michael Wilson warned in a Monday note that stock-market investors should prepare for "more negative surprises" in coming months.

Builder sentiment in the market for single-family homes climbed in April to the highest level since September as mortgage rates fall from a peak high.

Gas prices increased by nine cents to $3.64 per gallon as oil prices rise. And although gas prices have dropped year-over-year, Americans have been facing high inflation in 2023.

U.S. households pulled back on retail shopping and dining out in March as they confronted higher interest rates, according to new Commerce Department data.

A growing number of workers applied for jobless benefits last week, a sign the labor market is beginning to tighten in the face of higher interest rates.

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

The Consumer Price Index (CPI), a measure of inflation, rose 5% year-over-year in March, a slowdown from the 6% increase in February.

Federal Reserve meeting minutes released Wednesday show that central bank staff expect financial sector upheaval to trigger a recession sometime this year.

Inflation fell thanks to a drop in gas prices but remained stubbornly high in March, squeezing Americans who paid more for basic necessities like rent.

Food executives and companies won't cut food prices while the cost of oil – and, therefore, transportation – is surging, John Catsimatidis said in reaction to new inflation data.

The Labor Department said the consumer price index showed that inflation cooled last month, but that underlying price pressures remained stubbornly high.

Inflation likely remained stubbornly high in March as price pressures continue to squeeze household budgets despite Federal Reserve interest rate hikes.

Treasury Secretary Janet Yellen said the U.S. economy is performing "exceptionally well," and she is "not anticipating a downturn" despite the recent banking crisis and inflation.

The IMF released its updated World Economic Outlook on Tuesday, providing a gloomy forecast of the global economy amid inflation and rising interest rates.

More than 230,000 new jobs were created in March, according to the latest data from the Bureau of Labor Statistics (BLS).

Nouriel "Dr. Doom" Roubini is warning that the U.S. banking crisis could spread and cause the economy to experience a hard landing and enter a recession.