Federal Reserve

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.

A New York Federal Reserve survey published Monday shows that consumers are worried about a potential credit crunch and higher inflation in coming years.

The March jobs report showed that payrolls climbed by 236,000 workers last month, in line with expectations, as bars and restaurants hired more workers.

The March payroll report released on Friday provided a key snapshot of the labor market's health amid the Fed's aggressive interest rate-hike campaign.

The Labor Department's March jobs report is expected to show that hiring slowed last month as the labor market cools with higher interest rates.

Federal Reserve Bank of St. Louis President James Bullard said Thursday that banks will not tighten credit enough to send the U.S. economy into a recession.

Companies announced nearly 90,000 layoffs in March, a major acceleration from the previous month, amid an increasingly grim outlook for the U.S. economy.

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.