Federal Reserve Chairman Jerome Powell tests positive for COVID-19
The Fed announced on Wednesday that its chairman, Jerome Powell, has tested positive for COVID-19 and that the 69-year-old is experiencing "mild symptoms."
Wholesale inflation tumbled 0.5% in December, more than expected
Inflation at the wholesale level fell faster than expected in December as high producer prices begin to moderate, the Labor Department reported on Wednesday.
Illinois governor to World Economic Forum: U.S. inflation won't hit target 'for a very long time'
Illinois Gov. J.B. Pritzker told the World Economic Forum Tuesday he expects it will be "a very long time" before inflation in the U.S. returns to the 2% target rate.
Fund managers most underweight on US stocks since 2005: Bank of America survey
Investors' allocation to U.S. stocks tumbled in January to the lowest level since 2005, according to a new Bank of America survey published on Tuesday.
Inflation drops in December – will the Fed slow interest rate hikes in 2023?
Inflation eased in December, but interest rates are likely to increase a few more times in 2023. However, the rate of increase could slow, one Fed official says. Here's what it means for you.
US real estate market in ‘big trouble,' expert warns
Pulte Capital CEO Bill Pulte and Thor Equities CEO Joe Sitt explain why U.S. real estate is headed towards "big trouble" in 2023 and could put "a lot of things to a stop."
Billionaire bond fund manager Jeffrey Gundlach is concerned the US is headed in an ‘appalling’ direction
DoubleLine Capital CEO and "The Bond King" Jeffrey Gundlach spotlights "very substantial problems" putting U.S. markets, the economy and national security down an "appalling" path.
NY grocery chain CEO warns Fed's Powell: 'Don't you dare' raise rates more than a quarter point
CEO of New York City supermarket chain Gristedes John Catsimatidis discusses the impact of inflation and oil prices.
American families have lost $7,400 due to inflation, rate hikes under Biden: Heritage
Research by the Heritage Foundation found the average American household has lost the equivalent of $7,400 in annual income due to inflation and high interest rates.
Inflation eases in December to 6.5%, but prices remain stubbornly high
The Labor Department released new inflation data set on Thursday, revealing just how hot consumer prices ran in December as the Fed tries to cool the economy.
December inflation report likely to show prices eased further but remain high
The CPI likely remained painfully high in December as inflation remains near a 40-year high, continuing to inflict financial pain on millions of Americans.
Mega Millions hits $1.1B: How the Fed is fueling whale-sized jackpots
As the Mega Millions jackpot tops $1.1 billion amid a trend of giant prizes, gamblers can thank the Federal Reserve for indirectly impacting the purse
Credit card debt carried over monthly is most common type of debt: AARP
Credit card debt is affecting many Americans as they deal with high inflation, and many are carrying their balances from month-to-month. Here’s how to pay down credit card debt quickly.
Jerome Powell warns Fed's inflation fight could spark political opposition
Fed Chairman Jerome Powell on Tuesday said that raising interest rates to slow the economy and cool high inflation can prove to be politically unpopular.
Wealthy American wallets to take momentous hit from US recession
Forbes Media CEO Steve Forbes warns of the likely possibility of a "richcession" creating "rough economic times" and "turbulence" ahead for wealthy Americans.
Americans see inflation cooling further over the next year, NY Fed survey shows
U.S. households are becoming more optimistic about inflation, with consumers seeing prices falling to 5% one year from now, the lowest level since July 2021.
Job growth and wages slip in December but remain above Fed target
The economy added 223,000 jobs in December, a slight decrease from the previous month. Here's what that means for you.
US job growth cools slightly in December as economy adds 223,000 new positions
The Labor Department's December jobs report provided a key snapshot of the labor market's health amid growing fears the U.S. is headed for a recession.
December jobs report expected to show hiring cooled last month but remained strong
The Labor Department's December jobs report will shed light on the health of the labor market in the final month of 2022 when it is released on Friday.
US faces increased stagflation threat in 2023 after wave of government spending
The U.S. economy could face a 1970s-style stagflation crisis in 2023 as it confronts still-high inflation, rising unemployment and slow economic growth.