Federal Reserve

Philadelphia Federal Reserve Bank president Patrick Harker said that high inflation in the U.S. was caused by several factors including U.S. policy decisions.

Sales of previously owned houses fell in September for the eighth consecutive month as rising interest rates pushed potential homebuyers out of the market.

Applications for unemployment insurance fell again last week, indicating that employers are still avoiding layoffs despite rapidly rising interest rates.

A U.S. recession is almost certain in the next 12 months, according to a new analytical model, a blow to President Biden ahead of the midterm elections.

The U.S. economy could be headed for a recession, according to Amazon founder Jeff Bezos, who warned on Tuesday that it's time to "batten down the hatches."

Rising interest rates are starting to cool the housing market, with new U.S. home construction plunging in September after unexpectedly rising the previous month.

As elevated inflation persists, Federal Reserve officials are likely to approve another 75 basis point interest rate hike as they try to cool the U.S. economy.

The U.S. economy is likely headed for a recession, according to Goldman Sachs CEO David Solomon, who became the latest bank exec to warn of a looming downturn.

Builder sentiment in the market for single-family homes tumbled in October to the lowest level in two years, indicating the housing market is officially in a recession.

Atlanta Fed President Raphael Bostic is the latest policymaker to get tripped up over personal investments.

Wrestling the hottest inflation in decades under control is still the No. 1 focus of the Biden administration, according to Treasury Secretary Janet Yellen.

Bank of America strategist warns the U.S. stock market is likely to see further losses as the Federal Reserve continues its fight against high inflation.

The Commerce Department released new retail data on Friday morning, revealing how consumers have responded to rapid and stubbornly high inflation in September.

Inflation rose faster than expected in September, squeezing Americans in the form of higher prices for basic necessities like groceries, rent and electricity.

Credit card debt affects nearly half the country and the average American has an outstanding balance of more than $6,000, according to a recent survey. Here's how you can pay off your credit card debt quickly.

Kristaline Georgieva said that the world economy "has been hit by one shock after another″ — the coronavirus pandemic, Russia’s invasion of Ukraine and a resurgence of inflation.

The Labor Department released the latest inflation data set on Thursday, revealing just how hot consumer prices ran in September as the Fed tries to cool the economy.

The Labor Department is releasing the September inflation report on Thursday, which is expected to show that consumer prices continued to run near a 40-year high.

Federal Reserve officials observed that inflation was falling more slowly than they had previously anticipated, according to minutes from their September meeting.

The producer price index, which measures inflation at the wholesale level before it reaches consumers, remains at a multi-decade high, the Labor Department said Wednesday.