Federal Reserve

Federal Reserve officials expect to continue raising interest rates despite market hopes for a pause as inflation continues to hover near a 40-year high.

Rising interest rates and stubbornly high prices are starting to cool the housing market, with new home construction in the U.S. plunging again in October.

Builder sentiment in the market for single-family homes tumbled in November to the lowest level in 10 years, indicating the housing market is officially in a recession.

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

Consumers are growing more pessimistic as inflation expectations tracked by the Federal Reserve Bank of New York increased across all horizons, while unemployment expectations deteriorated.

The Consumer Price Index (CPI), a measure of inflation, rose 7.7% annually in October, a slowdown from the 8.2% increase in September, according to the Bureau of Labor Statistics.

Fox News contributor Brian Brenberg tells Fox News Digital that an early celebration of a cooler-than-expected inflation report could end up being a "killer" to Main Street.

Millions of workers received a 2.8% pay cut in October when accounting for stubbornly and painfully high inflation, which surged more than expected last month.

Inflation continued to hover near a 40-year high last month, squeezing Americans in the form of higher prices for basic necessities like groceries, rent and electricity.

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

The consumer price index likely surged again in October as inflation remains near a 40-year high, continuing to inflict financial pain on millions of Americans.

Former Treasury Secretary Larry Summers warned this week that the Federal Reserve may need to hike rates above 6% in order to crush unrelenting inlfation.

Winners of the U.S. midterm election will have the power to shape the U.S. economic outlook with powerful fiscal policy including potential tax changes.

With midterm elections underway, voters will head to the polls as they remain concerned about the state of the economy amid the hottest inflation in decades.

Midterm election years are historically a bonus for investors, yet this year, with inflation and recession woes, more headwinds exist. The S&P 500 is down 20%.

As Americans see their purchasing power get squeezed out by inflation, here's what you can do to stay on track.

Rising mortgage rates and high home prices have brought consumer confidence in the U.S. housing market to the lowest level in over a decade, according to Fannie Mae.

Federal Reserve Bank of Minneapolis president Neel Kashkari reinforces Jerome Powell's take that more interest rate hikes will be necessary to tackle inflation.

The economy added 261,000 new jobs in October, indicating economic growth, according to the latest jobs report from the Bureau of Labor Statistics.

ECB President Christine Lagarde said central bankers must be "prepared to take the necessary decisions, however difficult, to bring inflation back down.