Federal Reserve

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.

The economy and inflation will be watched closely this week with reports on producer and consumer prices.

Economist Mohamed El-Erian blamed the Fed for making inflation worse by mischaracterizing the meaning of transitory and not acting "boldly enough" last year.

Greater than 20% officials in senior positions, at the 50 U.S. Federal Agencies the Journal reviewed, had a conflict of interest in their stock choices.

Close to one-third of Americans are having difficulty paying their bills on time as a result of the hottest inflation in decades, with the cost of most goods climbing higher.

The New York Federal Reserve released a closely watched survey on Tuesday revealing that Americans' inflation expectations dropped in the short-term again.

The global economy is headed for "stormy waters," the International Monetary Fund warned in its latest Global Economic Outlook, amid growing threats of a deep, worldwide recession.

On Tuesday, traders will be watching as some big names – including Pepsi, Citigroup, Wells Fargo and Delta Airlines – are set to announce 3Q earnings later in the week.