Federal Reserve

Federal Reserve officials expressed resolve to bringing inflation closer to their 2% target at the July meeting, with policymakers forecasting more "significant" rate hikes.

Homebuyers are backing out of purchase contracts at the fastest pace in more than two years as they confront rising interest rates and the possibility of an impending recession.

Bank of America's new U.S. chief economist has projected that the Federal Reserve will trigger a recession as it hikes interest rates to cool inflation.

Data shows the number of U.S. workers has fallen 400,000 since March after coming close to reaching prepandemic levels, causing businesses to struggle to hire labor.

The pace of price gains slowed down in July, raising speculation that inflation in the U.S. may have peaked. But experts say the path to normal may be long and treacherous.

The Federal Reserve is expected to continue approving super-sized interest rate hikes, even after the July inflation report showed that price gains slowed down last month.

Mortgage rates crept up past 5% again, showing that volatility remains persistent, Freddie Mac said.

Mortgage rates jumped, crossing back above the 5% level for a 30-year fixed rate but don't expect higher costs to make housing more affordable.

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 on Thursday.

Inflation decreased annually in July and held steady on a monthly basis, according to the Bureau of Labor Statistics, leading some economists to say it may have peaked as gas prices begin to fall.

Although the historically tight labor market is fueling big wage increases for American workers, those gains are being wiped out by the highest inflation in decades.

Former Kansas City Federal Reserve President and CEO Thomas Hoenig weighed in on the latest inflation data, which revealed that the pace slowed in July for the first time in months.

Painfully high inflation persisted in July as the consumer price index hovered near a 40-year high, continuing to create financial pressure for millions of U.S. households.

U.S. consumer prices did not rise in July as the cost of gasoline plunged, delivering the first notable sign of relief for Americans. The dollar fell more than 1% on the data.

The Labor Department is releasing the closely watched consumer price index on Wednesday morning, which is expected to show that inflation slowed but remained high in July.

Active home listings climbed more than 30% in July, evidence that higher mortgage rates are starting to cool consumer demand for new houses, a new report showed.

Small business optimism rose slightly in June but is still hovering close to a historic low as owners confront rampant inflation and a persistent worker shortage.

The Federal Reserve could approve a historic full-percentage point interest rate increase at its meeting in September following the hotter-than-expected July jobs report.

Jason Katz, UBS managing director and senior portfolio manager, describes all the factors weighing on investor activity following the passage of the Democrats' social spending and taxation bill.

A New York Federal Reserve survey out on Monday showed that consumers expect inflation to decline sharply over the next year as the central bank raises interest rates.