Federal Reserve

The Commerce Department released its first reading of second-quarter GDP data on Thursday, offering fresh insight into the health of the U.S. economy as inflation rages.

The U.S. economy likely slowed markedly in the second quarter of the year with GDP rising by just 0.5% — or even declining — in the period from April to June.

FTN Financial Chief Economist Chris Low discussed what he believes will prompt the Federal Reserve to stop acting aggressively in an attempt to bring inflation under control.

The Chinese Foreign Ministry spokesperson accused U.S. lawmakers of having "Chinaphobia" after the release of a Senate report on meddling in the Federal Reserve.

Federal Reserve Chairman Jerome Powell said Wednesday that the strong labor market likely means the U.S. economy is not in a recession, despite growing fears.

The Federal Reserve on Wednesday approved another super-sized interest rate hike as it tries to tackle inflation, which hit another record-high in June.

Bacon, egg and cheese, a New York City breakfast tradition, is reportedly being hit by inflation. Bodega owners have had to increase costs for the sandwich.

Rising mortgage rates and higher home prices have forced entry-level homebuyers out of the market – evidenced again by a big decline in pending home sales.

The Fed is widely expected to raise the Federal Funds rate by three-quarters of a percentage point, even as a new report reveals China has tried to undermine American monetary policy.

For nearly a decade, China has been targeting Federal Reserve employees in an attempt to undermine American monetary policy, according to a Senate report.

Purchases of new single-family homes declined considerably in June as a combination of high prices and rising mortgage rates pushed potential homebuyers out of the market.

FOX Business' Stuart Varney discusses the impact of the Biden administration's policies on the country's economic status as Americans face the challenge of rising prices.

The International Monetary Fund warned the global economy could soon fall into a recession amid a confluence of threats, including inflation and the war in Ukraine.

The Federal Reserve is expected to approve another massive interest rate increase at the end of its two-day meeting on Wednesday as it ramps up its inflation battle.

Tuesday morning brings two major housing reports -- May home prices and home sales for June -- as well as reports measuring July consumer confidence.

The Federal Reserve is expected to raise interest rate this week by an estimated three-quarters percentage point which puts the target range between 2.25% to 2.5%.

Traders will be looking at quarterly results from 12 Dow members and 170 S&P 500 companies this week, including Alphabet, Microsoft, GE and Comcast.

Treasury Sec. Janet Yellen predicted Sunday that the Federal Reserve's anti-inflation policies will be "successful" after previously admitting she'd been wrong about inflation.

Consumer demand for homes is dying down as mortgage rates rise. With an interest rate hike expected from the Fed next week, rates could continue to move higher. Here's how you can get the best interest rate.

European Central Bank raised interest rates by half a percent which exceeded expectations and devised a plan to purchase debt of Europe's most vulnerable economies.