Federal Reserve

Inflation accelerated in March to a new four-decade high as the Russian war in Ukraine fueled rapid price gains for oil and gas that wiped out the benefits of rising wages for most Americans.

Steve Forbes, chairman and CEO of Forbes Media, blasted President Biden and the Federal Reserve for their economic policies, arguing that a recession is on the horizon as a result.

Americans' inflation fears skyrocketed again in March, with concerns over rising prices hitting the highest level in more than a decade, according to a key Federal Reserve Bank of New York survey published Monday.

Mortgage rates are on the rise, growing closer to 5%. Here's what borrowers can do to keep their rates low.

An economic recession is on the horizon in the U.S. as the Federal Reserve makes an aggressive pivot to cool the hottest inflation in four decades, according to economists at Deutsche Bank.

Carol Roth, a former investment banker and author, argued that rising interest rates are creating a “barrier” for those pursuing the American dream.

St. Louis Federal Reserve President James Bullard said Thursday the U.S. central bank remains well behind in its fight to cool the hottest inflation in four decades.

Most Federal Reserve officials agreed last month that surging inflation and a tight labor market could warrant a half-point interest rate hike as policymakers look to combat soaring prices.

Former Kansas City Fed President Thomas Hoenig forecasted when a recession in the U.S. could happen amid the central bank's expected aggressive tightening measures.

Federal Reserve Governor Lael Brainard suggested on Tuesday that central bank policymakers could soon move aggressively to tighten policy as it seeks to cool red-hot inflation.

JPMorgan Chase CEO Jamie Dimon warned in his annual shareholder letter that the U.S. economy faces a potential convergence of unprecedented risks in the year ahead that have him preparing for the worst.

The March jobs report revealed another month of robust hiring, likely solidifying the case for the Federal Reserve to pivot toward a mega-sized interest rate hike as it seeks to cool red-hot inflation.

Researchers at the Federal Reserve Bank of San Francisco say that massive government spending during the pandemic has caused U.S. inflation to surge more than in other developed economies.

Former Obama economist Jason Furman argues the Fed's "tricky plane landing" to bring inflation down becomes more challenging by the day.

Mortgage rates surged once again this week after the Fed raised the federal funds rate and are now approaching the 5% mark.

Interest rate hikes and pricey properties present unprecedented challenges for first-time homebuyers.

Former Chase chief economist Anthony Chan discusses the probability of a recession in 2022.

Russia's invasion of Ukraine is expected to take a toll on the U.S. economy as it pushes inflation higher. This has caused Fannie Mae to reduce its economic forecast for this year in response.

Inflation is the worst it has been in four decades, with the price of everyday necessities like food, gasoline and cars surging in recent months.

The Federal Reserve raised interest rates for the first time since 2018 at its March meeting. Here's what that means for consumers.