Economy Aug 11 U.S. wholesale inflation fell in July for first time in 2 years Prices at the wholesale level fell from June to July, the first month-to-month drop in more than two years and a sign that some of the U.S. economy's inflationary pressures cooled last month.
Nation Aug 10 U.S. inflation at 8.5 percent, slips from from 40-year high Falling gas prices gave Americans a slight break from the pain of high inflation last month, though the surge in overall prices slowed only modestly from the four-decade high it reached in June.
Economy Jul 28 How to know when a recession has begun The U.S. economy has contracted for two straight quarters, intensifying fears that it is on the cusp of a recession, if not already in one, barely two years after the pandemic downturn officially ended.
Economy Jul 27 How the latest Federal Reserve rate hike affects your finances The Fed's latest hike, its fourth since March, will further magnify borrowing costs for homes, cars and credit cards, though many borrowers may not feel the impact immediately.
Politics Jul 27 Federal Reserve unleashes another big rate hike in bid to curb inflation By raising borrowing rates, the Fed makes it costlier to take out a mortgage or an auto or business loan. Consumers and businesses then presumably borrow and spend less, cooling the economy and slowing inflation.
Economy Jul 27 WATCH: Federal Reserve imposes another big rate hike to fight inflation The Federal Reserve on Wednesday raised its benchmark interest rate by a hefty three-quarters of a point for a second straight time in its most aggressive drive in three decades to tame high inflation.
Economy Jul 25 As inflation soars, the Federal Reserve is set to announce another interest rate hike Conflicting signs about the health of the U.S. economy have thrust the Federal Reserve into a difficult spot.
Economy Jul 25 Yellen downplays U.S. recession risk as economic reports loom Treasury Secretary Janet Yellen says the U.S. economy is slowing but pointed to healthy hiring as proof that it is not yet in recession.
Economy Jul 13 U.S. inflation at 9.1 percent, a record high Surging prices for gas, food and rent catapulted U.S. inflation to a new four-decade peak in June, further pressuring households and likely sealing the case for another large interest rate hike by the Federal Reserve, with higher borrowing costs to…
Economy Jul 06 Federal Reserve signals further hikes in interest rates to ‘restrictive’ levels Federal Reserve officials were concerned at their meeting last month that consumers were starting to anticipate higher inflation, and they signaled that much higher interest rates could be needed to restrain it.