As layoffs sweep through multiple business sectors, these CEOs are foregoing bonuses and slashing salaries in an attempt of solidarity with workers.
Federal Reserve Bank of Cleveland leader Loretta Mester said Friday she wasn't surprised by the latest round of strong U.S. inflation data, which she saw as another reminder the central bank still needs to raise rates further to reduce the pressures that are pushing prices higher.
January's inflation report sent ripples down the stock market Friday, as the key index measured to gauge the economy showed there is still work to be done.
The consumer price index rose by 7.5% in January from last year, making it the fastest increase since February 1892.
With inflation once again growing, struggling families are going to continue feeling the pinch at the grocery store and the gas station, as well as in several other areas of their lives—with no long-term relief seemingly in sight.
Two Federal Reserve officials on Friday added to a chorus of U.S. central bankers this week in signaling that interest rates will need to go higher in order to successfully quash inflation, although one guarded against inferring too much from recent unexpectedly-strong economic data.
Inflation rose ever so slightly to begin 2023, the latest indicator that high prices for housing and energy remain a ways away from dissipating.
The retail store collected about 3,500 pieces of onions during their one-day campaign, encouraging Filipinos to buy items using the vegetable.
41 percent of survey takers said they were financially better off before Joe Biden became President.
Here's what a hot labor market means for economic growth, inflation, and interest rates.
Though inflation has started to cool, Americans won't be feeling the effects of it for a while due to a variety of other factors.
The U.S. economy grew by 2.9% over the fourth quarter of 2022, largely boosted by an increase in consumer and government spending.
The amount of money sloshing around the U.S. economy shrank last year for the first time on record, a development that some economists believe bolsters the case for U.S.
Traders and investors have concluded that the context, conditions, and circumstances that produce inflation have changed.
Credit card debt owed by Americans reached a staggering $925 billion, as per Federal Reserve data from 2022's third quarter. Here's how high the balances run.
Inflation shows signs of slowing as prices dropped slightly in December.
The easing of supply chain constraints has begun to put downward pressure on prices on the economy's supply side.
Private payroll has risen to 235,000 this month, nearly 100,000 more than the Dow Jones originally predicted in November.
Political rivals Donald Trump and Joe Biden will likely face off for the presidency again in 2024. Before then, what should we expect of the two men in 2023?
Central banks around the world are determined to do whatever it takes to fight inflation, including pushing the world economy into recession.
A survey of over 340 logistical managers found the majority believe current global supply chain issues will continue into 2024.
When the nation's central bank raises interest rates to fight inflation, financial markets adjust asset values downwards to reflect the higher rates.
