Fed promises ‘unconditional’ approach to taking down inflation in report to Congress
Federal Reserve officials rolled out strong language Friday to describe their approach to inflation, promising a full-fledged effort to restore price stability.
Powell vows that the Fed is ‘acutely focused’ on bringing down inflation
Federal Reserve Chairman Jerome Powell on Friday reiterated the central bank's commitment to bringing down inflation.
Everyone knows inflation is on fire. This is what’s really fueling it
The three biggest inputs for the consumer price index, the most widely followed measure of inflation, are food, energy and shelter.
A day after Powell’s assurances about the economy, markets are worried that ‘the Fed breaks something’
The trouble is, the Fed's likely to get a recession anyway as data shows the economy is a far cry from stable.
Here are the three things the Fed has done wrong, and what it still isn’t getting right
The Federal Reserve suddenly finds itself second-guessed as it tries to navigate the economy through inflation and away from recession.
U.S. recession isn’t ‘inevitable,’ but inflation is ‘unacceptably high,’ Treasury Secretary Yellen says
Talk of a recession has accelerated this year as inflation remains high and the Federal Reserve takes aggressive steps to counter.
Inflation and recession fears are squeezing some industries more than others
Inflation has been pushing prices higher, and shoppers are feeling the pressure as they pay more for goods like groceries and gas.
Retail sales posted unexpected 0.3% decline in May as inflation hammers consumers
Advance retail and food service spending fell 0.3% for the month, below the Dow Jones estimate for a 0.1% gain.
Mortgage demand is now roughly half of what it was a year ago, as interest rates move even higher
Sharply rising interest rates are decimating refinance volume, and those rates, along with sky-high home prices, are hitting demand from buyers.