The Fed is still likely to take a measured approach to rate hikes despite calls for bigger action
Atlanta Fed President Raphael Bostic told CNBC on Thursday after the inflation report, "My views have not changed."
Biden touts wage growth, slower inflation forecasts after another surge in prices
Biden touted wages and forecasts for weaker price growth even after the consumer inflation report showed prices are rising at their fastest clip in 40...
Inflation eroded pay by 1.7% over the past year
Workers have seen their hourly pay jump at about the fastest clip in 15 years. But high annual inflation has eaten into those raises.
Inflation and high gas prices are contributing to ‘a lot of financial anxiety,’ survey finds
Many Americans are worried about rising prices and paying bills, a survey from eMoney Advisor finds. The results show over a third are not investing...
Inflation surges 7.5% on an annual basis, even more than expected and highest since 1982
The consumer price index was expected to increase 7.2% from a year ago, according to a Dow Jones economist survey.
Consumer debt totals $15.6 trillion in 2021, a record-breaking increase
Total debt at the end of the year came to $15.6 trillion, an increase of $333 billion in the fourth quarter and just over $1...
Drug overdoses are costing the U.S. economy $1 trillion a year, government report estimates
U.S. government officials said synthetic opioids are akin to “a slow-motion weapon of mass destruction.”
Seven hikes? Fast-rising wages could cause the Fed to raise interest rates even higher this year
Too much of a good thing, in the form of rapidly rising wages, is expected to push Federal Reserve interest rate hikes at an even...
Fed influence, shaky forecasts, delayed decisions: How the Biden administration misread the inflation threat
The Biden administration misread the rising threat of inflation for a variety of reasons, according to several economists and current and former officials.