Near-term inflation expectations hit record high, New York Fed survey shows
Consumers' inflation expectations over the next year hit record highs, though the outlook over the longer term grew a little more optimistic.
Big payroll gains push recession fears into the corner — for now
June's big payroll jump helped clear away some of those recession clouds for a U.S. economy that nonetheless faces some stormy weather ahead.
Unemployment rate for Black women fell in June, but so did their participation in the labor force
The U.S. unemployment rate fell for Black women last month, but labor force participation also slipped for the group.
Wholesale prices shoot up near-record 11.3% in June on surge in energy costs
The producer price index, a measure of the prices received at the wholesale level, increased 11.3% from a year ago.
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.
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.