Fed’s Bullard says the central bank’s ‘credibility is on the line,’ needs to ‘front-load’ rate hikes
St. Louis Fed President James Bullard made his case for a rapid move higher in rates, saying that the central bank needs to react to...
Homebuyer demand for mortgages drops 10%, as higher interest rates price some people out
Rising mortgage rates are finally taking a toll on homebuyers, who are already stretched by high home prices. As a result, demand for mortgages fell.
Fed’s Bostic says more than 3 hikes possible this year, but needs to see how economy responds
Bostic said he anticipates hiking interest rates three or four times this year, but the central bank isn't locked into a specific plan.
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...
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 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.
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."
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.”