Economy

People carry a television to their car at a Best Buy store, Overland Park, Kan., Nov. 26, 2021.
Economy
How a Strong Dollar Affects Everyone
The buck isn’t stopping.
Featured
Screens display end-of-day trading results at the New York Stock Exchange on May 12, 2022, in New York.
Economy
How Do We Know When a Recession Has Begun?
By one common definition, the U.S. economy is on the cusp of a recession.
July 27, 2022
Delores Bledsoe of Houston, Texas, fuels up her rig at a truck stop in Carlisle, Pa., July 13, 2022.
Economy
Wholesale Inflation Surges 11.3%
Producer prices have jumped nearly 18% for goods and nearly 8% for services.
July 14, 2022
Eggs are displayed at a grocery store in Philadelphia, Tuesday, July 12, 2022. On Wednesday, July 13, 2022, the Labor Department will report on U.S. consumer prices for June.
Economy
U.S. Inflation Reached a New 40-year High
Some economists have held out hope that inflation might be reaching or nearing a short-term peak.
July 13, 2022
In this Nov. 19, 2019 file photo James Bullard, president of the St. Louis Federal Reserve Bank, speaks during an interview in Richmond, Va. Last week’s jobs report points to a solid U.S. economy with little sign of a recession on the horizon and one that can withstand higher interest rates, St. Louis Federal Reserve president James Bullard said Monday, July 11, 2022.
Economy
Fed's Bullard: U.S. Economy Can Handle Rising Rates
He sees little sign of an imminent recession.
July 12, 2022
Federal Reserve Chairman Jerome Powell speaks during a news conference at the Federal Reserve Board Building, Washington, June 15, 2022.
Economy
Fed's Aggressive Rate Hikes Raise Likelihood of Recession
The central bank imposed its largest rate hike since 1994 in a bid to curb inflation.
June 16, 2022
Top Headlines
The logo at OECD headquarters in Paris, June 7, 2017.
OECD: War in Ukraine to Drag on Economy into 2023
September 26, 2022
Federal Reserve Chair Jerome Powell at a news conference in Washington, Sept. 21, 2022.
Powell's Stark Message: Inflation Fight May Cause Recession
September 23, 2022
Federal Reserve Chairman Jerome Powell during a news conference at the Federal Reserve Board building in Washington, July 27, 2022.
Fed Attacks Inflation with Another Big Hike
September 21, 2022
House for sale in Westwood, Mass., Oct. 6, 2020.
Home Sales Slip, Price Increases Slow in August
September 21, 2022
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August 4, 2022
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Economy
Cutting Tool Orders Up 6.7% in July
But orders declined compared to the previous month.
September 15, 2022
Fresh seafood is shown for sale at a grocery store, Wednesday, July 27, 2022, in Surfside, Fla. Inflation at the wholesale level jumped 8.7% in August from a year earlier, a slowdown from July yet still a painfully high level that suggests prices will keep spiking for months to come.
Economy
U.S. Wholesale Inflation Declines
But the DOL's report suggests prices will keep spiking for months to come.
September 14, 2022
A customer pumps gas at a Sam's Club location in Madison, Miss., May 24, 2022.
Economy
Inflation Still Stubbornly High Despite Slowdown
Gas prices eased, but most other items got more expensive.
September 13, 2022
Federal Reserve Chair Jerome Powell after a speech at the central bank's annual symposium at Jackson Lake Lodge in Grand Teton National Park, Aug. 26, 2022.
Economy
Fed Chair Says Higher Rates Unlikely to Cause Deep Recession
The Fed hopes to avoid the "very high social costs" of rate hikes four decades ago.
September 12, 2022
President Joe Biden speaks about the American Rescue Plan during an event in the South Court Auditorium on the White House campus, Friday, Sept. 2, 2022, in Washington.
Economy
$1 Billion in Federal Economic Grants Headed Coast to Coast
The grants will be used for manufacturing, clean energy, farming, biotech and more to 21 regional partnerships across the nation.
September 2, 2022
Hiring sign at a restaurant in Highland Park, Ill., July 14, 2022.
Economy
Hiring Slows, but Employers Still Add 315K Jobs
The unemployment rate climbed from a half-century low as more Americans came off the sidelines to look for jobs.
September 2, 2022
Lisa D. Cook, a member of the board of governors of the Federal Reserve system, takes a break at the central bank's annual symposium at Grand Teton National Park, Moran, Wyo., Aug. 26, 2022.
Economy
Fed Tackles Inflation with its Most Diverse Leadership Ever
Many Fed officials are also far less wealthy than those they replaced.
August 31, 2022
A sign placed at a booth during a job fair in West Hollywood, Los Angeles, Sept. 22, 2021.
Economy
Jobs Vacancies Rise, Dashing Fed Hopes
Employers are still urgently seeking workers despite a weakening economy and high inflation.
August 30, 2022
Federal Reserve Chair Jerome Powell, right, with with Fed Vice Chair Lael Brainard, center, and Federal Reserve Bank of New York President and CEO John Williams, Grand Teton National Park, Aug. 26, 2022.
Economy
Fed's Inflation Fight Could Bring 'Pain,' Job Losses
Although prices eased last month, Fed Chair Jerome Powell vowed to "keep at it until the job is done."
August 29, 2022
A man shops at a supermarket in New York, July 27, 2022.
Economy
Inflation Eases as Consumer Prices Rise 6.3%
Tumbling energy prices raised hopes that surging costs may have peaked.
August 26, 2022
Prospective employers and job seekers interact during during a job fair in West Hollywood, Los Angeles, Sept. 22, 2021.
Economy
Government Revision Shows Economy Shrank 0.6% Last Quarter
The revision was an upgrade from the initial estimate, but still marked a second straight quarter of economic contraction.
August 25, 2022
Ash Hermanowski, the food access and operations manager of the Jackson Cupboard, Jackson Hole, Wyo., Aug. 24, 2022.
Economy
Inflation's Harsh Realities on Display as Fed Officials Meet
The Fed is trying to slow the economy just enough to cool inflation — without causing a recession.
August 25, 2022
Euro sculpture in front of the former European Central Bank, Frankfurt, Germany, July 13, 2022.
Economy
Euro Falls Below the Dollar: What's the Impact?
It's a psychological barrier in the markets — but psychology is important.
August 24, 2022
A worker moves hot-dip galvanized metal pieces at Zinkpower, Meckenheim, Germany, Aug. 18, 2022.
Economy
6 Months into Russia's War, a Global Economy in Growing Danger
Governments, businesses and families worldwide are feeling effects.
August 23, 2022