The U.S. economy contracted by 0.4% in the first three months of 2022, for a growth rate of -1.4% on an annual basis, the Bureau of Economic Analysis...

The global economic outlook has “worsened significantly” since the start of the year, largely because of Russia’s war in Ukraine and the sanctions...

Inflation accelerated in March, as the consumer price index rose 8.5% on an annual basis and 1.2% on a monthly basis, the Labor Department announced...

The inflation rate hit a multi-decade high of 7.9% in February and now the Biden administration is warning that the March numbers could be even worse...

The U.S. economy added 431,000 jobs in March and the unemployment rate dropped to a pandemic low of 3.6%, the Labor Department announced Friday. While...

In an effort to bring down soaring gasoline prices, President Joe Biden announced a plan Thursday to release 1 million barrels of oil per day from the...

A bill passed by the House Tuesday would allow Americans to put more money into their 401(k) retirement savings accounts and wait longer to start...

Inflation will cost the average American household about $430 per month in lost purchasing power in 2022, according to estimates from Bloomberg...

Reiterating his view that inflation remains unacceptably high, Federal Reserve Chair Jay Powell on Monday signaled that the central bank is ready to...

Former U.S. Treasury Secretary Lawrence Summers has been warning about the dangers of an inflationary spiral in the U.S. economy for more than a year...