The US could default on its debt as early as June, and Republicans and Democrats still can't agree on a path to raise the debt ceiling.
Prime Minister Liz Truss' tax proposal sparked intense backlash, tanked the British pound, and led to her resignation. The US is safe from such pain.
The president announced Wednesday the federal government would step in yet again to put more oil on the market and bring down still-high gas prices.
Many Americans are putting off homeownership until prices drop and mortgage rates are lower. Builders are no different.
Supply chains are untangling, and the strong dollar is making imports cheaper. That's set to bring widespread discounts and slower inflation in 2023.
$5 trillion in stimulus and record-low rates fueled a huge recovery. Now the comedown is going to hurt.
Immigration restrictions put in place by Trump, as well as the pandemic, have led to a labor shortage that's making inflation worse.
Americans might be too comfortable with debt due to low interest rates, Nobel-winning economist Doug Diamond said. "They might get into some trouble."
The Great Resignation was fun while it lasted. "Suddenly it's not that much of a game anymore," one economist said.
The report was bad on almost every level, and it could reshape midterm elections along with the trajectory of stocks.
Food and gas prices aren't surging at the rate seen earlier this year. Rent and mortgage payments have taken the lead as inflation's biggest driver.
The Consumer Price Index gained 8.2% in the year through September, while prices other than food and energy rose at their highest rate since 1982.
If you take out food and energy, the US inflation picture hasn't gotten any better.
Americans' demand is cooling off and companies' inventories are booming. It's set to drive extraordinary holiday discounting, the bank said.
Friday's jobs report puts the Fed in a position where its best course of action will lead to more economic pain.
Job creation slowed for the second straight month but remains above the pre-pandemic average, showing that the US is still nowhere near a recession.
The world is set to lose $4 trillion in economic output — the size of Germany's economy — by 2026, IMF managing director Kristalina Georgieva said.
Zelle repaid just $3 million in payments for the over $200 million in fraud through 2021 and early 2022, a report from Sen. Elizabeth Warren found.
The average rate on a 30-year fixed-rate mortgage rose to 6.75% from 6.52% last week, the Mortgage Bankers Association said Wednesday.
Job switchers' wages rose 15.7% in the year through September, ADP said. That's down from August's 16.2% gain and likely to fall further.