U.S. household spending slowed in May as Americans faced historically high inflation and elevated interest rates, raising the prospect that the economy has contracted for a second straight quarter this…

Federal Reserve Chairman Jerome Powell said he was more concerned about the risk of failing to stamp out high inflation than about the possibility of raising interest rates too high…

Economists surveyed by The Wall Street Journal have dramatically raised the probability of recession, now putting it at 44% in the next 12 months, a level usually seen only on…

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This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to…

The U.S. economy is starting to slow under the combined weight of soaring inflation and climbing interest rates—including the highest mortgage rates since 2008. Recent reports show sharp declines in…

The Federal Reserve approved the largest interest-rate increase since 1994 and signaled it would continue lifting rates this year at the most rapid pace in decades to fight inflation that…

Two bad inflation reports on Friday are likely to lead more Federal Reserve officials to support plans to raise interest rates by at least another 2 percentage points this year,…

Updated June 10, 2022 6:52 pm ET Listen to article (2 minutes) U.S. consumer inflation reached its highest level in more than four decades in May as surging energy and…

As U.S. gasoline prices approach a record average of $5 a gallon, fuel costs are rippling through almost every corner of business, with signs emerging that the rising expenses are…