Discounting is back in fashion, as Americans get tired of paying more
Consumer spending rose only slightly in April, as shoppers pushed back against rising prices.
inflation
A big survey asked Americans about their finances. Here are some trouble spots
A new report from the Fed shows little change in family finances over the last year, but rising prices remain a big worry. And parents of children under the age of 18 feel worse off than a year ago.
Egg and milk prices fall, fueling hope for interest rate cuts
Inflation eased last month, according to a report Wednesday from the Labor Department, which means people feeling stretched by high prices and high borrowing costs could feel a little relief soon.
Voters in this 'boomerang' county say they're nostalgic for the Trump economy
Voters in Northampton County, Pa., say they remember having more money when Donald Trump was in office. But when it comes time to cast their ballots this year, other issues are at play too.
Fed keeps interest rates at 23-year high
The Federal Reserve held interest rates steady Wednesday, as inflation remained stubbornly above the Fed's 2% target. Investors now think it could be September or later before rates start to fall.
Wages, employment, inflation are up, causing headaches for the Fed
The Federal Reserve is expected to hold interest rates steady this week — and possibly for months to come — as policymakers try to sort through mixed signals about the U.S. economy.
Why beating inflation is turning out to be as hard as losing weight
Annual inflation proved to be hotter than expected last month, staying stubbornly above 3%. It continues to move in the wrong direction in recent months. Pushing it lower is proving to be hard.
Federal Reserve holds interest rates steady, projects three rate cuts later this year
The Federal Reserve held interest rates steady Wednesday, but policymakers signaled they still expect to start cutting rates later this year. The stock market jumped in response.
'Everything is rising at a scary rate': Why car and home insurance costs are surging
The cost of auto and home insurance is rising much faster than overall inflation, thanks in part to a string of billion-dollar storms. A growing number of people are going without insurance.
Here's a big reason why people may be gloomy about the economy: the cost of money
Former Treasury Secretary Larry Summers argues that high interest rates are contributing to people's gloomy economic mood. Sentiment may improve, though, if the Federal Reserve begins to cut rates.