8 charts tracking the US economy
The Biden administration is kicking off an outreach campaign to get millions of families to file their taxes — so they can receive the second half of payments from the expanded child tax credit.
With inflation chipping away at your spending power, how can you protect yourself?
Here's a look at some of the options for balancing your retirement savings and inflation. Also, check out more of the week's best money reads from experts.
It's called "shrinkflation." We could see more consumer products start shrinking in size or quantity — or both — because of rising costs. Here's what you should know.
Inflation soared over the past year at its fastest pace in more than 40 years. The consumer price index jumped 8.5% in March from 12 months earlier.
The number of people seeking unemployment benefits ticked up last week but remained at a historically low level, reflecting a robust U.S. labor market with near record-high job openings and few layoffs.
Companies are asking more employees to work face to face. But many won't return to a Monday-to-Friday schedule, instead becoming hybrid workers.
If you’ve wondered how to set up a crowdfunding campaign for a passion project, here are some tips for building a successful one.
Another sharp sell-off led by tech added to Wall Street losses in April, leaving the S&P 500 with its biggest monthly skid since the pandemic's start.
Pay for CEOs soared 17.1% last year, towering over the 4.4% gain in pay for private-sector workers. Here's what the top-paid CEOs earned.
The spread of remote work in the U.S. has left local employers competing with out-of-state companies. The magnitude of the change is staggering.
U.S. employers added a healthy 390,000 jobs in May, extending a streak of solid hiring that has bolstered an economy under pressure.
Retailers are cutting some prices to clear out amassed inventory. Here's what you should know.
From toilet paper to yogurt to corn chips, manufacturers are quietly shrinking package sizes without lowering prices. It's dubbed "shrinkflation," and it's accelerating worldwide.
The nationwide average price for a gallon of gasoline has hit $5 for the first time ever, according to auto club AAA.
The Federal Reserve intensified its drive to tame inflation by raising its key interest rate by three-quarters of a point, its largest hike since 1994.
The U.S. economy shrank from April through June for a second straight quarter, contracting at a 0.9% annual pace and raising recession fears.
The U.S. economy has contracted for two straight quarters, intensifying fears that the nation is on the cusp of a recession. A Q&A on the economy.
The findings bode well for the inflation crisis, signaling a potential easing of the pricing pressures that have squeezed consumers and raised recession fears.
U.S. inflation slowed to 8.5% in July as falling gas prices gave Americans a slight break from a 4-decade peak earlier in the summer.
The unemployment rate reached 3.7%, its highest level since February -- but it rose for a healthy reason. Find out more here.
The Fed raised its key interest rate Wednesday by a substantial three-quarters. And more hikes are almost surely coming. Here's what to know.
The Dow Jones average closed at its lowest point of the year Friday as markets sold off around the world on mounting signs the economy is weakening.
U.S. employers kept hiring briskly in November despite high inflation and a slow-growing economy — a sign of resilience amid rate hikes.
Donald Trump pledged to fix U.S. infrastructure, take on China and bulk up American manufacturing. He said he would reduce the budget deficit and make the wealthy pay their fair share of taxes. Yet after two years as president, it’s Joe Biden who is acting on these promises.
The recent Federal Reserve interest rate increases have been great for savers with high-yield accounts. If you don't have one, here’s a look at what you might be missing out on and how to fix it.
A four-day workweek at five-day pay may sound exotic. But some companies are adopting it, effectively making every Friday a paid holiday.
Several grocery items have gotten more expensive this year. But nothing comes close to the rise in egg prices. Here's why.
Wall Street capped a quiet day of trading with more losses Friday as it closed the book on the worst year for the S&P 500 since 2008.
A survey of national economists found that more businesses now expect job reductions at their firms and to spend less on expansions for the first time since the pandemic.
Since 2013, more than 1 million charities received donations from AmazonSmile, which sent a small portion of a customer's purchase on Amazon to a nonprofit of their choice. Amazon announced that the program will end on Feb. 20.
Wednesday's robust retail sales figures, along with a strong January job report, suggest that the economy remains durable, perhaps even strengthening, and at little risk of succumbing to a recession anytime soon.
Here's a closer look at the economy's vital signs at a perplexing time of high interest rates, still-punishing inflation and surprisingly strong economic gains.
Powell's comments reflect a sharp change in the economic outlook since the Fed's most recent policy meeting in early February.
President Joe Biden is telling people in the U.S. that the nation's financial systems are sound. This come after the swift and stunning collapse of two banks that prompted fears of a broader upheaval.
It was a frenetic weekend of nonstop briefings with regulators, lawmakers, administration officials and President Joe Biden himself about how to handle the demise of the nation's 16th-biggest bank.
The government's response to the failure of two large banks has already involved hundreds of billions of dollars. So will ordinary Americans end up paying for it, one way or another? And what will the price tag be?
At the same time, the Fed warned that the financial upheaval stemming from the collapse of two major banks is “likely to result in tighter credit conditions” and “weigh on economic activity, hiring and inflation.”
If inflation has eaten away at your budget the way waves erode a beach, then your tax refund might just provide a much-needed protective barrier.
Parents explain why tooth fairy's putting 379% more money under kids' pillows today than 25 year ago
If the same growth rate continues for the next quarter century, the tooth fairy can expect to place $30 under the pillow for a single tooth in 2048.
The outlook for the world economy this year has dimmed in the face of chronically high inflation, rising interest rates and uncertainties resulting from the collapse of two big American banks.
U.S. consumer inflation eased in March, with less expensive gas and lower food prices providing some relief to households that have struggled under the weight of surging prices for nearly two years.
Consistent frugal behaviors by enough people can force retailers and manufacturers to keep prices, and profit margins, in check. But a new longitudinal study by Deloitte found not everyone is curtailing their spending.
What is the likelihood of a recession? Here are some questions and answers.
First Republic Bank has become the second large regional bank with assets over $200 billion to fail in just a few weeks. Here are some things to know about its collapse.
The S&P 500 is now in what Wall Street refers to as a bull market, meaning the index has risen 20% or more from its most recent low. Here are some answers to questions about bull and bear markets.
Measured year over year, inflation slowed to just 4% in May — the lowest 12-month figure in over two years and well below April’s 4.9% annual rise. The pullback was driven by tumbling gas prices and smaller increases in grocery prices and other items.
The Federal Reserve kept its key interest rate unchanged after having raised it 10 straight times to combat high inflation. But in a surprise move, the Fed signaled that it may raise rates twice more this year, beginning as soon as next month.
The warnings have been sounded for more than a year: A recession is going to hit the U.S. If not this quarter, then by next quarter. Or the quarter after that. Or next year. Yet what might be the most-anticipated recession in modern U.S. history still hasn't arrived.
After two years of painfully high prices, inflation in the United States has reached its lowest point in more than two years — 3% in June compared with 12 months earlier.
Inflation in the U.S. rose in July after 12 straight months of declines, boosted by costlier housing. But excluding volatile food and energy prices, so-called core inflation rose just 0.2% from June, matching the smallest monthly increase in nearly two years.
Grocery price increases continued to moderate in September, with prices ticking up just 0.1% last month. However, some items still notched high price increases.
The economy expanded last quarter at the fastest pace in more than two years — and more than twice the 2.1% annual rate of the previous quarter.
A surge in consumer spending is fueling strong growth, demonstrating a resilience that has confounded economists, Federal Reserve officials and even the sour sentiments that Americans themselves have expressed in opinion polls.
US employers pulled back on hiring in October, adding 150,000 jobs in face of higher borrowing rates
The nation's employers scaled back their hiring in October, adding a modest but still decent 150,000 jobs, a sign that the labor market remains resilient despite economic uncertainties and high interest rates that have made borrowing much costlier for companies and consumers.
Inflation in the United States slowed last month in a sign that the Federal Reserve’s interest rate hikes are continuing to cool the consumer price spikes that have bedeviled consumers for the past two years.
It's not just you. Across the U.S., prices at the pump have felt milder in recent months.
The nation’s employers added a solid 199,000 jobs last month and the unemployment rate fell, fresh signs that the economy could achieve an elusive “soft landing,” in which inflation would return to the Federal Reserve’s 2% target without causing a steep recession.
U.S. inflation ticked down again last month, with cheaper gas helping further lighten the weight of consumer price increases in the United States.
Higher rents and food prices boosted overall U.S. inflation in December, a sign that the Federal Reserve's drive to slow inflation to its 2% target will likely remain a bumpy one.
The nation's economy grew at an unexpectedly brisk 3.3% annual pace from October through December as Americans showed a continued willingness to spend freely despite high interest rates and price levels that have frustrated many households.
The nation's employers added a robust 216,000 jobs last month, the latest sign that the American job market remains resilient even in the face of sharply higher interest rates.
The nation's employers delivered a stunning burst of hiring to begin 2024, adding 353,000 jobs in January in the latest sign of the economy's continuing ability to shrug off the highest interest rates in two decades.
Today's other top stories include backlash to Alabama's IVF ruling, Homeland Security Secretary Alejandro Mayorkas' impeachment moving to the Senate, and a rising death toll in Ukraine. Get caught up.
The Federal Reserve's decision this week to keep its benchmark rate at a two-decade high should have ripple effects across the economy. Here's what to know.
