Inflation dipped below 3% for the first time in three years, and that, combined with other economic indicators, may push the Fed to slash interest rates more than once.
FOX Business' Stuart Varney discussed Kamala Harris' economic plan, arguing the vice president is trying to distance herself from Bidenomics as inflation remains a problem.
Harvard economist Kenneth Rogoff argued that the Federal Reserve will have trouble getting inflation down to 2% without a recession.
The July consumer price index report is expected to show that inflation cooled slightly to 2.9% year-over-year, while the Fed eyes rate cuts and inflation becomes a key election issue.
The Labor Department on Wednesday released the closely watched July consumer price index report, revealing just how hot inflation was running last month.
New research from the San Francisco Federal Reserve found that middle- and lower-income U.S. households are running low on disposable cash as the economy shows signs of slowing.
Former President Trump's VP nominee JD Vance said that he agrees with Trump that the president should have a say over the Federal Reserve's monetary policy decisions.
Former President Donald Trump said during a press conference on Thursday that U.S. presidents should have a say on Federal Reserve interest rate decisions.
A fresh read on the job market showed that the U.S. employment situation remains solid, giving investors the greenlight to shake off recession fears.
The Labor Department on Thursday released new data about unemployment claims amid heightened concerns that the U.S. economy is headed for a recession.
A survey published by the Mortgage Bankers Association found that interest rates dropped to a one-year low, spurring a surge in home-purchase applications.
Rep. Ritchie Torres, D-N.Y., is urging Federal Reserve Chair Jerome Powell to act swiftly on slashing interest rates or risk economic calamity.
New York Federal Reserve data released Tuesday shows household debt hit a fresh record in the first quarter of 2024 amid an uptick in credit card balances.
A growing number of investors are betting that the Federal Reserve will make a super-sized interest rate cut when policymakers next meet in mid-September.
Stock market analyst and author Robert Prechter says he believes the Federal Reserve will implement a rare emergency rate cut before its September meeting.
Chicago Federal Reserve President Austan Goolsbee said on Monday that central bank policymakers will "fix" the U.S. economy if it starts to deteriorate.
Goldman Sachs economists upped the probability of the U.S. economy entering a recession in the next year to 25%, though they noted they still see "recession risk as limited."
Billionaire entrepreneur Elon Musk said the Federal Reserve has been "foolish" for not cutting interest rates as the central bank eyes a potential cut in September.
U.S. stocks tumbled as recession fears spooked investors following a series of weak economic reports this week, including the July jobs report released Friday.
The July jobs report triggered the "Sahm rule," which is closely monitored by Wall Street, because it has been a historically accurate recession indicator.
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