If the U.S. economy were a car, President Donald Trump would be driving with Treasury Secretary Scott Bessent in the passenger seat helping to navigate. Federal Reserve chair Jerome Powell? He’d be in ...

Add Yahoo as a preferred source to see more of our stories on Google. Thousands of commercial janitors in the Twin Cities launched a three-day strike on Monday, March 4, 2024. Photo by Max ...

The Federal Reserve’s favored inflation gauge just moved in the wrong direction. It comes as President-elect Donald Trump promises massive tariffs that could push the cost of living even higher. The ...

Major stock indices plunged Wednesday after the Federal Reserve signaled a slower pace of interest rate cuts for 2025 than previously forecast, renewing concerns about how fast inflation would fall.

Word that inflation hit 3.8% last month is bad news, but not grim: The main cause is obvious, and it won’t last. It’s the halt on oil shipments through the Strait of Hormuz, which plainly won’t last ...

Inflation is rising again, but not enough to outweigh the Fed’s growing worry about a sharp slowdown in hiring and higher unemployment. The central bank is still on track to cut interest rates next ...

The highest U.S. tariffs in decades were supposed to result in notably faster inflation, but it really hasn't been the case. Yes, inflation has crept higher again this year, but only gradually. The ...