Europe is on sale. Why the dollar-euro exchange rate is a win for Americans
The dollar has continued to strengthen against the euro, and for the first time in decades, the two currencies are worth about the same.
Federal Reserve
No retreat in the summer heat. Inflation blistering at 9.1% in June
Inflation hit a new, four-decade high of 9.1% last month, fueled in part by record high gasoline prices. Gas prices have since fallen, but overall inflation is still elevated.
Hiring slipped only slightly in June, with no sign of a looming recession
U.S. employers added 372,000 jobs in June, while the unemployment rate held steady at 3.6%. Despite slightly slower job growth, the labor market remains an economic bright spot.
Job cuts are rolling in. Here's who is feeling the most pain so far
Tesla, JPMorgan, Netflix, Redfin and Coinbase are among companies that are cutting jobs. While layoffs are contained to the hottest parts of the economy, there's fear they could spread elsewhere.
Powell says recession 'a possibility' but not likely
Federal Reserve chairman Jerome Powell vowed to bring inflation back down to 2%. Some lawmakers worry the Fed's efforts to control inflation could tip the economy into recession.
The Fed delivers biggest interest rate hike in decades to combat surging inflation
The Federal Reserve raised interest rates by three-quarters of a percentage point Wednesday in an effort to combat stubbornly high inflation. It's the biggest rate increase in 28 years.
Ben Bernanke's Lessons From 'The Great Inflation'
In a new book, Ben Bernanke explains how and why the U.S. Federal Reserve has evolved to play such an important role in the economy.
Fed Chair Jerome Powell is confirmed for a 2nd term. Inflation will be his focus
Jerome Powell was confirmed to a second term as Federal Reserve chairman. The Senate vote comes as the central bank faces intense pressure to bring down inflation.
Inflation may be easing — but low-income people are still paying the steepest prices
The annual inflation rate eased somewhat in April, but not enough to meaningfully reduce the burden on lower-income Americans.
A brutal sell-off on Wall Street continues as stocks sink for a 3rd day in a row
Stocks continue to slump on fears about inflation – and whether the Federal Reserve can bring down prices without sparking a recession.