The Federal Reserve held interest rates steady while signaling it can cut rates only once this year. The decision came after data earlier showed inflation cooling slightly.
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.
Target joins other retailers trying to draw inflation-weary shoppers to stores. The chain says reductions have already been reflected in about 1,500 products.
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.
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.
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.
U.S. employers added 303,000 jobs last month, and the unemployment rate dipped to 3.8%. Construction companies added 39,000 jobs, despite high interest rates.
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.
Bitcoin hit a record high, marking a remarkable comeback from a period known as the "crypto winter." A big catalyst behind the gains has been the approval of new bitcoin investment funds.
U.S. employers added 353,000 jobs in January — far more than forecasters expected. The sizzling job market is good for workers but could cause the Federal Reserve to postpone a cut in interest rates.
The index surged over 1% to hit a record high, surpassing the previous peak hit around two years ago, driven by big gains in large tech companies and by hopes about the economy.
Inflation has cooled significantly recently, but you may still find yourself paying more at the grocery store. What gives? Here's a primer on what easing inflation actually means.