Amid heightened uncertainty about the global economy, all three U.S. indexes are in a bear market as the third quarter comes to a close.

The Federal Reserve is cracking down hard on inflation, in hopes of avoiding a repeat of the 1970s, when price hikes were so sustained, they got baked in to people's thinking.

The British pound sank to $1.03, before stabilizing slightly, as traders and investors react negatively to new government plans to cut taxes for highest earners and businesses and boosting borrowing.

The Federal Reserve raised interest rates by another 0.75 percentage points today, as it tries to control runaway prices. The central bank also signaled that additional rate hikes are likely.

Natural gas prices are soaring in the U.S. and around the world — and they're expected to keep climbing through the winter.

Rising inflation has meant fewer restaurant meals, getaways and even doctor visits for many Americans, as nearly 4 in 10 say their family finances have gotten worse in the last year.

Inflation eased slightly in August thanks to falling gasoline prices, but the cost of many essentials continues to climb, including soaring power bills that are straining family budgets.

Democrats and many independents are motivated by the issue of abortion, while Republicans have the advantage on the economy, according to a new NPR/PBS NewsHour/Marist poll.

U.S. employers added 315,000 jobs in August, while the unemployment rate rose to 3.7% from 3.5% in July. A tight job market gives workers more bargaining power, but it may also fuel inflation.

With a strengthening dollar and rising commodity prices, developing nations are having a hard time paying their debts.

One of the intended outcomes of Russia's war in Ukraine is to dissolve European unity on energy policy, analysts say, but the unity is so far holding firm.

Severe drought is forcing some ranchers to send cattle to slaughter early. That's sparked a temporary glut in beef that's leading to lower prices, but it won't last.

Wednesday on Politcal Rewind: The Abrams, Kemp, Warnock and Walker campaigns have spent a combined $300 million on ads. But Democratic campaigns are outspending GOP opponents by wide margins. Plus, will Walker and Warnock ever debate? Meanwhile, Abrams stumps for votes in rural Georgia. 

The Simmons-Wright Company has survived over 100 years by learning to adapt when confronted with every economic challenge that has come its way. Its latest battle? High inflation.

The Fed's chair comments signal the central bank is determined to continue raising interest rates to bring down inflation.