Inflation measure closely watched by the Fed rises 2.6% in May
The Labor Department released an inflation gauge that is closely monitored by the Federal Reserve, providing a look at price pressures within the economy.
The 'Great Hesitation': Fewer Americans are switching jobs lately as labor market cools
A new report published by Bank of America Institute shows that fewer Americans are switching jobs, a trend that has been dubbed the "Great Hesitation."
National Debt Tracker: American taxpayers (you) are now on the hook for $34,724,689,266,963.11 as of 6/27/24
The U.S. national debt is climbing at a rapid pace, on track to double over the next three decades amid a rush of spending by President Biden and Congress.
Wealthy Americans are anxious about making ends meet
A new survey published by the Federal Reserve Bank of Philadelphia shows even Americans earning more than six figures are worried about making ends meet.
Trump vs. Biden: Where the presidential candidates stand on taxes
President Joe Biden and former President Donald Trump have laid out very different tax proposals as they compete to win a second term in the White House.
The US housing market is 'stuck,' and might remain that way until 2026
A new Bank of America analyst note suggests that the U.S. housing market is "stuck" and will not become "unstuck" unless there is an economic recession.
Small businesses face new threat: ballooning rents
A new report published by the Bank of America Institute found that a growing number of small business owners are struggling with more expensive rent costs.
Fed's Bowman sees no interest rate cuts this year
Federal Reserve Governor Michelle Bowman said Tuesday that it is premature to lower interest rates until there is more evidence that inflation is cooling.
US home prices smashed another record high in April
U.S. home prices continued to soar higher April, according to data published Tuesday, as would-be homebuyers compete for a scarce number of homes for sale.