Inflation has remained stubbornly elevated. Here's why economists are concerned sticky price increases could continue next year.

The Fidelity survey, released Dec. 13, comes as the national economy is seeing modest GDP growth and economists continue to monitor national indicators for signs that the job market is weakening, or that inflation might rebound. Economists have offered ...

The dollar edged higher on Thursday on expectations the currency would be boosted next year by policies by the incoming Donald Trump administration.

Consumers now expect prices to rise under Trump — and are stocking up for what could be an expensive four years.

The recent uptick in the inflation rate in the European Union could delay another rate cut by the European Central Bank, a member of the bank’s governing council was quoted as saying Saturday. In an interview with Austrian newspaper Kurier, Robert ...

The Federal Reserve’s preferred inflation gauge moved slightly higher in November — but not as much as economists were expecting, an indication that price hikes aren’t accelerating in a worrisome fashion.

In midday trading, the Dow Jones Industrial Average jumped 769 points, or 1.8%, to 43,113. The S&P 500 climbed 1.7%, and the Nasdaq surged 1.8%. The Fed’s hawkish shift has put the Nasdaq on track to fall for the first time in five weeks, with the S&P 500 on pace for its worst week in nearly six. The Dow was on track for its third weekly fall.

But the song – which counts up from Christmas to Epiphany on Jan. 6 – has also become the peg for a whimsical way to gauge year-over-year inflation. Pennsylvania-based PNC Bank and other financial institutions have tracked the costs of each set of ...

Turkey's central bank cut its key interest rate by 250 basis points to 47.5% on Thursday, a bit more than expected, launching an easing cycle meant to leave behind protracted economic turmoil and a cost-of-living crisis.

Some people expected a downturn in 2022 – and again in 2023 and 2024 – due to the Federal Reserve’s hawkish interest-rate decisions. The Fed raised rates rapidly in 2022 and held them high throughout 2023 and much of 2024. But in the last four months of 2024, the Fed slashed rates three times – most recently on Dec. 18.

Back in 2022, when the labor market was so hot that Beyoncé even released a song about it, Americans were job hopping in large numbers, boosting their salary in the process.

However, elevated debt balances, given increased consumer spending, suggest some Americans are under financial stress even though income growth has outpaced increases in consumer