Breaking News: Economy

Wholesale prices rose more than expected in November as food prices surged, dampening hopes that inflation could be headed lower, the Labor Department reported Friday.The producer price index, a measure of what companies get for their…

A Southwest Boeing 737 is at Phoenix Sky Harbor International Airport in Arizona, USA, on July 2, 2024. Robert Smith | Nurphoto | Getty ImagesSouthwest Airlines raised its third-quarter revenue forecast on Thursday, announced its board…

Consumers' view on the economy tumbled in September, falling by the largest level in more than three years as fears grew about jobs and business conditions, the Conference Board reported Tuesday.The board's consumer confidence index slid…

Republican presidential nominee Donald Trump on Monday blamed Vice President Kamala Harris for the stock market's dramatic plunge, months after claiming he deserved credit for the market's then-record upswing."Of course there is a…

Federal Reserve officials earlier this month agreed that smaller interest rate increases should happen soon as they evaluate the impact policy is having on the economy, meeting minutes released Wednesday indicated.Reflecting statements…

Rate cuts unlikely until Fed is 'confident' about inflationThe Fed's rate projections show no rate cuts in 2023, which stands in contrast to some market expectations prior to today's data release.Fed Chair Jerome Powell said the central…