The central bank needs to see further progress on inflation or weakness in the labor market to resume interest rate cuts.

Initial filings for unemployment benefits in Texas dropped last week compared with the week prior, the U.S. Department of Labor said Thursday. New jobless claims, a proxy for layoffs, fell to 14,238 ...

U.S. labor costs rose marginally in the fourth quarter, offering some comfort to Federal Reserve officials after progress lowering inflation stalled at the end of 2024. The employment cost index (ECI) ...

An inflation gauge closely watched by the Federal Reserve rose slightly last month, the latest sign that some consumer prices ...

The US Federal Reserve's preferred inflation measure accelerated for a third month in a row in December, according to ...

U.S. prices increased in December while consumer spending surged, suggesting that the Federal Reserve could delay cutting interest rates for some time this year. The personal consumption expenditures ...

The numbers: Wages and benefits for American workers continued to decelerate in the fourth quarter, the Labor Department said Friday. The employment cost index rose at a 3.8% clip in the 12 months ...

Americans are not as confident of the economy as they were a few months back. Markets have been volatile from the beginning of this year as inflation has been showing signs of climbing again, ...

Chicago Federal Reserve President Austan Goolsbee said inflation data released on Friday was a bit better than expected and ...

Federal Reserve governor Michelle Bowman said that she would prefer only gradual future easing of the central bank’s interest ...

An inflation gauge closely watched by the Fed rose slightly in December, the latest sign that some consumer prices remain ...

The Bureau of Economic Analysis said Friday that personal consumption expenditures rose 2.6% in December, in line with expectations. Core PCE, omitting food and energy, was 2.8%.