White House sees consumer sentiment underpinning hopes for November amid persistent economic pessimism

White House advisers are looking to one economic indicator to give them quiet confidence that the economy is heading in the right direction amid persistent inflation, high interest rates and ... Read More

Bad news for Biden (and all Americans): Inflation is creeping higher at the worst time

There’s rarely a good time for prices to rise a lot. Good luck finding someone who will tell you they enjoy it when their hard-earned dollars can’t stretch as far. Read More

Biden Predicts Fed Will Cut Rates Despite High Inflation

President Joe Biden said he stands by his prediction that the Federal Reserve would cut interest rates by the end of the year, despite a new report showing stubbornly high inflation. Read More

US inflation up again in March in latest sign that price pressures remain elevated

Consumer inflation remained persistently high last month, boosted by gas, rents, auto insurance and other items, the government said in a report that will likely give pause to the Federal Reserve ... Read More

Inflation Was Hotter Than Expected in March, Unwelcome News for the Fed

The surprisingly stubborn reading raised doubts about when — and even whether — the Federal Reserve will be able to start cutting interest rates this year. Read More

Live Updates: Inflation Runs Hotter Than Expected

Consumer prices rose 3.5 percent in March from a year earlier, a larger-than-predicted jump. The underlying details could worry the Federal Reserve. Read More

Consumer inflation stayed high in March

Clothing costs jumped 0.7% in March, the second straight month of sizable increases, though they have barely risen over the past year. Grocery prices, though, were unchanged last month and are just ... Read More

What higher for longer means

Another hotter-than-expected inflation report is upending hopes of Federal Reserve interest rate cuts this year, in what could be a blow to President Joe Biden’s reelection campaign and parts of the ... Read More

Biden visits Baltimore to assess bridge collapse damage

President Joe Biden visited Baltimore to survey damage from last week’s collapse of the Francis Scott Key Bridge. He met with local officials and some of the relatives of the six construction workers ... Read More

News updates from April 2: Biden speaks with Xi, Fed’s Mester raises long-term rate outlook

US President Joe Biden and his Chinese counterpart, Xi Jinping, held a telephone call on Tuesday, the first engagement between the leaders since their November summit in San Francisco aimed at ... Read More

News updates from April 4: British billionaire avoids prison for insider trading; Italy seizes assets in EU fund fraud case

Joe Lewis, the British billionaire whose family owns Tottenham Hotspur football club, will avoid being sent to prison for insider trading, after a federal judge in Manhattan agreed on Thursday to ... Read More