Economists expect prices to have risen 2.6% over the year ending in October. That figure would mark a slight uptick from the ...

Federal Reserve Chair Jerome Powell had mentioned last week that the road to 2% inflation would not be a straight line. "We expect there to be bumps," Powell said, at his press conference last week.

The U.S. government is set to release new inflation data on Wednesday, offering a fresh look at price increases little more ...

When the river began to rise last month in Asheville, North Carolina, Lucious Wilson stood on a nearby hill and watched as his brewery slowly vanished in the floodwaters generated by Hurricane Helene.

Elon Musk, a key Trump backer who is expected to have considerable sway in helping shape Trump's policies, included a "100" ...

The economic measures that Trump promised during his 2024 campaign mirror what he pledged in 2016, but the current economy is very different.

The economic measures Trump promised during the recent campaign echo what he pledged in 2016 - including more tax cuts, tariffs, and stricter immigration policy. Now, though, they will land in an ...

President-elect Donald Trump has won Arizona and its 11 electoral votes, CBS News projects, giving him a sweep of all seven ...

The Dow Jones gained more than 1500 points on Wednesday after Trump won the 270 electoral votes needed to become the 47th President of the United States.

Federal Reserve Chair Jerome Powell had a clear, direct response when asked during a press conference Thursday if he would ...

Yet, Powell’s defiance ought to provoke us to ask why wealthy, pampered, out-of-touch technocrats like Jerome Powell get to ...

The Fed opened the door to a potential pause in December, as it upgraded the inflation outlook. Read what this pause and the ...