Economy

President-elect Trump is reviewing candidates for the Treasury secretary role, with the list of contenders getting broader after Elon Musk offered an endorsement and shook up the race.

A rise in prices could make the Federal Reserve less likely to cut its key interest rate in the coming months. But most economists believe inflation will continue its slowdown.

Many Americans have been priced out of purchasing a home or making a move for years now amid elevated mortgage rates, sky-high home prices, and squeezed budgets due to inflation.

The improved inflation stats show that it’s steadily moving back to the Federal Reserve’s 2% target, with the agency likely to keep cutting its standard interest rate in 2024.

For the first time in nearly five decades, dockworkers at the Port of Houston, alongside their counterparts at ports from Texas to Maine, have gone on strike.

About 4 in 10 registered voters say Trump would do a better job handling the economy, while a similar number say that about Harris, according to a new AP-NORC poll.

The prices of gas, groceries and cars are either falling or rising at slower rates than before the pandemic. That’s after peaking at a 40-year high in mid-2022.

With the cost of goods and services experiencing a slight decline in August, the Federal Reserve may consider cutting its key interest rate soon.

Gas prices in Houston have fallen significantly in recent months, driven by increased supply and decreased demand. This trend could potentially impact voter sentiment in the upcoming presidential election.

The inflation-adjusted median income of U.S. households rebounded last year to roughly its 2019 level.

One of the world's biggest consulting and accounting firms plans to monitor its employees' locations to ensure compliance with a stricter return-to-office policy set to take effect next year. 

Hiring in the U.S. grew slightly in August compared to last month as the unemployment rate dipped for the first time in a few months.

A new survey reveals that more Americans are opting for sausage over pricier meats.

Gen Z young adults are "struggling to remain optimistic" about their economic futures, a new report says, as rising costs of living and unaffordable housing prices make them re-evaluate their dreams.

Inflation fell in July to the lowest level in more than three years, a welcome sign for the Federal Reserve even as prices remained uncomfortably high for millions of Americans.

Americans' refusal to keep paying higher prices may be dealing a final blow to the country’s inflation problem.