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"I feel like we're always bracing for catastrophe," one millennial told Insider. "We're just kind of gonna throw our hands up and go through it." → Read More
Recession fears are on the rise, but spending data, unemployment claims, and market expectations signal a downturn is at least several months away. → Read More
Consumer sentiment is the bleakest it's been since 2011, but retail sales are at a record high. Inflation isn't stopping Americans' shopping sprees. → Read More
Oil companies are raking in the largest quarterly profits in a decade, raising concerns that the sector is using high gas prices to gouge customers. → Read More
Inflation remains "too high" and growth is already expected to slow, the former chair said, adding the scenario meets the criteria for stagflation. → Read More
"The type of recession we're looking at is not like a serious, massive downturn in consumer spending across the board," one economist told Insider. → Read More
The jobs recovery is nearly finished, spending is at record highs, and wages are booming. But inflation has Americans feeling positively bleak. → Read More
Airline fares soared 18.6% in April alone, marking the largest one-month jump since at least 1963 and counting for a quarter of the month's inflation. → Read More
Used car and truck prices have fallen for the last three months, ending a streak of historic price hikes and offering buyers the first sign of relief. → Read More
Crude oil supply has rebounded, but Americans aren't feeling it at the pump. That's because refiners are charging record prices to turn oil into gas. → Read More
Leisure and hospitality workers are the only sector to see real wages climb since early 2021. All other workers are stuck with weakened buying power. → Read More
The Consumer Price Index – a closely watched measure of inflation – rose 8.3% in the year through April, missing the forecast for an 8.1% jump. → Read More
Crude oil prices have fallen in recent weeks, yet gas is pricier than ever. Blame refiners, which are charging record premiums amid huge demand. → Read More
If the US's extraordinary pace of job creation holds, the labor market's recovery will be three times as fast as the rebound from the Great Recession. → Read More
The Friday jobs report showed job growth holding strong last month as inflation stayed at four-decade highs and interest rates climbed. → Read More
"There is a broad sense on the committee that additional 50 basis point increases should be on the table at the next couple of meetings," Powell said. → Read More
"If they hadn't put this in print, you'd think I was making it up," the president said in a speech on Wednesday. → Read More
The increase in private-sector payrolls is the smallest since August and came in well below the median forecast of 395,000 new payrolls. → Read More
The US should move some industries back to its home turf, but shifting away from globalization would spark new inflation problems, Gary Cohn said. → Read More
The US had 11.5 million job openings at the end of March, up from the February total of 11.3 million total and exceeding the 11-million forecast. → Read More