The Latest Breaking News on Economy

Recession fears have been mounting as the Fed maintains its aggressive monetary policy stance to bring inflation under control. While the market is expected to remain uncertain in the near term, we think it could be wise to add fundamentally sound stocks Genuine Parts Company (GPC), Albertsons Companies (ACI), and…

Higher unemployment could be on the way, the central bank suggests.

The Tanaiste suggested that those struggling will see more money “in their pockets and off their bills within weeks.”

The U.S. Federal Reserve has been the most aggressive in using interest rate hikes to cool inflation that is battering both households and businesses this year

Applications for U.S. unemployment insurance ticked up from an almost four-month low, suggesting demand for workers remains healthy despite an increasingly uncertain economic outlook.

The number of Americans filing for jobless benefits rose slightly last week despite the Federal Reserve’s year-long battle against inflation that’s intended to cool the economy and the tight labor market

Britain’s central bank is under pressure make another big interest rate hike Thursday

New interest base rate announced amid ongoing cost of living crisis

The Federal Reserve delivered its bluntest reckoning Wednesday of what it will take to finally tame painfully high inflation: Slower growth, higher unemployment and potentially a recession

According to business analysts, the Fed hasn't made a move against inflation quite this aggressive since the 1980s

New forecasts show the central bank envisions a weaker economy in the coming years.