Economy

With the decision to hold the line on rates, the committee noted a “lack of further progress” in getting inflation back down to the central bank’s 2% target.

The average wealth gap between white families and Black and Hispanic ones reached a new high in 2022, topping $1 million in household wealth, according to a new report. 

The FTC claims that noncompete agreements limit wage growth and increase prices for consumers.

With costs up 22%, it may be time to take that defensive driving course online and bank the discount.

The price tag of the potassium rich fruit has gone up by 20%.

While price growth is moderating and inventory is improving, overall housing costs remain high, experts say. Here’s what to expect.

The Federal Reserve is not expected to start cutting interest rates just yet. Here’s what that means for your wallet.

The chain has indicated it will shutter the 50 U.S. locations that had been operating.

The practice usually affects consumers at the grocery store. Here’s what it means.

In Steamboat, Colorado, along with other mountain towns and destination communities across the country, a pandemic-fueled real estate boom driven by remote workers, second-home buyers and short-term rental investors has caused home prices to nearly double.

The retailer will close 50 locations by the end of the year and another 100 “unproductive” stores will follow. Macy’s plans to leave open 350 locations and focus on its luxury sale lines.

Inflation has changed the way many Americans shop. Now, those changes in consumer habits are helping bring down inflation.

Happiness researcher Olga Mecking shares why “niksen,” the Dutch art of doing nothing, is one of the biggest reasons why people in the Netherlands are so happy and content.

Many young people came of age between two recessions, a pandemic and crushing student loan debt.

Noticeable pockets of Americans — renters, lower and middle-income borrowers — are running up their credit cards balances, and increasing numbers are falling behind on their debts.

The Federal Reserve’s preferred measure of prices fell last month, another sign that inflation is easing and that consumers should expect to see lower interest rates in 2024.

Tuesday’s report showed that prices either fell or rose only slowly across a broad range of goods and services, including gas, new and used cars, hotel rooms and housing.

The government is expected to report stellar growth for the U.S. economy during the July-September quarter, highlighting the durability of consumer and business spending despite the Federal Reserve’s efforts to cool the expansion with high interest rates.

Rite Aid, the third-largest US drugstore chain, filed for Chapter 11 bankruptcy protection Sunday

If a shutdown happens, millions of federal employees will be furloughed and many others will be forced to work without pay until it ends. A handful of federal programs that people nationwide rely on everyday could also be disrupted.