Economy

US inflation has had a snowballing effect on family…

By Bryan Mena, CNN Washington, DC (CNN) — Americans became slightly less optimistic about the economy this month, following two straight months…

By Alicia Wallace, CNN Minneapolis (CNN) — For the first time in more than 12 months, the pace of consumer price hikes accelerated on an annual…

Americans’ credit card debt levels have just notched a new, but undesirable, milestone: For the first time ever, they’ve surpassed $1 trillion,…

A senior official at the Federal Reserve is pushing back against growing hopes on Wall Street that the central bank could be nearly done raising…

By Anna Bahney, CNN Washington, DC (CNN) — US mortgage rates climbed higher this week, inching closer to 7% and reaching their highest level…

By Danielle Wiener-Bronner, CNN New York (CNN) — Grocery prices stayed steady in June after ticking up in May, offering some relief to…

By Elisabeth Buchwald, CNN New York (CNN) — When the Federal Reserve kicked off its rate-hiking campaign in March last year, the housing market…

By Alicia Wallace, CNN Minneapolis (CNN) — The number of available jobs in the United States dropped in May after an uptick the month before,…

By Anna Bahney, CNN Washington, DC (CNN) — US mortgage rates jumped up this week as recent economic data showed inflation remains sticky and…

By Bryan Mena, CNN Washington, DC (CNN) — With inflation continuing to slow, US consumers are taking notice — and they’re feeling more…

By Bryan Mena, CNN Washington, DC (CNN) — The US economy expanded at a much faster pace in the first three months of the year than previously…

By Alicia Wallace, CNN Minneapolis (CNN) — Some welcome news for renters: The US median rent in May fell from May 2022, the first annual rent…

By Nicole Goodkind, CNN New York (CNN) — It’s hard to remain cheery as economic conditions go soft, stocks bounce around with…

By Elisabeth Buchwald, CNN New York (CNN) — If inflation falls to 2% by the end of this year, that means the cost of everything will no longer…

By Anna Bahney, CNN Washington, DC (CNN) — US home building surged in May, climbing 21.7% from April, as low inventory in the existing home…

By Bryan Mena, CNN Washington, DC (CNN) — Spending at US retailers rose last month, in a sign that consumers are still fueling the economy.…

By Alicia Wallace, CNN Minneapolis (CNN) — US inflation at the wholesale level has cooled once again, this time landing well below its…

By Danielle Wiener-Bronner, CNN New York (CNN) — The past few months of robust grocery store sales would suggest that shoppers aren’t…

By Alicia Wallace, CNN Minneapolis (CNN) — The US labor market isn’t ready to slow down just yet. Employers added 339,000 jobs in May,…

resident Joe Biden and House Speaker Kevin McCarthy finally reached an agreement to avert the United States’ first default on its debt — but you…

By Anna Bahney, CNN Washington, DC (CNN) — US home prices rose slightly in March, showing a continuing recovery, according to the latest…