U.S. Economy

Oscar Wong | Moment | Getty ImagesConsumers have largely seen prices deflate for physical goods, such as cars, furniture and appliances, economists said. They've also declined for some groceries and other things, such as travel,…

U.S. Treasury yields were lower on Wednesday is investors considered the outlook for inflationary pressures and awaited the latest consumer price index data.At 3:55 a.m. ET, the yield on the 10-year Treasury was down by over two basis…

Hundreds of small and regional banks across the U.S. are feeling stressed."You could see some banks either fail or at least, you know, dip below their minimum capital requirements," Christopher Wolfe, managing director and head of North…

Kosamtu | E+ | Getty ImagesConsumers have primarily seen prices falling for physical goods, such as cars, furniture and appliances, though they've also declined for some food and energy-related products, too."You're still seeing some…

The latest CPI inflation data showed a larger than expected rise led by services, but on the goods side of the economy, trade data is also showing a recent increase in U.S. imports from China.Inbound cargo volume at the nation's major…

U.S. President Joe Biden, delivers remarks on the U.S. economy and his administration's effort to revive American manufacturing, during his visit in Flex LTD, a factory that makes solar energy microinverters, in West Columbia, South…

Federal Reserve Bank Chair Jerome Powell speaks during a news conference at the bank's William McChesney Martin building on March 20, 2024 in Washington, DC.Chip Somodevilla | Getty Images News | Getty ImagesLast week, the U.S. central…

Wed, Mar 20 2024 3:02 PM EDTThe Fed chair is looking for confirmation of last year's low inflation readings Federal Reserve Chair Jerome Powell will continue to seek confirmation inflation is moving closer to the central bank's 2%…

U.S. commuters.Caroline Purser | The Image Bank | Getty ImagesMeanwhile, the labor market has stayed relatively hot despite tighter monetary conditions, with unemployment remaining below 4% in February and the economy adding 275,000…

A customer shops for food at a grocery store in San Rafael, California, March 12, 2024.Justin Sullivan | Getty Images News | Getty ImagesOverall, the U.S. is in a disinflationary process, a slowdown in inflation. This "does not mean…