Austan Goolsbee says the central bank is keenly monitoring how changing economic policy is influencing inflation and employment.

Both benefits and wages outpaced inflation in 2024, according to data from the Bureau of Labor Statistics.

Two community outposts in the town of Crossville aim to ease the stresses of seniors on fixed incomes.

Employees are sharing some of the wealth generated by productivity gains, aided in many cases by automation.

As the second Trump administration begins, people have kept up their spending — but not all for the same reasons.

December saw a 0.4% monthly gain and November was revised up. Less well-off consumers kept up with the aid of credit cards or savings accounts.

Shelter costs were 4.6% higher in December than a year earlier, and they account for more than a third of the consumer price index.

Where prices did climb — warehousing and transportation — points to an inventory build. Upcoming CPI will make the inflation picture clearer.

Ian Bremmer of the Eurasia Group says a volatile Mideast, Russian disruption and a strained U.S.-China relationship could all prove harmful.

The U.S. Energy Information Administration reports that pump prices on average were 21 cents lower per gallon in 2024 than they were in 2023.