The Ukraine war and the impacts of the pandemic sparked a global spike in prices. Britain is grappling with the domestic consequences.
Trevon Logan, professor of economics at The Ohio State University, says we're looking at a "new normal" for the federal funds rate.
There is a very real chance that the country may end up paying a price for getting inflation under control. That price is recession.
Japan had struggled to even reach the central bank inflation target of 2%.
"We need to act decisively and affirmatively to get inflation under control," says Atlanta Fed president
Raphael Bostic, president and CEO of the Federal Reserve Bank of Atlanta, on why he supports this week's rate hike.
The U.S. economy might have an easier time achieving a "soft landing" than economies in Europe and elsewhere.
Alana Ferko explains what's new at the Butte Plaza Mall.
The slight decline from April to May could indicate a slowing economy — which the Federal Reserve is hoping for.
The central bank is raising its key interest rate by three-quarters of a percentage point.
After reaching a record high of nearly 34% early in the pandemic, the savings rate has dipped below its pre-pandemic level.