Inflation subsiding as consumer prices fall; labor market still tight

Latest Stories

Two global recessions in one decade? That hasn't happened in over 80 years

Two global recessions in one decade? That hasn't happened in over 80 years

Julia Horowitz, CNN  |  Posted Jan. 10 - 3:03 p.m.

The global economy is just one more knock away from a second recession in the same decade, something that hasn't happened in more than 80 years.
Mortgage rates start 2023 twice as high as they were a year ago

Mortgage rates start 2023 twice as high as they were a year ago

Anna Bahney, CNN  |  Posted Jan. 5 - 12:11 p.m.

Mortgage rates inched up again last week, after a slight increase the week before interrupted six straight weeks of falling rates.
US inflation highest in 40 years, with no letup in sight

US inflation highest in 40 years, with no letup in sight

Christopher Rugaber, Associated Press  |  Posted Feb. 10 - 11:17 a.m.

Inflation soared over the past year at its highest rate in four decades, hammering America's consumers, wiping out pay raises and reinforcing the Federal Reserve's decision to begin raising borrowing rates across the economy.
Truck blockade at US-Canadian border shuts auto plants

Truck blockade at US-Canadian border shuts auto plants

Rob Gillies and Tom Krisher, Associated Press  |  Posted Feb. 10 - 10:40 a.m.

The truck blockade by Canadians protesting COVID-19 restrictions is forcing Ford, General Motors and other car companies to shut down plants, reduce production on both sides of the U.S. border.
$4 gas could be here by Memorial Day, GasBuddy predicts

$4 gas could be here by Memorial Day, GasBuddy predicts

Matt Egan, CNN Business  |  Posted Dec. 28 - 7:10 a.m.

Pain at the pump will get worse before it gets better, GasBuddy says.