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111 stories from Planck Standard. Latest: September 16, 2026.
WatchThe chairman Trump picked to cut rates instead delivered the hike the president spent two weeks lobbying against. The Fed now sees inflation at 3.7% this year and does not expect to hit 2% until 2029.
Median income rose 2.6% in 2025, the official poverty rate fell to 10.2% and child poverty hit a record low of 13.4%. Women's earnings rose 3.2% while men's did not move, and the top 10% gained while the bottom 10% slipped.
Gasoline jumped 3.9% in August and is up 27.4% from a year ago as the Iran war keeps oil above $100. Core prices rose 0.3%, and Fed Governor Christopher Waller has already said it 'may not take much' to push him toward tightening.
Ground beef rose 12.8% and roasts 13.6% in August, against 3.2% for food overall. Ranchers who sold off breeding cows during the drought cannot rebuild the herd before the end of the decade.
The energy secretary told 'Face the Nation' that falling prices are 'not an unreasonable expectation.' Treasury Secretary Scott Bessent had put a date on it.
The six-month war with Iran has scrambled global fuel flows, and diesel moves nearly everything Americans buy. Grocers say fuel is 15 to 30 percent of what food costs to deliver.
Kevin Warsh never used the word 'hike.' Economists heard one anyway, with unemployment at 4.1% and underlying inflation refusing to improve.
The second straight month of cooling brings the annual rate down from a 4.2% peak in May. But energy prices remain the reason it is not lower, and July's job losses have complicated the Fed's September decision.
Freddie Mac's 30-year average climbed eight basis points as the Iran war pushed oil and Treasury yields higher and the Fed signaled its next move is more likely up than down.
The Commerce Department's advance estimate came in well below the 2.1% economists expected, even as consumer spending accelerated. The price index for gross domestic purchases jumped to 5.7%.
WatchBrent settled at $100.69 after jumping 6.1% — its first close above $100 since May — as the national gasoline average hit $4.09 a gallon and Wall Street sold off across the board.
Pump prices are up 34% since fighting began, and a Houthi threat to a second oil chokepoint has traders bracing for a fresh energy shock just as the Federal Reserve was closing in on its 2% target.
Brent crude climbed toward $84 a barrel and pump prices rose again as the president moved to choke off Iranian oil exports, even as cooler inflation data lifted U.S. stocks.
WatchConsumer prices unexpectedly fell 0.4% last month, dragging the annual rate down from May's three-year high and pushing the S&P 500 back toward record territory as bets on a rate increase faded.
The International Monetary Fund cut its outlook and lifted its inflation projection to 4.7%, blaming a 25% surge in energy prices since the war began even as it flagged an offsetting boost from artificial intelligence.
Crude jumped about 8% toward $80 a barrel after the president threatened to blockade the world's most important oil chokepoint, through which roughly a fifth of global supply flows.
The sharp slowdown from May's gains rattled economists and revived worries about the labor market, with wage growth trailing inflation for a third straight month.
The International Monetary Fund said the American economy retains 'solid momentum' and praised new Federal Reserve Chair Kevin Warsh's commitment to price stability, even as looming tariffs cloud the second-half outlook.
In Kevin Warsh's first meeting as chair, the Federal Reserve left its benchmark rate unchanged and erased its projected 2026 cut, with some officials now signaling a hike could come as soon as October.
In Kevin Warsh's first meeting as Federal Reserve chair, policymakers kept the benchmark rate at 3.5% to 3.75% but dropped their bias toward cuts, with nine of 18 officials now projecting a rate increase before year's end.
Energy markets respond cautiously to U.S.-Iran framework agreement as analysts question whether significant price relief will materialize.
WatchConsumer prices jumped 0.5% for the month, driven by a 40.5% annual spike in gasoline tied to the closure of the Strait of Hormuz, as the Fed prepares to meet June 17.
Rising fuel prices from the conflict with Iran are rippling across the economy, putting new pressure on businesses already struggling with costs.
Wholesale inflation has reached its highest level since late 2022, as fuel price increases from the ongoing conflict ripple across the economy.
Hand-picked by Trump to slash borrowing costs, Warsh chairs his debut FOMC meeting next week as markets bet on no cut and consumer prices climb to 3.8%.
Wholesale inflation reached its highest level since late 2022 as fuel price increases from the Iran conflict ripple through the economy.
Rising fuel prices driven by Middle East conflict are creating widespread inflationary pressures across the U.S. economy, hitting businesses particularly hard.
Consumer Price Index report shows dramatic increase from previous months while workers struggle with purchasing power as wages fail to keep pace with rising costs.
Pandemic-era lessons learned by manufacturers about supply management are maintaining elevated prices for both new and used cars despite recovering production levels.
Consumer Price Index data shows airline tickets up 27% as workers struggle with wages that lag behind rising costs ahead of Fed Chair Kevin Warsh's first meeting.
Hiring nearly doubled economists' expectations as restaurants, bars and hotels led the way — but wage growth trailed inflation, squeezing workers even as the labor market held firm.
With energy prices climbing on the Gulf crisis and the labor market holding steady, Cleveland Fed President Beth Hammack signaled the central bank may soon need to tighten rather than cut.
Brent crude has surged roughly 50 percent since the war began, war-risk insurance has quintupled and Goldman Sachs estimates 14.5 million barrels a day have vanished from global production as the Strait of Hormuz stays shut.
S&P 500 falls more than 2.6% in its worst single-day drop of 2026, ending nine consecutive weeks of gains as investors worry about Federal Reserve action.
Employers maintained steady hiring pace in May, but wage growth fails to keep up with rising prices as consumer pessimism persists.
Labor market maintains steady hiring pace as employers navigate rising costs and consumer spending constraints from persistent price increases.
As national averages approach $5 per gallon, one state has suspended its gas tax while Trump and Cabinet officials consider federal action.
Auto parts retailer faces concerns over international growth and margin compression amid inflation pressures and potential supply chain disruptions.
GasBuddy and AAA say the 12th week of the Iran war and the continued shutdown of the Strait of Hormuz have pushed the national average gasoline price to its highest Memorial Day level since 2022, with California already above $5.71 and analysts warning the 2022 record of $5.02 is in play if the strait stays closed into July.
Rising prices across the economy are forcing consumers to be more selective about live music spending, creating challenging dynamics for the industry.
New Federal Reserve chair takes control of world's most influential central bank amid mounting economic pressures and political expectations.
The retail giant reported positive earnings but warned that rising fuel expenses could force higher consumer prices.
Retail giant reports positive earnings but signals potential price hikes as transportation expenses surge amid Middle East tensions.
More than three-quarters of Americans, including majority of Republicans, say president's policies have increased local cost of living.
The retail giant reported positive earnings but warned that U.S. consumers are struggling with rising costs across multiple categories.
The economic backdrop that the new Fed chair inherits does not call for the interest rate cuts that President Trump wants.
The retail giant reported positive earnings but cautioned that American shoppers are struggling with increased expenses across multiple categories.
The company behind Lay's and Doritos announces it will raise prices on smaller chip packages as input costs continue to pressure the snack industry.
The home improvement retailer beat Wall Street expectations as core shoppers remained resilient, though some customers pulled back on larger projects.
The retailer beat Wall Street expectations despite some customers pulling back on larger home improvement projects amid inflation pressures.
WatchLong bonds plunged on two disappointing inflation prints last week, sending 30-year yields to 5.13% — last seen in 2007 — and choking off the spring rally in megacap technology.
Dow futures slid 350 points after the UAE drone strike, but options markets are pricing a ±9% swing on Nvidia's earnings Wednesday — enough on its own to add or subtract 95 points from the S&P 500.
The Philadelphia Fed's Survey of Professional Forecasters nearly doubled its second-quarter CPI estimate as the Strait of Hormuz crisis sends gasoline above .50 a gallon and one-year consumer inflation expectations hit a 40-year high.
War with Iran has sent gas and consumer goods prices skyrocketing just months before critical midterm elections that could hinge on economic conditions.
Cisco's strong earnings and optimism over a U.S.-China framework deal pushed stocks higher, even as the Michigan Consumer Sentiment Index fell to an all-time low of 48.2.
U.S. beer sales suffer sharp decline as higher fuel costs force Americans to cut back on discretionary purchases, data shows.
President Trump's nominee takes control of monetary policy as Iran war complications raise inflation concerns.
Rising energy prices from the Iran conflict are creating ripple effects across the economy, pushing consumer prices to levels not seen since 2023.
The president who promised the toughest trade stance on China in history has been forced to moderate his approach amid mounting economic pressures.
President Trump declares the cease-fire on "life support" as investors take cautious approach to rising oil prices and economic uncertainty from ongoing conflict.
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