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Latest Headlines in Economy

Stocks rally, driving Wall Street toward rare winning week

The benchmark index also ended the week 6.4% higher, erasing the brutal loss it took a week earlier.

US markets higher as Fed chief addresses Congress again

The S&P 500 is up 0.6 percent shortly after the open. The Dow Jones Industrial Average and Nasdaq are also rising.

The stock market has tumbled quickly, and longtime savers are at a loss

Tough times on Wall Street have people near retirement or readying for college tuition checks wondering what to do next.

Powell sees ongoing fed rate hikes needed to tame hot inflation

The federal reserve chair added that policy makers must be “nimble” as various shocks buffet the world’s largest economy.

Wall Street ends broadly higher after sharp losses last week

The S&P 500 rose 2.4 percent, thought it’s still 21.5 percent below the record high it set in January.

Biden says US recession avoidable after call with ex-treasury secretary Larry Summers

The Federal Reserve accelerated its monetary-tightening campaign last week, and the move increased the odds of a recession that would only compound the president's political troubles.

Biden says he’s considering a gasoline tax holiday

The administration is increasingly looking for ways to spare Americans from higher prices at the pump, which began to climb last year and surged after Russia invaded Ukraine in February.

Larry Edelman

The Fed will put the economy in a coma if that’s what’s needed to whip inflation

Central bank chairman Jerome Powell intends to break the back of inflation by any means necessary.