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Latest Headlines in Economy

Republicans ‘won’t budge’ on lifting federal debt ceiling, powerful GOP representative says

Republicans “campaigned on the the fact that we were going to be serious about spending cuts,” said Representative James Comer, who heads the House Oversight Committee.

Treasury secretary tells Congress US expected to hit debt limit Thursday

In a letter to House and Senate leaders, Yellen said her actions will buy time until Congress can pass legislation that will either raise the debt limit or suspend it again for a period of time.

Larry Edelman

Inflation is retreating — though it doesn’t feel that way

The rise in consumer prices slowed for a sixth straight month, but the cost of living remains painfully high. What does this mean for the Fed?

Cost-of-living crisis overshadows climate, Davos report says

The report says the biggest challenges over the next decade involve the environment, yet more immediate challenges are distracting world leaders.

Larry Edelman

Inflation is cooling off. Will the Federal Reserve ease up on rate hikes?

Home prices and apartment rents are losing altitude. A gallon of gas is cheaper than it was before Russia invaded Ukraine. Price-elevating shortages are largely a thing of the past. What does this all mean to the central bank?

Egg price relief coming as US demand softens

A historic avian flu outbreak caused an egg shortage across the country and led to egg prices skyrocketing. Midwest large eggs saw a price decrease to $4.63 from a record high of $5.46 a dozen in December.

Inflation in Europe slows again, hitting 9.2 percent in December

The latest numbers are a sign that the worst might be over for weary consumers battling with the surging cost of living.

Another strong month of hiring would put Fed in tough spot

Economists have forecast that employers added 200,000 jobs last month and that the unemployment rate remained at 3.7 percent, near a half-century low, according to the data provider FactSet.