Scott Horsley

The Federal Reserve raised interest rates by half a percentage point Wednesday, which was a smaller increase than the four previous hikes.

The Federal Reserve is expected to raise interest rates by a half point Wednesday as efforts to curb inflation show progress. November's annual inflation rate was the lowest in 11 months.

Inflation eased in November, thanks to falling gasoline prices. Consumer prices were 7.1% higher than a year ago. The news comes on the eve of another likely interest rate hike by the Fed.

A new government report shows inflation cooled a bit in November. But prices are still climbing and the Federal Reserve is preparing to raise interest rates again.

The US job market is strong, with employers adding more than a quarter-million jobs every month. President Biden cheered the latest jobs report, but it could put more fuel on the fire of inflation.

U.S. employers added 263,000 jobs in November. A Labor Department report shows wages are climbing quickly, which is good for workers but could complicate efforts to curb inflation.

Hiring slowed slightly in November amid rising interest rates. But the U.S. job market remains unusually tight. Employers added 263,000 jobs in November while unemployment held steady at 3.7%.

Federal Reserve Chairman Jerome Powell spoke about the economy and job market Wednesday. The Fed has been raising interest rates to fight inflation, but critics say this could push some out of work.

Turkey, stuffing, pie — it's all way more expensive this year. But you don't have to let inflation spoil your meal, if you're willing to get creative.

Consumer prices in October were 7.7% higher than a year ago. That's a slower pace of inflation than in September and it triggered a rally on Wall Street.

Stocks experienced their biggest rally in two years after a report that inflation is currently running at 7.7%.

With Thanksgiving just two weeks away, food and family are on many people's minds. But turkey and travel will carry a hefty price tag this year. The annual inflation rate in October was 7.7%.

Rising prices are a top concern for voters in this year's midterm elections, outpacing abortion, crime and defending democracy. Prices in September were up 8.2% from a year ago.

U.S. employers added 261 thousand jobs last month — more than forecasters expected. But job growth has slowed from earlier in the year, and that slowdown could help ease upward pressure on inflation.

Hiring slowed modestly in October, as employers added 261,000 jobs. That might take some of the upward pressure off inflation.

Federal Reserve Chairman Jerome Powell talked with reporters about the central bank's latest effort to fight inflation with higher interest rates and what the Fed is likely to do next.

The Federal Reserve raised interest rates by another 0.75 percentage points Wednesday, as part of its ongoing effort to fight inflation. The big question is, what happens next.

A new report on gross domestic product shows the U.S. economy rebounded in July, August and September after six months of negative growth. But the economy still faces challenges like high inflation.

Thursday's GDP report shows the U.S. economy grew at an annual rate of 2.6% in July, August and September, after shrinking in the first half of the year.

Inflation and fears of a recession are dominating headlines in the U.S., and a series of global crises means that the economic outlook is even more precarious in some other parts of the world.