Scott Horsley

Consumer prices in February were 6% higher than a year ago, as inflation continues to ease. The data comes just days after the collapse of two regional lenders is roiling the banking system.

The Fed will be watching closely Tuesday when the new report card on inflation is released. The Fed's efforts to combat inflation have been complicated by recent stresses in the banking industry.

President Biden spoke this morning about the government's efforts to protect the banking system, after two regional banks collapsed in recent days.

U.S. employers added 311,000 jobs in February, a modest slowdown from the month before. The jobs report will be closely studied by the Federal Reserve as policymakers try to battle inflation.

U.S. employers added 311,000 jobs in February, only a modest slowdown from the previous month, indicating the labor market remains hot. The unemployment rate rose to 3.6% from 3.4% in January.

January was a blockbuster month for job creation as the unemployment rate fell to its lowest level in more than 50 years. February's data is released Friday.

Speaking before the Senate Banking Committee, Powell warned the central bank may have to raise interest rates even more, sending stock markets sharply lower.

Federal Chairman Jerome Powell testifies before a Senate committee Tuesday morning. He'll likely be asked about the Fed's effort to curb inflation and how much higher interest rates are likely to go.

Former Federal Reserve official Lael Brainard started her new job at the White House this past week. She'll be running the National Economic Council — a clearinghouse for administration policy.

Americans began the new year with a spending spree, but businesses are not sure how long it can last. There's a lot riding on the answer, since consumer spending is the backbone of the U.S. economy.

Consumers began 2023 with a surprisingly strong spending spree, but businesses aren't sure it will last. People's spending will play a big role in shaping the economic outlook and future of inflation.

Inflation cooled only slightly last month as the cost of housing, food and gas rose. Consumer prices in January were 6.4%, compared to a 6.5% inflation rate the month before.

Annual inflation cooled in January for the seventh month in a row. But price increases accelerated between December and January, fueled by rising shelter, food and gasoline prices.

The Labor Department reports Tuesday on consumer prices for January. Inflation looks better when compared to prices from a year ago. But looking at prices from a month ago, it is less encouraging.

While supermarket inflation is still high, there are savings to be found on Super Bowl snacks. Prices for chicken wings and guacamole have fallen sharply since last year's big game.

President Biden and Arkansas Gov. Sarah Huckabee Sanders had different takes on the state of the economy last night. By many measures, the economy is improving, but many Americans don't feel that way.

US employers added over 500 thousand jobs last month, far more than forecasters expected. The unemployment rate fell to its lowest level in more than 53 years, and President Biden is taking credit.

U.S. employers added more than half a million jobs in January — far more than forecasters had expected. The unemployment rate fell to its lowest level in more than half a century.

U.S. employers added 517,000 jobs in January, as the unemployment rate fell to 3.4% . The job market remains tight, despite signs of a slowing economy.

The U.S. job market remains tight, with unemployment at or near a half-century low. The Labor Department reports Friday morning on job gains for the month of January.