Scott Horsley

Rising coronavirus cases are forcing the cancellation of sporting events, Broadway shows and in-person meetings. Economic fallout from the new omicron variant could come next.

The Federal Reserve is paving the way for interest rate hikes next year after inflation accelerated to a near 40-year year high in November.

The Federal Reserve is opening the door to possible interest rate hikes earlier next year than had been expected, as it wrestles with the highest inflation in nearly four decades.

Faced with the highest inflation in nearly four decades, the Federal Reserve is expected to adjust its economic support Wednesday. That could set the stage for raising interest rates next year.

Rent costs more this year. So does wrapping paper. Consumer prices overall were up 6.8% in November. That's the highest level of inflation since 1982.

Businesses across the country, from restaurants to retail, must decide when, not if, to raises prices and by how much.

Hiring slowed sharply last month, even as the unemployment rate fell to 4.2%. Data from the Labor Department suggest the economy was losing steam even before the appearance of a new COVID-19 variant.

The latest jobs report from the Labor Department will be a snapshot of the job market before the arrival of the new coronavirus variant.

Partridge prices are flat this year, but a pear tree will cost you more. Compared to overall inflation, though, the gifts in the song could be a relative bargain.

The stock market took a dive on Tuesday, as investors fretted about the new coronavirus variant and the prospect of more long-lasting inflation.

Stocks fell on Tuesday as investors weighed the potential economic fallout from the new coronavirus variant. Federal Reserve Chair Jerome Powell said the central bank could end its bond-buying early.

President Biden highlighted the strength of the U.S. economy Tuesday afternoon, while also addressing rising prices. The administration is trying to lower gasoline prices, a major driver of inflation.

President Biden plans to stick with Jerome Powell as chairman of the Federal Reserve. The Fed is wrestling with an uneven recovery and the highest inflation in more than three decades.

President Biden plans to re-nominate Jerome Powell to lead the Federal Reserve for four more years. Powell has steered the central bank through the pandemic recession. Now he must take on inflation.

President Biden has tapped Jerome Powell to serve a second term as chairman of the Federal Reserve. Fed governor Lael Brainard will serve as vice chairman.

President Biden has tapped Jerome Powell to serve a second term as chairman of the Federal Reserve as the economy faces huge challenges, including surging inflation.

Inflation is the highest it's been in more than 30 years, imposing a financial burden on households and putting President Biden under pressure.

Retailers are racing to get merchandise onto store shelves in time for the busy holiday shopping season. But with ports and warehouses overflowing, many orders are tied up in traffic.

NPR's Ailsa Chang talks with White House economic adviser Brian Deese as inflation soars to its highest in 30 years.

Consumer prices were 6.2% higher in October than a year ago as inflation continues to chip away at the buying power of households across the country.