Scott Horsley

U.S. employers added 428,000 jobs in April, as the unemployment rate held steady at 3.6%.

The Labor Department reports on monthly job gains for April Friday morning. The month began with a record number of job openings, which is good for prospective employees.

The Federal Reserve on Wednesday raised interest rates by half a percentage point, as it escalates its fight against inflation.

The Federal Reserve raised interest rates by half a percentage point Wednesday, in an effort to cool off demand and lower inflation. Consumer prices have been rising at the fastest pace in 40 years.

The Fed is likely to raise interest rates by a half-percentage point Wednesday, in an effort to crack down on inflation. It's the first rate hike of that size in more than two decades.

The Federal Reserve is expected to approve its largest interest rate hike in more than two decades this week. Additional rate increases are likely, as the Fed tries to regain control over inflation.

Consumer spending grew more than expected in March, continuing to drive the economic recovery. Wages are also climbing, which could feed higher inflation.

U.S. GDP shrank in the first few months of the year, but the economy may be sturdier than it looks.

Yellen's counterparts from the U.K. and Canada joined the walkout to protest Russia's invasion of Ukraine.

Americans have cut back what they're buying at gas stations and grocery stores in response to rising prices. But their spending overall has remained fairly steady.

Inflation isn't just an American problem — it's happening in places around the world and stretching some countries to the point of political unrest.Many

With inflation at a four-decade high, a growing number of forecasters worry the U.S. economy may be headed to a recession as the Fed gears up to raise interest rates aggressively.

Consumer prices in March were up 8.5% from a year ago — the sharpest increase since December of 1981. Stubbornly high inflation is a challenge for the U.S. economy and the Biden administration.

Inflation in March was the highest since December of 1981, with prices up 8.5% from a year ago. Rising prices are especially hard on low-income people, who spend more of their money on necessities.

High inflation and the resulting crackdown by the Federal Reserve are fueling worries that the U.S. could be headed for a recession.

U.S. employers added 431,000 jobs in March, as the unemployment rate fell to 3.6% from 3.8% in February. The tight job market is putting upward pressure on both wages and prices.

The Labor Department is issuing its monthly report card on jobs and unemployment. The job market has been unusually tight, which is pushing up both wages and prices.

Soaring gasoline prices have fueled increased demand for electric cars, hybrids and smaller gasoline-powered vehicles. But shoppers may not find much to choose from.

High gasoline prices are boosting demand for more fuel-efficient vehicles. But some customers shopping for hybrids or electric cars are turned off by the rising sticker prices and limited selection.

The Federal Reserve raised interest rates today for the first time since 2018, in an effort to tamp down inflation. Additional rate hikes are likely in the months to come.