Bryan Mena

Wholesale annual inflation slowed in April, adding to signs that price pressures are easing.

Many economists are predicting a recession later in the year, but one of the industries hurt most in the pandemic is bouncing back to pre-Covid levels.

The Senate Banking Committee is set to grill executives from failed banks Silicon Valley Bank and Signature Bank. Markets will also be paying close attention to the latest retail sales and housing data for any signs that the economy is slowing.

Spending at US retailers rose in April following two months of declines, showing the US consumer is still fueling the economy.

It has been a busy week of public engagements for the Federal Reserve’s top officials. One thing has become clear: There is an intensifying debate about whether to hike again or pause at the next meeting.

The US could default on its debt as soon as under two weeks from now, and cities with a large military presence risk an economic firestorm if lawmakers don’t act.

Former Federal Reserve Chair Ben Bernanke, who steered the central bank during the Great Recession, argued in a newly released paper that the Fed still has more work to do to bring inflation down.

Federal Reserve officials were divided at their last meeting as to whether or not another rate hike was needed to slow the economy, according to minutes from the central bank’s May policymaking meeting, released Wednesday afternoon.

The US labor market picked up momentum in May, once again defying expectations of a slowdown. But Federal Reserve officials are still likely to suspend rate hikes in their upcoming policy meeting because of broader trends pointing to a weakened economy later in the year.

Venture capital titan Sequoia is splitting its business into three independent partnerships, each with separate brands.