Harriet Torry

Federal Reserve officials tweaked their forecasts for growth, inflation and unemployment only slightly in their latest set of economic projections. Their median projection is now for 0.4% growth in gross domestic product this year compared with the fourth quarter of the prior year, down from a 0.5%

International lender sees demographics, war and pandemic aftereffects holding back growth.

Economists surveyed by The Wall Street Journal estimated that retail sales fell 0.5% in March after adjusting for typical seasonal patterns but not inflation.

The sale of First Republic Bank to JP Morgan Chase “is an important step toward drawing a line under that period of stress,” Fed Chair Jerome Powell said in response to a questio

Fed Chair Jerome Powell says support for the FOMC’s latest quarter-percentage-point interest-rate increase was very strong across the board. “There’s a sense that we’re much closer to the end of this than the beginning,” he said, noting monetary tightening through various channels. Given the speed

Here are four factors to watch as policy makers consider pausing interest-rate hikes.

Loan officers at U.S. banks told the Federal Reserve they tightened lending standards for households and businesses, and saw reduced demand in the first quarter, amid turmoil in the banking sector. “On balance, banks widely reported expecting to tighten their lending standards over the rest of the

President Biden’s pick for the Federal Reserve’s No. 2 position has focused on monetary policy and poverty issues.

A once-in-a-generation convergence of technology and pressure to operate more efficiently has corporations saying many lost jobs may never return.

Economists estimate that Americans increased consumer spending last month and that price increases remained elevated.