John Carney

The announcement that President Biden has halted his campaign to seek a second term puts pressure on the Federal Reserve to hold off on interest rate hikes until after the election.

Existing-home sales in the US plunged to one of the lowest levels seen since 2010 last month, as would-be sellers held out for better mortgage rates and buyers flinched at sky-high prices.

Kamala Harris has been a fervent supporter of Joe Biden's unpopular economic policies, which makes it hard to convince Americans that things will change if they vote for her.

Democrat strategists hope that Kamala Harris can avoid responsibility for the inflation surge that soured the public on President Biden but the

The Truth About Tariffs and Taxes The resurgence of claims that Donald Trump's proposal for a 10 percent across-the-board tariff amounts to

The U.S. economy grew at an annual pace of 2.8 percent in the second quarter, much faster than the two percent forecast by Wall Street analysts.

Economic growth picked up more than expected in the spring, not only undermining the case for rate cuts but also raising the possibility that the Federal Reserve still has not done enough to cool the economy off to bring inflation down to its two percent target.

US consumer sentiment dropped in July to its lowest level in eight months as persistent high prices and stubbornly high inflation continued to erode confidence in personal finances.

The Federal Reserve's go-to inflation gauge showed a slight easing of inflation in June and consumer spending remained solid, bolstering the argument

Kamala Harris Should Be Very Worried About the Consumer Sentiment Slump