Matt Grossman

President Trump's nominee to lead the Bureau of Labor Statistics pledged Wednesday to defend the integrity of official economic data, pushing back against Democrats' concerns about White House interference at his Senate confirmation hearing. The agency produces the government's inflation and employ

Prices charged by American producers continued to shoot higher in May, the Labor Department said Thursday, marking another month of elevated wholesale inflation. The producer-price index rose by 1.1% last month, the same pace as in April. Analysts polled by The Wall Street Journal were expecting

Wednesday's consumer-price data showed some cooling in underlying inflation trends. But the numbers are unlikely to provide much reassurance to Federal Reserve officials who have grown concerned about accelerating inflation. The

The Michigan consumer-sentiment index bounced off its all-time low set in May to rise to 48.9 in the initial June reading, from 44.8 a month earlier.

Prices on U.S. energy imports rose at a slower rate last month as the global economy adjusted to the effects of the Iran conflict, but overall growth in import prices remained elevated, the Labor Department reported.

Even in a terse policy statement, Federal Reserve officials went out of their way to signal continuity on Fed balance-sheet policy. “The Committee reaffirmed its policy of maintaining ample reserves in the banking system,” the statement reads in part, a hint that Wednesday’s meeting ended without a

One of the main debates heading into Wednesday’s Federal Reserve meeting had been whether officials would remove language in the official statement known as an “easing bias.” It was a phrase that had signaled that the next move in rates was likelier down than up. Forget that debate. Now, there is s

New task forces, new projections, rate increases on the horizon – it was an eventful first meeting for the central bank's new head.

The Supreme Court is expected to rule by the end of June in the Fed governor’s battle to keep her job.

Few policymakers left a deeper mark on the American economy than the towering Fed chairman.