Megan Leonhardt

The Bureau of Economic Analysis is due to release the July personal consumption expenditures price index data and the second estimate of second-quarter gross domestic product on Wednesday morning.

The Fed’s benchmark inflation gauge revealed that inflation was a bit stronger than expected in July. The personal consumption expenditures, or PCE, index climbed 0.2% month over month in July, hitting 3.7% year over year, according to the latest data released by the Bureau of Economic Analysis on

Personal income increased $115.1 billion, or 0.4%, in July. That's an uptick from June's 0.2% gain. Disposable personal income—which the BEA characterizes as personal income less personal current taxes—increased $125.9 billion, or about 0.5%.The BEA reported that the uptick was largely driven by

Americans managed to sock away more money last month. The personal saving rate—personal saving as a percentage of disposable personal income—was 3% in July.That's a bit of a rebound from June's revised 2.6% rate, which was roughly a four-year low point. July's rate was the highest in three months

Cook's legal team sent a five-page letter and exhibits to the White House on Wednesday to defend against fraud allegations.

Investors want Federal Reserve Chairman Kevin Warsh to explain in his speech at Jackson Hole his framework for thinking about monetary policy. He hasn’t done so yet.

Kevin Warsh's success as Federal Reserve chairman may rest, in part, on his willingness to explain in his Jackson Hole speech his framework for thinking about monetary policy.

Inflation has cooled in recent months as gasoline prices have retreated, but Federal Reserve Chairman Kevin Warsh said Friday that isn’t enough to prove price growth trends are heading in the right direction.

Inflation has cooled in recent months as gasoline prices have retreated, but Federal Reserve Chairman Kevin Warsh said Friday that isn't enough to prove price growth trends are heading in the right direction.

Inflation has cooled in recent months as gasoline prices have retreated, but Federal Reserve Chairman Kevin Warsh said that isn’t enough to prove price growth trends are heading in the right direction.