CNBC Economy

Private payrolls grew by just 132,000 for the month, a deceleration from the 270,000 gain in July, the firm said in its monthly payroll report.

"The problem we have is that the [Fed Chair Jerome Powell] does not understand ... what the causes of inflation are and were," said the Johns Hopkins professor.

Available positions totaled 11.24 million for the month, well in excess of the 10.3 million FactSet estimate, according to the JOLTS report.

Federal Reserve Chair Jerome Powell speaks at the central bank's Jackson Hole, Wyoming, economic symposium on Friday, after the release of key inflation data.

Edmund S. Phelps discusses the need to reboot US growth and productivity and cool current economic demand.

Facing soaring energy bills, rising costs and rapidly declining consumer purchasing power, small businesses across the U.K. are struggling to make ends meet.

The consumer outlook for inflation tumbled in July amid a sharp drop in gas prices and a belief that the surges in food and housing also would ebb.

Prices that consumers pay for a variety of goods and services rose 8.5% in July from a year ago, a slowing pace from the previous month.

Global food prices slid in July, but there are doubts over whether the good news will last as, among other things, the Russia-Ukraine grain deal appears shaky.

If inflation has been the biggest threat to U.S. economic growth, then July's data should provide signs that there's at least some relief in the pipeline.

With Americans already paying huge bills for food, energy and a host of other items in their daily lives, any respite is a welcome one.

The producer price index, which gauges the prices received for final demand products, fell 0.5% from June.

Retail activity was flat in July as falling fuel prices held back gas station sales and consumers turned more heavily to online shopping.

While overall inflation remains high, the prices of some common items are beginning to tick down.

St. Louis Fed President James Bullard said the central bank will continue raising rates until it sees compelling evidence that inflation is falling.

You'd be hard-pressed now to find a recession in the rearview mirror. What's down the road, though, is another story.

If the U.S. economy is in recession, someone forgot to tell the jobs market.

The Fed's path to bringing down inflation while keeping the economy from a downturn is still open but getting narrower, according to Goldman Sachs.

Jobless claims totaled 250,000 for the week ended Aug. 13, down 2,000 from the previous week and below the 260,000 Dow Jones estimate.

Brits are using cash as a way to manage their budgets as inflation in the country is expected to peak at over 13% in October.