CNBC Economy

The U.S. unemployment rate fell for Black women last month, but labor force participation also slipped for the group.

Nonfarm payrolls were expected to increase by 250,000 in June, according to Dow Jones estimates.

The Fed is well on its way to another sharp interest rate hike in July and perhaps September as well, even if it slows the economy.

Goldman sliced its outlook for second-quarter GDP to an annualized gain of just 0.7%, down from the previous expectation of a 1.9% increase.

Members said the July meeting likely also would see another 50 or 75 basis point move on top of a 75 basis point increase approved in June.

Raising interest rates to tame demand isn't the right solution, as high prices have been driven mainly by supply chain shocks, one analyst said. 

A Federal Reserve tracker of economic growth is pointing to an increased chance that the U.S. economy has entered a recession.

Core personal consumption expenditures prices, excluding food and energy, rose 4.7% from a year ago, slightly less than expected.

Federal Reserve Chair Jerome Powell vowed Wednesday that policymakers would not allow inflation to take hold of the U.S. economy over the longer term.

Federal Reserve Chairman Jerome Powell speaks Wednesday to a European Central Bank forum on central banking.

New York Fed President John Williams said he expects the economy to avoid recession even as he sees significantly higher rates to control inflation.

Fed Chairman Jerome Powell said Wednesday that the central bank is determined to bring down inflation and has the ability to make that happen.

Federal Reserve officials rolled out strong language Friday to describe their approach to inflation, promising a full-fledged effort to restore price stability.

Talk of a recession has accelerated this year as inflation remains high and the Federal Reserve takes aggressive steps to counter.

Inflation has been pushing prices higher, and shoppers are feeling the pressure as they pay more for goods like groceries and gas.

The Federal Reserve suddenly finds itself second-guessed as it tries to navigate the economy through inflation and away from recession.

Federal Reserve Chairman Jerome Powell on Friday reiterated the central bank's commitment to bringing down inflation.

The three biggest inputs for the consumer price index, the most widely followed measure of inflation, are food, energy and shelter.

The trouble is, the Fed's likely to get a recession anyway as data shows the economy is a far cry from stable.

The Federal Open Market Committee released its decision on interest rates Wednesday, with markets expecting a three-quarter point hike.