Megan Henney

Used car prices have skyrocketed close to 45% over the past year as a result of pandemic-induced supply chain disruptions and a semiconductor shortage.

Florida is sending qualifying families stimulus payments worth up to $450 per child in order to offset the pain of higher prices after inflation hit a new record high in June.

President Biden's economic team is trying to redefine what constitutes a recession ahead of what is expected to be a dismal second-quarter GDP reading next week.

U.S. inflation is likely to remain elevated in coming months as a result of skyrocketing housing costs, which economists warn could be slow to moderate.

Sen. Chuck Grassley plans to introduce a bill on Thursday that would index certain tax benefits to inflation to ensure that higher prices do not erode the credits.

The Labor Department on Thursday released new data on jobless claims, revealing that the labor market is beginning to cool as the Federal Reserve raises interest rates.

The odds of a global recession are about 50%, Citi economists said in a new analyst note, warning there is a "real and present danger" of a downturn.

Rising mortgage rates combined with the steady increase in home prices has pushed prospective homebuyers out of the market in recent months, new data shows.

There is a "dire level" of pessimism among fund managers, according to a new Bank of America survey, which painted a bleak picture of sentiment on Wall Street.