Consumer spending, which comprises the largest share of economic activity, surged in the December quarter, led by a pickup in motor vehicle sales.

Smith said that the top federal tax rate will Increase to 43.4% for 26 million small businesses if Congress fails to act and allows the Section 199A Small Business Deduction to expire.

The European Central Bank is cutting its key interest rate, a step to boost an economy that’s struggling to grow as consumers burned by inflation warily eye price tags and businesses try to chart a ...

The Fed said the job market is “solid,” and noted that the unemployment rate “has stabilized at a low level in recent months.

Gross domestic product increased at a 2.3% annualized rate last quarter after accelerating at a 3.1% pace in the ...

While Powell revealed little about the Fed’s plan of action, it is becoming more likely that interest rates will also be held ...

Safe-haven gold prices rose on Thursday as investors worried about potential import tariffs from U.S. President Donald Trump, while investors awaited a key inflation report to gauge the Federal ...

Recent upticks in inflation- such as a jump to 2.4% in December, above the ECB's 2% target- have caused some jitters ...

Economists say Trump’s second-term tariffs, if carried out as promised, could put even more downward pressure on the economy, because he’s framed them as across-the-board, rather than targeted to ...

The Federal Reserve kept its key interest rate unchanged as officials grappled with uncertainty caused by inflation and ...

In a hearing before the Senate Commerce Committee, Howard Lutnick was asked about an array of policy matters including tariffs, China, inflation, and more.