Scott Horsley

Consumer prices in April were up 3.4% from a year ago — a smaller annual increase than the month before.

The latest report, will not only give an update on inflation, it could also indicate if the Federal Reserve will resume lowering interest rates.

The Federal Reserve Bank of New York says a growing number of card user are falling behind on their monthly credit card bills. Fallout from years of rising prices and high interest rates.

Social Security benefits are facing an automatic cut in less than 10 years unless changes are adopted. The report from Social Security trustees predicts the fund will be exhausted in November of 2033.

Restaurant earnings and pricing tell us the economy is still troubled by inflation but not badly enough for consumers to give up eating out.

U.S. employers added 175,000 jobs in April. That's the smallest number in six months. A gradual cooling of the job market may help to ease concerns about inflation.

The Labor Department reports Friday morning on April job gains and the monthly unemployment report. Job growth accelerated in the first three months of the year.

The Federal Reserve held interest rates steady, and investors now think borrowing costs could stay higher for months to come. Inflation remains stubbornly above the Fed's 2% target.

The U.S. economy grew more slowly than expected in the first three months of the year. But consumers are still spending money — especially on services such as travel and restaurant meals.

The Commerce Department reports Thursday on economic growth for January, February and March. Robust consumer spending is helping to keep the economy chugging along.

Why is there a disconnect at times between good news about the economy, and how voters actually feel about the economy? And how is that likely to play out in the 2024 election?

President Biden has called for more tariffs on Chinese steel and aluminum. Both Democrats and Republicans have adopted more protectionist policies in the run-up to the November election.

Rental prices have been leveling off across the country, but you wouldn't know that from the official inflation statistics.

Senators quizzed IRS Commissioner Danny Werfel about the just-finished tax-filing season and what's ahead for the government's tax collector.

There are only a few days left to file your taxes this year. The filing season got off to a slow start, but it's picking up steam as we head for the finish line.

People who've tried a new IRS system that allows taxpayers to file digital returns directly with the government for free say it's fast and easy to use. But the rollout has been limited.

She visited a solar cell factory to highlight the domestic manufacturing incentives in the Inflation Reduction Act. Solar energy accounts for more than half the new power added to the grid last year.

With less than a month to go before the tax-filing deadline and as it experiments with a new way for people to file electronic returns, the IRS says this year's tax season is proceeding smoothly.

Home sales picked up last month. But with high prices and interest rates, buying a home is still out of reach for many. And changes to real estate commissions will soon add another wrinkle.

Fed policymakers voted to keep their benchmark interest rate at a two-decade high, where it's been since last summer. The stock market rallied on signals that the central bank expects to lower rates.