Overall CPI in December was up 3.4% from a year ago. The cost of motor vehicle insurance rose 1.5% in December from November, marking a 20.3% increase compared to the previous year.

Bonds are being pummeled as investors fear interest rates will stay higher for longer because of high inflation. That will raise borrowing costs across the economy even more.

Amid heightened uncertainty about the global economy, all three U.S. indexes are in a bear market as the third quarter comes to a close.

Customarily, the Fed and other central banks do as much as they can to keep markets calm. This time they're the reason behind the volatility.

The Federal Reserve is expected to raise its benchmark interest rate by another three-quarters of a percentage point amid fears of a looming recession.

All that whipsawing on Wall Street in the first half of the year reflects real nervousness. Investors are worried the Fed may tip the economy into a recession.

In a new book, Ben Bernanke explains how and why the U.S. Federal Reserve has evolved to play such an important role in the economy.

Stocks continue to slump on fears about inflation – and whether the Federal Reserve can bring down prices without sparking a recession.

The declines come a day after the Federal Reserve raised interest rates by the most in over two decades as it embarks on a high-stakes fight to bring down inflation.

Markets jumped after Fed Chair Jerome Powell said the central bank was not contemplating bigger rate hikes than the half-a-percentage-point increase it delivered on Wednesday.

Stocks were pummeled on Friday with the Nasdaq slumping more than 4% to post its worst month since 2008. Why things have gotten so bad in Wall Street.

The Federal Reserve is considering whether to adopt a digital version of the dollar, one better suited to a world where we are already using Venmo and Apple Pay. Here's what to know.

Prices for a range of goods from used cars to bacon surged last month, pushing consumer inflation to 4.2% in April, the highest since September 2008.

The Fed will comply with a request from the Treasury Department to wind down coronavirus emergency lending programs after the central bank had earlier objected to the move.

In an interview with NPR, Powell says it may take years before the economy has fully recovered. He says practicing social distancing and wearing masks is essential for the economy to rebound.