The S&P 500 index hit 5,000 for the first time ever, propelled by Wall Street's optimism the Federal Reserve is going to cut interest rates.

U.S. employers added 353,000 jobs in January — far more than forecasters expected. The sizzling job market is good for workers but could cause the Federal Reserve to postpone a cut in interest rates.

The Federal Reserve held interest rates steady on Wednesday, but indicated that rates could fall in the coming months if inflation continues to cool.

The index surged over 1% to hit a record high, surpassing the previous peak hit around two years ago, driven by big gains in large tech companies and by hopes about the economy.

Inflation has cooled significantly recently, but you may still find yourself paying more at the grocery store. What gives? Here's a primer on what easing inflation actually means.

The Federal Reserve held interest rates steady on Wednesday, amid signs of easing inflation. The central bank signaled that its benchmark borrowing rate may start to fall next year.

The S&P 500 has surged this year, but most of those gains are thanks to a handful companies nicknamed "The Magnificent Seven." And that's worrying Wall Street.

Consumer prices rose 3.1% in November from a year ago, marking a more moderate pace of inflation thanks in large part to falling gasoline prices.

Consumer prices last month were 3.2% higher than the month before — a smaller annual increase than the previous month. A sharp drop in gas prices in October helped to offset rising rents.

The Federal Reserve left interest rates unchanged Wednesday, but left the door open to additional rate hikes in the future, if necessary, to curb inflation.

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.

A new survey from the Federal Reserve finds that family finances overall improved in recent years, despite the economic upheaval caused by the pandemic.

Social Security beneficiaries will receive a 3.2% cost of living adjustment next year. Inflation has been moderating recently, with consumer prices in September up 3.7% from a year ago.

U.S. employers added about twice as many jobs in September as forecasters expected. That's good for people looking for work, but the strong report could complicate the Fed's effort to curb inflation.

Employers added 336,000 jobs in September, far more than expected. It's good news for people looking for work, but the strong labor market could complicate the Fed's fight against inflation.