U.S. economy shrank by 1.6 percent as Americans' disposable income, savings decreased
U.S. Gross Domestic Product decreased by 1.6 percent in the first three months of 2022, the latest federal economic data released Wednesday shows.
U.S. Gross Domestic Product decreased by 1.6 percent in the first three months of 2022, the latest federal economic data released Wednesday shows.
"Stagflation" is an ugly word for an ugly situation - the unpleasant combination of economic stagnation and inflation.
If you plan on holding a July 4 cookout this weekend, expect to pay a lot more than what you paid for last year's meal.
Montana ranchers have had to cull back cattle because of drought and high hay prices, an industry representative said.
Colorado taxpayers will receive more in refunds as the state's economy continues to improve.
Colorado drivers caught a break last week as the price of crude oil dropped, according to data from the American Automobile Association.
Colorado's economy is facing persistent pressure from high inflation and tightening monetary policy, state economists said Tuesday.
The unemployment rate needs to rise to ease the effects of inflation, former U.S. Treasury Secretary Larry Summers says.
President Joe Biden said Monday he would decide on a potential gas tax holiday by the end of the week.
President Joe Biden is calling on oil and gas companies to start steering record profits away from shareholder pockets to give Americans some relief at the pump.