Inflation accelerated to a three-year high in May as energy prices surged, real wages declined, and consumers faced growing pressure on household budgets. More

U.S. job growth remained robust in May; however, inflation exceeded wage increases, raising concerns about future economic growth and employment. More

American credit card balances are ballooning. The World Cup begins in less than two weeks and non-hosting towns are seeking to benefit from tourism boom. The US Treasury department is preparing $250 note with President Donald Trump's image. Catch up on the latest Economics in the News. More

Consumer spending slowed in April as inflation hit a three-year high, incomes fell, savings declined, and household financial stress intensified. More