Fed officials acknowledged risks to the economy in March's meeting but remained confident enough in the recovery to continue a planned rate hike this year.
More research is needed to understand what policies allow people to move up the economic ladder and what holds them back, Fed Chair Janet Yellen says.
Ben Bernanke, who spent eight years as the head of the nation's central bank carefully watching his every comment, is getting a new title - blogger.
Consumer spending barely rose in February as households boosted savings to their highest level in more than two years.
An interest rate hike by the Federal Reserve may be warranted later this year, with a gradual path expected to follow, the central bank's chief says.
Consumer prices rebounded in February as gas prices rose for the first time since June, and there were also signs of an uptick in inflation pressures.
All 10 S&P sectors rise as the Federal Reserve removes the word patient from its language on when to raise interest rates.
The Federal Reserve moved a step closer Wednesday to a much anticipated first rate hike since 2006 by removing the word patient from its language.
Just as the Federal Reserve seems to be inching toward an interest rate hike because of the strengthening job market, its task is getting more complicated.
Surrounding this week's Fed policy meeting is the expectation that it will no longer use 'patient' to describe its stance on raising interest rates.
Producer prices unexpectedly fell in February, pointing to muted inflation pressures that could argue against an anticipated Fed rate hike in June.
The Fed says the economy was growing at a moderate pace through mid-February despite severe winter storms that had disrupted activity in some regions.
Yes, it will cost more to visit the world's largest theme park resort. It's just not as big a deal as you might think.
Consumer spending fell for a second consecutive month in January, weakness that was expected to be temporary, as incomes grew.
The economy is making steady progress, but the Fed remains patient in raising interest rates, Federal Reserve Chair Janet Yellen tells Congress.
Cheesecake Factory warns of a larger-than-usual price hike. Chipotle, Chili's and Ruby Tuesday have noted increased costs that will be passed along to you.
Federal Reserve policymakers expressed concern last month that raising interest rates too soon could pour cold water on the U.S. economic recovery.
Housing starts fell last month as ground breaking for single-family homes slipped, but stayed at levels consistent with a slowly improving housing market.
U.S. consumer spending slipped in December, as the pace of motor vehicle sales slowed and more Americans saved their money.
Stocks end Wednesday's session lower, driven by a sharp decline in the S&P 500 energy sector, after the Fed said the economy was growing at a solid pace.
The Federal Reserve is reiterating that it will be patient in raising rates from record lows but is signaling concern about excessively low inflation.
Single-family home price appreciation slowed further in November as lean inventories and tight lending standards limited housing activities.
Consumer prices recorded their biggest decline in six years in December and underlying inflation pressures were benign, a government report shows.
The Postal Service proposes slight increases for mailing postcards and international letters but wants to leave first-class stamps at 49 cents.
Producer prices in December recorded their biggest fall in more than three years on tumbling energy costs while underlying inflation pressures were muted.
Hiring keeps rising, and unemployment keeps falling. Eventually, pay and inflation are supposed to start surging in response. But that's not happening.