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Inflation rises 8.6%, the fastest pace in over 40 years

New research says inflation is rising faster than data suggests

Illustration of a large dollar bill sign balloon being held by a man who is floating slightly off the ground.
Illustration: Aïda Amer/Axios

Business CEOs admit the economy is in a storm

Jamie Dimon
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., during a Bloomberg Television interview in London on May 4. Photo: Chris Ratcliffe/Bloomberg via Getty Images

White House will give Fed "space to do its job" to battle historic inflation

President Joe Biden speaks with Federal Reserve Board Chair Jerome Powell in the background
President Biden announces the reappointment of Fed Chair Jerome Powell in November 2021. (Photo: Alex Wong/Getty Images

The cold truth about paper wealth

Illustration of a saw cutting a gold bar.
Illustration: Aïda Amer/Axios

Key inflation measure stayed steep in April

Top Fed official warns about U.S. falling behind in digital dollar race

Fed vice chair Lael Brainard testifies before Congress
Federal Reserve vice chair Lael Brainard during a Senate confirmation hearing earlier this year. (Photo: Al Drago/Bloomberg via Getty Images)

CBO: Deficits are falling now, are set to soar later

President Biden speaking about inflation and the economy earlier this month. (Photo by Drew Angerer/Getty Images)

Latest borrower squeeze: Credit card rates climb