Inflation has been on the rise in the United States, hitting a four decade high of more than nine percent, leaving many Americans with no choice but to dig deeper into their finances just to pay for gasoline, food, healthcare and rent.

Forbes Media CEO Steve Forbes has warned that President Joe Biden’s policy to raise the interest rates in order to solve the inflation problem will “make people poor”.

The average interest rate on the most popular US home loan has climbed to a 12-year high with fewer homebuyers seeking properties in a sign that the Federal Reserve's aim of cooling the housing market may be beginning to bite.

US stock markets fall following a new Fed announcement and news about more Russia sanctions.

Republican senators have blocked votes on President Joe Biden’s five Federal Reserve nominees, leaving the future of the central bank in question amid surging inflation.

A report released by the US Commerce Department shows inflation rate in the United States rose 5.8 percent in 2021.

Fed 'willing to adapt pretty nimbly' amid risk of persistent inflation, says US Federal Reserve Chair Jerome Powell.

The American debt crisis has reached a new high, with household debt passing $15 trillion for the first time in the third quarter, according to the New York Federal Reserve.

The Treasury secretary denies his decision to de-fund emergency COVID-19 programs is aimed at sabotaging the US economy for the next administration.

Asian and European markets dropped on Thursday following Federal Reserve's warning of "uncertain" outlook for the US economy.