Federal Reserve Chair Jerome Powell won praise for his deft leadership during the maelstrom of the pandemic recession. As threats to the U.S. economy have mounted, though, Powell has increasingly struck Fed watchers as much less sure-footed. Inflation has proved higher and far more persistent than he or the Fed's staff economists had foreseen.

(Kitco News) - Hedge funds fled the gold market in anticipation of the Federal Reserve's biggest rate hike in 28 years, according to the latest trade data from the Commodity Futures Trading Commission.

Stagflation refers to a combination of high inflation and high unemployment. Here's why experts are worried the economy may be susceptible to those conditions.

As inflation has crept up to the highest level in more than 40 years in recent months, the issue of rising costs of living has also climbed to the top of Americans’ mind.