Economic Indicators

Experts offer insights into what parts of the country are best to move to if you're looking to get the most bang for your buck in the real estate market in 2023.

A new projection from GasBuddy suggests that gas prices will decrease next year after record highs in 2022, but they could still hit $4 per gallon by May.

The nation's emergency oil stockpile managed by the Energy Department declined to its lowest level in 39 years last week as gas and oil prices increased, federal data showed.

Inflation showed signs of cooling last month, a welcoming sign for the Federal Reserve as it tries to cool consumer prices with higher interest rates.

The Conference Board's Leading Economic Indicators index fell for the ninth straight month, signaling that a recession is looming on the horizon in the U.S.

GDP estimate revised upward for the third quarter, but Americans are still concerned about inflation, high interest rates and a possible recession.

The U.S. economy is likely headed for a recession in 2023 as a result of the Federal Reserve's fight to kill inflation with steep interest rate hikes.

Federal Reserve rate hikes, high inflation, and worries of recession keep the housing market depressed even though rates fall for sixth week in a row to 6.27%.

Heating costs for homes using natural gas are expected to rise 25% this winter compared with the previous winter, according to the U.S. Energy Information Administration.

Companies across a range of industries are implementing hiring freezes and workforce reductions amid the uncertain economy. Many professionals are still considering quitting anyways.

The number of car repossessions across the United States is on the rise and expected to continue into the new year. Some industry experts say it is a sign of the economy.

Amtrak has unveiled its newest trains. The company said the modern and more sustainable Amtrak Airo will start debuting in 2026 and operate on routes nationwide.

Goldman Sachs is weighing potential layoffs of up to 8% of its workforce in the new year as the economy continues to pose headwinds, a source familiar with the matter said.

Rent prices in November increased 1.23% month-over-month after two months of declines. This pushed median rent prices up above $2,000 yet again. Prices also rose 7.54% annually.

Grocery costs jumped 12% in November compared to a year ago, according to government data. The elevated prices are forcing shoppers to make trade-offs or even forgo certain items.

The ECB said it would raise its key rate to 2% from 1.5%, the highest level since 2009. The bank also said it would reduce its multitrillion-dollar bondholdings starting in March

The U.S. Department of Commerce plans to add over 30 Chinese companies to a trade blacklist next week, according to a new report.

While annual consumer price inflation dipped to 10.7% in November from 11.1% the previous month, inflation remains at levels last seen in the 1970s and early 1980s.

The national average price for regular gasoline is expected to sit around $3 per gallon, according to automobile club AAA. Many states will see their averages fall below $3.

Petroleum market experts criticized California Gov. Gavin Newsom for his recent move to punish oil companies for high profits, saying he was misinformed about economics.