Author: Elisabeth Buchwald, USA TODAY

Inflation is hovering at 7.7%, a slight improvement from September. But some prices are coming down providing a little bit of relief to Americans

The Federal Reserve hiked its interest rates by 0.75 percentage point to fight inflation. The aggressive hikes risk igniting a recession.

Economists widely predict the U.S. will enter a recession next year. Take the time now to build up savings and pay off debt, financial advisors say.

Buy now, pay later companies like Affirm and Afterpay are seeing delinquencies tick up. That may cause them to deny access to certain users.

Social Security COLA will increase by 8.7% in 2023. The adjustments are based on the CPI-W, a broad inflation measure

Ahead of the Fed’s 75-point rate hike, JPMorgan Chase CEO Jamie Dimon urged lawmakers to “be prepared for the worst.”

Gas prices fell by 20% since their June peak. But Americans are getting hit with higher costs of utilities and child care, canceling out savings.

During the pandemic, credit scores hit new highs. But now they’re leveling off as consumers are saddled with more debt and inflation is high

All eyes are on Fed Chair Jerome Powell’s Jackson Hole conference speech. It’s unlikely that he’ll hint at the size of the Fed’s next rate.

Inflation may have peaked, but consumers are still seeing much higher prices than last year. In July, some of the highest were eggs and coffee.