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Christopher Rugaber, Associated Press

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Christopher’s Recent Stories

Economy Feb 13

U.S. inflation sees slight decline but remains above Fed target

The costs of physical goods, including clothing, used cars and prescription drugs, fell for a third straight month. Lower prices for goods are the key driver that is cooling inflation.

Economy Feb 08

Inflation is nearly back to 2 percent. So why isn’t the Federal Reserve ready to cut rates?

Inflation, as measured by its preferred gauge, rose in the second half of 2023 at an annual rate of about 2 percent — the Fed's target level.

Politics Jan 31

WATCH: Federal Reserve signals that interest rate cuts aren’t imminent and leaves them unchanged for now

The Federal Reserve indicated Wednesday that it’s nearing a long-awaited shift toward cutting interest rates, a sign that its officials have grown confident that they're close to fully taming inflation. But the Fed also signaled that the first rate cut is likely…

Economy Jan 29

Economists expect Federal Reserve to cut rates sometime this year as inflation slows

Inflation is getting close to the Fed’s target rate, the economy is still growing at a healthy pace and the unemployment rate is near a half-century low. Most economists say they expect the first rate cut to occur in May…

Economy Jan 24

Americans’ economic outlook brightens as inflation slows and wages outpace prices

After an extended period of gloom, Americans are starting to feel better about inflation and the economy — a trend that could sustain consumer spending, fuel economic growth and potentially affect President Joe Biden's political fortunes.

Economy Jan 24

Inflation slows, incomes rise, and Americans are much more optimistic about the economy

A survey by the Federal Reserve Bank of New York found that Americans' inflation expectations have reached their lowest point in nearly three years.

Economy Dec 13

Federal Reserve keeps key interest rate unchanged and foresees 3 rate cuts next year

Those envisioned rate cuts — which wouldn't likely begin until the second half of 2024 — suggest that the officials think high borrowing rates will still be needed for much of next year to further slow spending and inflation.

Politics Dec 13

WATCH: Federal Reserve Chair Jerome Powell holds news briefing following interest rate meeting

The Federal Reserve kept its key interest rate unchanged Wednesday for a third straight time, and its officials signaled that they expect to make three quarter-point cuts to their benchmark rate next year.

Economy Dec 12

November inflation dips as gas prices fall, but services and used cars remain expensive

The mixed picture in Tuesday’s inflation report will likely keep the Fed on track to leave its benchmark interest rate unchanged when its latest meeting ends Wednesday.

Economy Dec 11

Speculation about eventual rate cuts is rising, but Fed is set to leave interest rates unchanged

With inflation edging closer to the Federal Reserve's 2 percent target, its policymakers are facing — and in some cases fueling — hopes that they will make a decisive shift in policy and cut interest rates next year, possibly as…

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