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Christopher Rugaber, Associated Press

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Christopher’s Recent Stories

Economy Jan 10

World Bank warns of looming global recession

The World Bank warns the global economy will come "perilously close" to a recession this year, led by weaker growth in the world's top economies — the United States, Europe and China.

Economy Jan 06

December unemployment falls slightly to 3.5 percent, tied for a 50-year low

America's employers added a solid 223,000 jobs in December, evidence that the economy remains healthy even as the Federal Reserve is rapidly raising interest rates to try to slow economic growth and the pace of hiring.

Economy Jan 04

Officials cited strong hiring to justify raising interest rates, Fed minutes reveal

Federal Reserve officials suggested at their most recent meeting that a continuing streak of robust hiring could keep inflation elevated and was a key reason why they expected to raise interest rates this year more than they had previously forecast.

Economy Jan 04

U.S. job openings remained high in sign of economic resilience

U.S. job openings slipped in November but remained at high suggesting businesses are still determined to add workers, a blow to the Federal Reserve's efforts to cool hiring and wage gains.

Economy Dec 29

Applications for unemployment benefits see small rise, indicating strength of economy

The number of people seeking unemployment benefits rose modestly last week, the latest sign that the labor market remains strong despite the Federal Reserve's efforts to cool the economy and hiring.

Economy Dec 13

Slowdown in inflation eases some pressure on American households

Inflation in the United States slowed again last month in the latest sign that price increases are cooling despite the pressures they continue to inflict on American households.

Politics Dec 13

WATCH: ‘Economic plan is working’ to slow inflation, Biden says

Consumer prices rose 7.1 percent in November from a year ago, the government said Tuesday. That was down from 7.7 percent in October and a recent peak of 9.1 percent in June.

Economy Nov 17

Federal Reserve official suggests substantial rate hikes may be needed

The Federal Reserve may have to raise its benchmark interest rate much higher than many people expect to get inflation under control, said James Bullard, who leads the Federal Reserve Bank of St. Louis.

Politics Nov 04

Labor market adds 261,000 jobs with U.S. employers still hiring at solid pace

America's employers kept hiring briskly in October, adding a substantial 261,000 positions, a sign that as Election Day nears, the economy remains a picture of solid job growth and painful inflation.

Economy Nov 02

Federal Reserve unleashes another big rate hike but hints at a pullback soon

It was the Fed's sixth rate hike this year — a streak that has made mortgages and other loans increasingly expensive and heightened the risk of a recession.

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