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.
Economy Nov 02 WATCH: Federal Reserve Chair Jerome Powell faces questions after interest rate decision The Federal Reserve pumped up its benchmark interest rate Wednesday by three-quarters of a point for a fourth straight time to fight high inflation but also hinted that it could soon reduce the size of its rate hikes.
Economy Oct 14 How inflation spread across different sectors, making it harder to tame What keeps driving inflation so high? The answer, it seems, is nearly everything.
Economy Oct 13 Costs of housing and services accelerated U.S. inflation in September The jump in inflation last month is a sign that the Fed’s five rate hikes this year have so far done little to cool inflation pressures.
Economy Oct 04 U.S. job openings fell in August, potentially calming inflation The number of available jobs in the U.S. plummeted in August compared with July, a sign that businesses may pull back further on hiring and potentially cool chronically high inflation.
Economy Sep 22 Federal Reserve Chair Jerome Powell says inflation fight may cause a recession The Federal Reserve delivered its bluntest reckoning Wednesday of what it will take to finally tame painfully high inflation: Slower growth, higher unemployment and potentially a recession.
Politics Sep 21 WATCH: Fed raises key interest rate by three-quarters of a point The Fed’s move boosted its benchmark short-term rate, which affects many consumer and business loans, to a range of 3 percent to 3.25 percent, the highest level since early 2008.