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Christopher Rugaber, Associated Press

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Christopher’s Recent Stories

Economy Mar 29

Labor Department says U.S. job openings remain at historic highs

Job openings stayed at a near-record level in February, little changed from the previous month, continuing a trend that Federal Reserve officials see as a driver of inflation.

Economy Mar 21

Powell says the Federal Reserve will hike further and faster if necessary

His remarks caused a sharp drop in the stock market with its implication that potentially much higher rates could be on the way for mortgages, auto loans, credit cards and other consumer and business borrowing.

Economy Mar 16

How will higher interest rates affect American finances?

Americans who have long enjoyed the benefits of historically low interest rates will have to adapt to a very different environment as the Federal Reserve embarks on a period of rate hikes to fight inflation.

Economy Mar 16

WATCH: Federal Reserve chair Powell gives update on federal interest rate policy

The Federal Reserve launched a high-risk effort Wednesday to tame the worst inflation since the 1970s, raising its benchmark short-term interest rate and signaling potentially up to seven rate hikes this year.

Politics Mar 15

Federal Reserve pick Sarah Bloom Raskin withdraws nomination amid opposition

Republicans argued that Raskin would use the Fed's regulatory authority to discourage banks from lending to oil and gas companies.

Politics Mar 10

U.S. inflation hits new 40-year high, jumping 7.9 percent over past year

Propelled by surging costs for gas, food and housing, consumer inflation jumped 7.9 percent over the past year, the sharpest spike since 1982 and likely only a harbinger of even higher prices to come.

Economy Mar 04

U.S. added 678,000 jobs in February in sign of economic health

U.S. employers added 678,000 jobs in February, another solid gain that underscored the economy's robust health as the omicron wave fades and more Americans venture out to spend at restaurants, shops and hotels despite surging inflation.

Politics Mar 03

WATCH: Federal Reserve chair Powell says Ukraine invasion will worsen inflation

Federal Reserve Chair Jerome Powell warned Thursday that Russia's invasion of Ukraine, which has already driven up oil prices, will likely further magnify the high inflation that has engulfed the U.S. economy.

Politics Mar 01

WATCH: Biden banning Russia from U.S. airspace because of Ukraine

President Joe Biden announced Tuesday night in his State of the Union address that the U.S. is banning Russian flights from its airspace in retaliation for the invasion of Ukraine.

Economy Feb 25

Key inflation gauge hit 6.1 percent in January, highest since 1982

An inflation gauge that is closely monitored by the Federal Reserve jumped 6.1 percent in January compared with a year ago, the latest evidence that Americans are enduring sharp price increases that will likely worsen after Russia's invasion of Ukraine.

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