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

By Christopher Rugaber, Associated Press

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…

WATCH: Yellen delivers remarks in Chicago on U.S. economic growth and investments

By Fatima Hussein, Associated Press

Treasury Secretary Janet Yellen is visiting the Midwest this week to make a case for the Biden administration's economic agenda and offer a reminder about the Trump administration tax cuts, which she says added to the deficit and did little to promote…

U.S. economy surprises with strong 3.3% growth in last quarter

By Paul Wiseman, Associated Press

The gross domestic product decelerated from its sizzling 4.9% growth rate the previous quarter.

FAA approves inspection process that could clear the way for grounded Boeing planes to fly again

By David Koenig, Associated Press

The Federal Aviation Administration said Wednesday that it approved an inspection and maintenance process that the planes must go through. After that, they will be allowed to carry passengers again.

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

By Christopher Rugaber, Associated Press

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.

Biden administration targets transaction-declined fees, considered another type of bank 'junk fee'

By Ken Sweet, Associated Press

The Biden administration has proposed banning another type of bank "junk fee," targeting fees that are typically charged by banks when a transaction is declined in real time.

Washington state reaches $149.5 million settlement with Johnson & Johnson over opioid crisis

By Manuel Valdes, Hallie Golden, Associated Press

Attorney General Bob Ferguson's announcement Wednesday comes as opioid overdose deaths have risen across the state, with 2,048 in 2022. That's more than twice as many deaths as there were in 2019.

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

By Christopher Rugaber, Associated Press

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

Tribes, environmental groups ask U.S. court to block $10 billion energy transmission project in Arizona

By Susan Montoya Bryan, Ken Ritter, Associated Press

A filing in U.S. District Court in Arizona aims to block Pattern Energy's SunZia transmission project through the San Pedro Valley east of Tucson.

Trade resumes as Pakistan and Afghanistan reopen Torkham border crossing after 10 days

By Associated Press

Truckers for years have been able to cross the border without documents, so they generally do not have them. But Pakistan began mandating truck drivers have visas last week.