Sep 19 WATCH: Biden lauds Fed’s rate cut in speech at Economic Club of Washington, D.C. By Colleen Long, Chris Megerian, Associated Press Biden said Thursday the Federal Reserve's decision to lower interest rates was “an important signal” that inflation has eased as he poked at Donald Trump's economic policies as a failure in the past and sure to “fail again” if revived. Continue reading
Sep 19 Weekly applications for U.S. unemployment benefits fall to the lowest level in 4 months By Matt Ott, Associated Press Jobless claims slid by 12,000, to 219,000, for the week of Sept. 14, the Labor Department reported Thursday. That's fewer than economists' expectations for 230,000 new filings. Continue reading
Sep 18 Watch 5:52 What the first interest rate cut in 4 years means for the Fed’s fight against inflation By Amna Nawaz, Azhar Merchant The Federal Reserve cut interest rates for the first time in four years with an aggressive move that lowers its benchmark rate by a half percentage point. The Fed also said it intended to lower interest rates by a full… Continue watching
Sep 18 WATCH: Federal Reserve Chair Powell speaks after Fed announces interest rate cut By Christopher Rugaber, Associated Press The unusually large half-point rate cut, the Fed’s first in more than four years, reflects its new focus on bolstering the job market, which has shown clear signs of slowing. Continue reading
Sep 18 Wall Street ticks slightly higher ahead of presumed Fed interest rate cut By Yuri Kageyama, Matt Ott, Associated Press Wall Street ticked slightly higher as markets awaited an expected interest rate cut by the U.S. Federal Reserve, the first in more than four years. Continue reading
Sep 16 LISTEN: Court hears arguments in TikTok’s challenge to law forcing sale or ban of social media app By Haleluya Hadero, Associated Press TikTok faced off with the U.S. government in federal court on Monday, arguing a law that could ban the platform in a few short months was unconstitutional while the Justice Department said the measure is critical to eliminate a national… Continue reading
Sep 13 Boeing factory workers go on strike after overwhelming vote to reject contract offer By David Koenig, Manuel Valdes, Lindsey Wasson, Associated Press The strike started at 12:01 a.m. PDT Friday, less than three hours after the union announced 96% of voting workers rejected the proposed contract and 96% approved the work stoppage. Continue reading
Sep 11 U.S. inflation just hit a 3-year low, easing the way for interest rate cut By Christopher S. Rugaber, Associated Press For months, cooling inflation has provided gradual relief to America’s consumers, who were stung by the price surges that erupted three years ago. Continue reading
Sep 10 WATCH: Trump claims Biden-Harris ‘destroyed the economy’ By Vivian Hoang Asked whether he believes Americans can afford the higher prices that come with his proposed tariffs of up to 20 percent on imported goods, former President Donald Trump responded that China and other foreign countries would have higher prices, not… Continue reading
Sep 10 Inflation-adjusted incomes hit pre-pandemic levels in 2023, offsetting some inflation pressure By Christopher Rugaber, Associated Press The proportion of Americans living in poverty also fell slightly last year, to 11.1 percent, from 11.5 percent in 2022. Continue reading