Economy Aug 27 Fed on track to slow aid for economy later this year, says Powell By Christopher Rugaber, Associated Press
Economy Aug 17 July retail sales fell 1.1 percent as COVID-19 surge hits spending Americans cut back on their spending last month as a surge in COVID-19 cases kept people away from stores. By Joseph Pisani, Associated Press
Economy Aug 11 U.S. consumer prices rose in July but at slower pace Prices for U.S. consumers rose last month but at the slowest pace since February, a sign that Americans may gain some relief after four months of sharp increases that have imposed a financial burden on the nation's households. By Christopher Rugaber, Associated Press
Nation Jul 21 Used car prices slip from dizzy heights, signaling small victory for economy Used car prices had rocketed more than 40% since before the coronavirus pandemic began — to an average of nearly $25,000. Now, the seemingly endless streak of skyrocketing used vehicle prices appears to be coming to a close. By Tom Krisher, Mike Householder, Associated Press
Economy Jul 16 What happened when some GOP-led states cut the $300 unemployment benefit Across the country, Americans who recently lost the extra $300 a week in unemployment benefits are weighing tough choices about returning to work. By Courtney Vinopal
Jul 14 WATCH: Fed Chair Powell says inflation, though elevated, will likely moderate By Christopher Rugaber, Associated Press Federal Reserve Chair Jerome Powell said Wednesday that inflation, which has been surging as the recovery strengthens, “will likely remain elevated in coming months" before “moderating."… Continue reading
Jul 02 A quarter of Americans are worried about inflation. Here are 4 things to watch By Courtney Vinopal 26 percent of Americans surveyed in a recent PBS NewsHour/NPR/Marist Poll said inflation was their number one concern regarding the U.S. economy. Here’s a look at some of the factors driving prices up in the U.S. right now. Continue reading
Jun 22 WATCH: Federal Reserve Chair Powell says high inflation temporary, will ‘wane’ By Christopher Rugaber, Associated Press Federal Reserve Chair Jerome Powell on Tuesday responded to concerns from Republican lawmakers about spiking inflation by reiterating his view that current price increases will likely prove temporary. Continue reading
Jun 03 U.S. jobless claims drop to 385,000, another pandemic low By Paul Wiseman, Associated Press The number of Americans seeking unemployment benefits fell last week for a fifth straight week to a new pandemic low, the latest evidence that the U.S. job market is regaining its health as the economy further reopens. Continue reading
May 28 CEO pay rises to $12.7 million even as pandemic ravages economy By Stan Choe, Associated Press The median pay package for a CEO at an S&P 500 company hit $12.7 million in 2020, according to data analyzed by Equilar for The Associated Press. Continue reading