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 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 06 Watch 6:35 Chicago Fed president expects multiple interest rate cuts amid economic ‘overcooling’ By Geoff Bennett, Murrey Jacobson, Karina Cuevas The latest jobs report paints a mixed picture of the overall economy. The U.S. added 142,000 new jobs last month and the unemployment rate dipped slightly to 4.2 percent. The report was better than July, but with revisions, it shows… Continue watching
Sep 05 WATCH: Trump suggests tariffs can reduce child care costs at New York economic event By Associated Press Former President Donald Trump suggested to business leaders Thursday that his plans to increase tariffs on foreign imports would solve seemingly unrelated challenges such as the rising cost of child care in the U.S. Continue reading
Sep 03 Fed celebrates end of inflation surge, but many Americans don’t feel like cheering By Chris Rugaber, Associated Press Most Americans are not in the same celebratory mood about the plummeting of inflation in the face of the high borrowing rates the Fed engineered. Continue reading
Aug 26 As Israel’s economy struggles, leading economists say ending the war in Gaza would help By Julia Frankel, Associated Press Nearly 11 months into the war with Hamas, Israel’s economy is struggling as the country’s leaders grind ahead with an offensive in Gaza that shows no signs of ending and threatens to escalate into a wider conflict. Continue reading
Aug 21 Most Federal Reserve officials favor rate cut in September if inflation cools, minutes reveal By Christopher Rugaber, Associated Press The minutes of the Fed's July 30-31 meeting indicate that the "vast majority" of policymakers "observed that, if the data continued to come in about as expected, it would likely be appropriate to ease policy at the next meeting."… Continue reading
Aug 16 Watch 9:00 Harris unveils economic agenda to combat soaring grocery and housing prices By Amna Nawaz, Kyle Midura, Jonah Anderson In her first major policy speech since becoming the Democratic presidential candidate, Vice President Kamala Harris laid out her vision for combatting rising prices, one of the biggest issues for voters in this year's election and one that's dogged the… Continue watching