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
Aug 16 U.S. consumer sentiment rises this month amid optimism over Harris’ presidential bid By Paul Wiseman, Associated Press Americans’ expectations for the future rose, while their assessment of current economic conditions sank slightly. Democrats’ sentiment rose, and Republicans’ fell. Continue reading
Aug 16 Harris has proposed a slew of economic policies. Here’s a look at what’s in them By Will Weissert, Associated Press Among other proposals, Harris wants to increase homebuilding and affordable housing stock, provide more tax incentives for first-time homebuyers, and cancel accumulated medical debt for millions of Americans. Continue reading
Aug 15 Americans spent more at retailers in July despite higher prices By Christopher Rugaber, Anne D'Innocenzio, Associated Press Americans stepped up spending at retailers last month by the most in a year and a half, easing concerns that the economy might be weakening under the pressure of higher prices and elevated interest rates. Continue reading
Aug 14 Watch 4:37 Trump gives economic speech in North Carolina as more polls show Harris gaining ground By Laura Barrón-López, Matt Loffman, Winston Wilde, Mekhi Hill The top issue for many voters, the economy, took center stage as former President Trump returned to campaign in a battleground state for the first time this month. His North Carolina rally followed a scattershot news conference at his Mar-a-Lago… Continue watching
Aug 12 Americans are refusing to pay high prices. That might deal the final blow to inflation By Christopher Rugaber, Associated Press The economy appears to be returning to pre-pandemic norms, when most companies felt they couldn't raise prices much without losing business. Continue reading
Aug 06 Wall Street steadies after worst day in nearly 2 years, economic fears and finance structures blamed By Stan Choe, Associated Press Several factors have been behind the recent swoon for markets, including fears about a slowing U.S. economy. Some technical reasons may also be accelerating movements for markets worldwide. Continue reading
Aug 05 Watch 4:34 The data fueling investor concerns as stocks plunge on recession fears By Amna Nawaz Global markets have plunged on fears that the world’s strongest economy, the United States, may be slowing down. U.S. Stocks also fell with all three indexes recording losses. To discuss what happened and what it means, Amna Nawaz spoke with… Continue watching
Aug 05 Why financial markets are falling and how we got here By Associated Press Worried about a slowing U.S. economy, investors sent the market in Japan to its worst day in decades and have sliced billions in market value off some of the world’s biggest technology companies. Continue reading