Oct 22 Isolationism ‘made America and the world worse off’ Yellen tells global finance leaders By Fatima Hussein, Associated Press Treasury Secretary Janet Yellen says the U.S. economy has grown stronger because the Biden administration rejected isolationism, offering a barely veiled criticism of former President Donald Trump’s policies. Continue reading
Oct 22 IMF declares global fight against high inflation is ‘almost won’ By Paul Wiseman, Associated Press The global war against inflation has largely been won — and at surprisingly little cost to economic growth, the International Monetary Fund has declared. Continue reading
Oct 22 Automakers reassess sales and production as smaller and lower-priced cars gain popularity By Tom Krisher, Associated Press An “affordability shift” is taking root in the U.S. auto industry. Continue reading
Oct 21 Most voters think the economy is poor and are split on whether Trump or Harris can fix it, polls finds By Steve Peoples, Linley Sanders, Associated Press Voters remain largely divided over whether they prefer Republican Donald Trump or Democrat Kamala Harris to handle key economic issues, although Harris earns slightly better marks on elements such as taxes for the middle class. Continue reading
Oct 21 Should the minimum wage be lower for workers who get tipped? Two states will decide By Kavish Harjai, Associated Press/Report for America Voters in Arizona and Massachusetts are set to decide whether employers should be able to continue to pay tipped workers such as servers and bartenders a lower minimum wage than non-tipped workers. Continue reading
Oct 18 Driving retail spending, wealthier Americans are powering U.S. economy By Christopher Rugaber, Associated Press One key reason is a relatively simple one: Wealthier consumers, boosted by strong gains in income, home equity and stock market wealth, have increasingly driven the spending. Continue reading
Oct 10 U.S. inflation drops to lowest point in 3 years at 2.4 percent, some price pressures remain By Christopher Rugaber, Associated Press Consumer prices rose just 2.4% in September from a year earlier, down from 2.5% in August and the smallest annual rise since February 2021. Continue reading
Oct 04 Watch 6:18 After strong jobs report, Treasury official discusses what it says about wider economy By Amna Nawaz The Labor Department issued one of the last jobs reports before the presidential election, and the numbers are strong. It shows 254,000 jobs were added in September, beating expectations. Overall, the report paints a picture of a robust American economy… Continue watching
Sep 27 Trump favors huge new tariffs. How do they work? By Paul Wiseman, Associated Press Former President Donald Trump has proposed a 60% tariff on goods from China and a 20% tariff on everything else the United States imports. This week, he raised the ante still higher. Continue reading
Sep 27 Fed’s favored inflation gauge shows cooling price pressures, clearing way for more rate cuts By Christopher Rugaber, Associated Press The cooling of inflation might be helping to erode former President Donald Trump’s polling advantage on the economy. Continue reading