Feb 28 Watch 7:14 Yellen discusses state of the economy, importance of aid for Ukraine By Amna Nawaz, Murrey Jacobson, Stephanie Kotuby, Alexa Gold The Congressional funding deal reached Wednesday will avert a government shutdown for at least a week. Amna Nawaz discussed those negotiations. the overall state of the economy and aid for Ukraine with Treasury Secretary Janet Yellen. Continue watching
Feb 26 Forecasters raise expectations for 2024 U.S. economy By Associated Press The economy looks set to grow 2.2% this year after adjusting for inflation. That’s up from an earlier forecast of 1.3%. Continue reading
Feb 15 Japan loses spot as world’s third-largest economy, slips into recession By Yuri Kageyama, Associated Press The government reported the economy shrank at an annual rate of 0.4% in October to December, though it grew 1.9% for all of 2023. Japan's economy was the 2nd largest until 2010, when it was overtaken by China's. Continue reading
Feb 08 Watch 8:22 Half of American renters pay more than 30% of income on housing, study shows By Stephanie Sy, Mike Fritz Rental prices are unaffordable for a record number of Americans with half of all renters paying more than 30 percent of their income on rent and utilities, according to Harvard’s Joint Center for Housing Studies. Stephanie Sy reached out to… Continue watching
Feb 02 Watch 6:43 What the strong jobs report means for the Fed’s plan to lower interest rates By Courtney Norris, Amna Nawaz The labor market was running hot again last month as U.S. employers added 353,000 jobs, double what many expected. It's been resilient for months despite predictions of a recession last year. At the same time, the Federal Reserve indicated it’s… Continue watching
Feb 01 AP-NORC poll finds an uptick in positive ratings of the U.S. economy, but it’s not boosting Biden By Josh Boak, Emily Swanson, Associated Press A new poll from The Associated Press-NORC Center for Public Affairs Research finds that 35 percent of U.S. adults call the national economy good. That's an uptick from 30 percent who said so late last year and up from 24… Continue reading
Jan 25 U.S. economy surprises with strong 3.3% growth in last quarter By Paul Wiseman, Associated Press The gross domestic product decelerated from its sizzling 4.9% growth rate the previous quarter. Continue reading
Jan 24 Inflation slows, incomes rise, and Americans are much more optimistic about the economy By Christopher Rugaber, Associated Press A survey by the Federal Reserve Bank of New York found that Americans' inflation expectations have reached their lowest point in nearly three years. Continue reading
Jan 23 Watch 6:03 How the rise of artificial intelligence is boosting tech stocks By Geoff Bennett, Shoshana Dubnow Rallies have driven both the Dow Jones Industrial Average and the much larger S&P 500 to record highs this week. There are several reasons for that, including investors’ assessments of the economy right now and where it will be in… Continue watching
Jan 17 Retail sales were up 0.6 percent this holiday season, fueled by a strong job market By Anne D'Innocenzio, Associated Press While consumers continue to face higher borrowing costs and prices, spending is being fueled by a strong job market and rising wages. Continue reading