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
Sep 25 Watch 9:19 Harris and Trump campaign in swing states with battling visions for the economy By Lisa Desjardins, Kyle Midura, Ian Couzens, Eliot Barnhart, Hamada Hanoura The presidential candidates were on the campaign trail Wednesday laying out their plans to tackle one of the most consequential issues of the election, the economy. Lisa Desjardins reports from North Carolina. Continue watching
Sep 25 WATCH: Harris gives speech on her economic vision in Pittsburgh By Zeke Miller, Steve Peoples, Josh Boak, Associated Press Vice President Kamala Harris on Wednesday pledged to build an economy that is both pro-business and helps the middle class as she pushed back against Republican nominee Donald Trump ’s claims that she’s advancing “communist” ideas. Continue reading
Sep 20 EU pledges to loan Ukraine up to $39 billion to help rebuild its economy and power grid By Lorne Cook, Associated Press Part of the money will be used to help the country repair and reconnect its war-damaged electricity grid and boost its heating capacity as winter approaches. Around half of Ukraine’s energy infrastructure is destroyed. Continue reading
Sep 19 Watch 8:11 Economists explain hidden downfalls of ending taxes on tips By Paul Solman, Diane Lincoln Estes Tax cuts and credits have been a popular theme during this campaign. Both candidates have also proposed several tax breaks and have not always explained how to pay for them. That's true of one idea former President Trump and Vice… Continue watching
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