Sep 16 Watch 6:54 Interest rate hike a 'reassuring' sign Fed is acting independently, economist says By Geoff Bennett, Courtney Norris The Federal Reserve raised interest rates by a quarter of a point, the first hike in three years. It comes as the war in Iran continues to put pressure on prices and is the first major move by Fed Chair… Continue watching
Sep 16 U.S. stocks slip after the Fed raises interest rates, hints more hikes may be on the way By Stan Choe, Associated Press U.S. stocks slipped Wednesday after the Federal Reserve hiked its main interest rate for the first time in three years and suggested more may be ahead as it tries to get the nation’s high inflation under control. Continue reading
Sep 10 Trump promised $5,000 checks if Republicans win the midterms. How would that work? By Maria Ramirez Uribe President Donald Trump promised on Wednesday to send every American adult a $5,000 check if Republicans keep control of the U.S. House and Senate after the midterm elections. "If the Republicans win, you win with us and you get… Continue reading
Sep 08 Watch 6:28 How the U.S.-Canada trade dispute is impacting the economy on both sides of the border By Amna Nawaz, Jackson Hudgins To discuss the impact of the tariffs on the United States and Canada, Amna Nawaz spoke with Matthew Shoemaker. He is the mayor of Sault Ste. Marie, Ontario, a Canadian city just across the border from its sister city, Sault… Continue watching
Sep 07 Trump keeps heralding an economic boom, but even a solid jobs report is causing problems for him By Josh Boak, Associated Press President Donald Trump has spent 20 months promising that America was on the cusp of an economic boom. But Friday's surprisingly positive jobs report ultimately provoked frustration from Trump. Continue reading
Sep 04 Watch 5:19 Why the U.S. job market remains resilient in face of global pressures and inflation By Geoff Bennett, Azhar Merchant The job market delivered a surprising rebound in August, adding 162,000 jobs, far more than economists had expected. The unemployment rate held steady at 4.1%, and the Labor Department revised July numbers upward. The stronger-than-expected report comes as the Federal… Continue watching
Sep 04 Trump says skilled foreign workers take jobs away from Americans. It's not that simple, experts say By Hannah Grabenstein Economists have studied the impacts H-1B employees have within individual companies and at the local labor market level and reached similar conclusions about foreign workers' impacts on American jobs. Continue reading
Sep 04 Hiring burst of 162,000 jobs in August puts the focus squarely back on inflation in the U.S. By Paul Wiseman, Associated Press The U.S. job market rebounded in August as employers added a surprising 162,000 jobs. The unemployment rate stayed at a low 4.1%. Continue reading
Sep 02 Why bond yields are rising and why everyone should care By Christopher Rugaber, Stan Choe, Associated Press Rising bond yields are one of the few forces in the world strong enough to get politicians to snap to attention. They can also have a big impact on Americans' personal finances and on the broader economy. Continue reading
Aug 30 U.S. plans to sanction another bank in effort to clamp down on Iran transactions, Bessent tells AP By Fatima Hussein, Associated Press “This is going to be financial violence if we have to,” Bessent said in the interview. “We are showing people that we know who you are, you know who you are, and this has got to stop.”… Continue reading