Dec 23 U.S. drivers are seeing lower gas prices this holiday season, according to AAA By Wyatte Grantham-Philips, Associated Press The national average for unleaded gasoline has stayed below the $3 mark since Dec. 2, falling to its lowest level of about $2.85 a gallon on Monday. Continue reading
Dec 23 The U.S. stock market had a rocky start to the year, thanks to tariffs and Trump's fight with the Fed. But it's ending on a high note By Stan Choe, Associated Press Outside of stocks, bitcoin soared and then swooned and the "queasy" bond market got Trump's attention. Continue reading
Dec 23 Consumer confidence drops in December to lowest level since U.S. tariffs rolled out in April By Matt Ott, Associated Press Write-in responses to the survey showed that prices and inflation remained consumers' biggest concern, along with tariffs. Continue reading
Dec 23 U.S. economy expands at a surprisingly strong 4.3% annual rate last quarter, though inflation remains stubbornly high By Matt Ott, Associated Press Excluding volatile food and energy prices, so-called core inflation was 2.9%, up from 2.6% in the April-June quarter. Continue reading
Dec 18 Watch 6:11 Chicago Fed president on the economy's mixed signals By Geoff Bennett, Jackson Hudgins Inflation is showing fresh signs of cooling, ticking up 2.7% year-over-year, lower than many economists had expected. It follows the release of a delayed jobs report that showed weak growth and the highest unemployment rate in four years. The numbers… Continue watching
Dec 18 Watch 5:55 Fact-checking Trump's claims in his politically charged prime-time speech By Liz Landers, Solveig Rennan President Trump addressed the nation Wednesday night in a politically charged prime-time speech. In front of Christmas trees at the White House, he blamed Joe Biden and the Democrats in general for economic challenges and inflation. White House correspondent Liz… Continue watching
Dec 18 U.S. says inflation slowed last month but data may be distorted and Americans aren't feeling it By Paul Wiseman, Anne D'Innocenzio, Associated Press Year-over-year inflation remains well above the Federal Reserve’s 2% target, and Americans are complaining loudly about the high cost of living. Continue reading
Dec 17 WATCH: Trump addresses the nation from the White House | PBS News special coverage President Donald Trump delivered a politically charged speech Wednesday carried live in prime time on network television, seeking to pin the blame for economic challenges on Democrats while announcing he is sending a $1,776 bonus check to U.S. troops for… Continue reading
Dec 16 Watch 5:42 Jobs report reveals cooling labor market and 'uneven economy,' analyst says By Geoff Bennett, Karina Cuevas The U.S. labor market is showing further signs of cooling, as the latest jobs report indicates that unemployment has risen to its highest level in four years. There was some good news as payrolls climbed by 64,000 new jobs last… Continue watching
Dec 16 The U.S. gained 64,000 jobs in November but lost 105,000 in October as the unemployment rate rose to 4.6% By Paul Wiseman, Associated Press Hiring has clearly lost momentum, hobbled by uncertainty over President Donald Trump's tariffs and the lingering effects of the high interest rates the Federal Reserve engineered in 2022 and 2023 to rein in an outburst of inflation. Continue reading