Oct 30 How long can the surge in U.S. consumer spending last despite higher prices? By Christopher Rugaber, Anne D'Innocenzio, Associated Press A flow of recent data from the U.S. government has made one thing strikingly clear: A surge in consumer spending is fueling strong growth, demonstrating a resilience that has confounded economists, Federal Reserve officials and even the sour sentiments that… Continue reading
Oct 26 Watch 5:03 News Wrap: U.S. economy grows in 3rd quarter despite inflation and recession fears In our news wrap Thursday, the U.S. economy had a robust third quarter showing resilience despite inflation and recession fears, a strike by Canadian workers paralyzed the vital St. Lawrence Seaway linking the Great Lakes to the Atlantic, UAW workers… Continue watching
Oct 26 U.S. economy grows 4.9 percent, shrugging off interest rates and defying recession forecasts By Christopher Rugaber, Associated Press The nation's economy expanded at a robust 4.9 percent annual rate from July through September as Americans defied higher prices, rising interest rates and widespread forecasts of a recession to spend at a brisk pace. Continue reading
Oct 19 U.S. may need slower economic growth to beat inflation, Fed chair says By Christopher S. Rugaber, Associated Press Federal Reserve Chair Jerome Powell said inflation remains too high and that bringing it down to the Fed’s target level will likely require a slower-growing economy and job market. Continue reading
Oct 13 WATCH: Biden touts economy and green energy in Philadelphia speech By Will Weissert, Associated Press President Joe Biden returned to Pennsylvania Friday to use the critical battleground state again as a backdrop for some of his favorite political themes. But the war between Israel and Hamas has scrambled geopolitics and potentially reshuffled a 2024 presidential… Continue reading
Oct 06 WATCH: Biden delivers remarks on jobs after employers hire 336,000 new positions By Associated Press President Joe Biden hailed the 336,000 jobs added in September, an unexpectedly robust gain that suggests that many companies remain confident enough to keep hiring. Continue reading
Oct 06 In a sign of economic resilience, U.S. employers added 336,000 jobs in September By Christopher Rugaber, Associated Press Friday's report from the Labor Department showed that hiring last month jumped from a 227,000 increase in August, which was revised sharply higher. Continue reading
Sep 29 Watch 7:31 As retailers close stores due to shoplifting, are the concerns real or overblown? By Geoff Bennett, Dorothy Hastings Target announced this week that it is planning to close several stores, citing retail theft and organized retail crime as major problems. It’s raising concerns and questions about whether retail theft is worsening and what can be done about it. Continue watching
Sep 29 Higher gas prices lift Fed's preferred inflation gauge but underlying price pressures remain mild By Christopher Rugaber, Associated Press An inflation gauge closely tracked by the Federal Reserve rose in August, boosted mainly by higher gas prices. But measures of underlying inflation slowed in the latest sign that overall price pressures are still moderating. Continue reading
Sep 27 Watch 4:16 Student research project draws attention to price disparities in low-income neighborhoods A student research project in Boston is drawing attention to price disparities between grocery stores in high and low-income neighborhoods. Student journalist Sriya Tallapragada reports in this story produced during NewsHour’s Student Reporting Labs Summer Academy, where teens from around… Continue watching