Dec 22 U.S. economy beat early estimate, grew 3.2 percent in 3rd quarter By Paul Wiseman, Associated Press Shrugging off rampant inflation and rising interest rates, the U.S. economy grew at an unexpectedly strong 3.2 percent annual pace from July through September, the government reported Thursday in a healthy upgrade from its earlier estimate of third-quarter growth. Continue reading
Dec 14 WATCH: Federal Reserve Chair Powell announces small rate hike as inflation cools By Christopher S. Rugaber, Associated Press The Federal Reserve reinforced its inflation fight by raising its key interest rate for the seventh time this year and signaling more hikes to come. Continue reading
Dec 13 WATCH: 'Economic plan is working' to slow inflation, Biden says By Christopher Rugaber, Associated Press Consumer prices rose 7.1 percent in November from a year ago, the government said Tuesday. That was down from 7.7 percent in October and a recent peak of 9.1 percent in June. Continue reading
Dec 08 American views on Biden and economy steady but critical: poll By Hannah Fingerhut, Associated Press President Joe Biden is facing consistent but critical assessments of his leadership and the national economy as his second year in the White House comes to a close. Continue reading
Nov 11 Wall Street surge continues as crypto suffers By Stan Choe, Associated Press Wall Street is tacking a bit more onto its stupendous surge from a day before to keep it on track for a strong gain for the week. Continue reading
Nov 04 Labor market adds 261,000 jobs with U.S. employers still hiring at solid pace By Christopher Rugaber, Associated Press America's employers kept hiring briskly in October, adding a substantial 261,000 positions, a sign that as Election Day nears, the economy remains a picture of solid job growth and painful inflation. Continue reading
Oct 27 Watch 4:35 News Wrap: U.S. GDP grows in third quarter, European Central Bank raises interest rates In our news wrap Thursday, the U.S. economy is showing pockets of strength as the GDP grew at a 2.6% annual rate from July through September, the European Central Bank raised interest rates by three-quarters of a percent to help… Continue watching
Oct 27 U.S. economy snaps contraction streak with 2.6 percent growth last quarter By Paul Wiseman, Associated Press The U.S. economy grew at a 2.6% annual rate from July through September, snapping two straight quarters of economic contraction and overcoming punishingly high inflation and interest rates. Continue reading
Oct 07 Solid U.S. hiring in September could mean more big Fed hikes By Paul Wiseman, Associated Press America's employers slowed their hiring in September but still added 263,000 jobs, a solid figure that will likely keep the Federal Reserve on pace to keep raising interest rates aggressively to fight persistently high inflation. Hiring fell from 315,000 in… Continue reading
Sep 22 Why a third of American workers changed jobs during the Great Resignation By Hannah Grabenstein Over one-third of Americans working for pay changed jobs in the past two years, according to a new PBS NewsHour/NPR/Marist poll, and more than 60 percent received raises over the last year. Continue reading