Aug 29 WATCH: 2 economists on where the U.S. economy is headed now By Casey Kuhn, Nicole Ellis, Jenna Cohen “The economy's in a really interesting position right now,” Furchtgott-Roth said. “We have never had such a gap between gross domestic investment and consumption spending.”… Continue reading
Aug 26 Inflation eased in July as consumer prices and income rose By Paul Wiseman, Associated Press Inflation eased last month as energy prices tumbled, according to a report closely watched by the Federal Reserve. Continue reading
Aug 23 What does it mean that the euro has fallen below parity with the dollar? By Associated Press The euro has fallen below parity with the dollar, diving to its lowest level in 20 years and ending a one-to-one exchange rate with the U.S. currency. Continue reading
Aug 18 Slightly fewer Americans file for jobless benefits last week as strong labor market continues By Matt Ott, Associated Press Slightly fewer Americans filed for unemployment benefits last week as the labor market continues to be the strongest segment of the U.S. economy. Continue reading
Aug 17 July retail sales were flat, as customers weather inflation By Paul Wiseman, Anne D'Innocenzio, Associated Press The pace of sales at U.S. retailers was unchanged last month as persistently high inflation and rising interest rates forced many households to spend more cautiously. Continue reading
Aug 09 WATCH: Biden signs CHIPS and Science Act to stimulate U.S. semiconductor production By Associated Press The $280 billion bipartisan bill to boost domestic high-tech manufacturing is part of his administration's push to boost U.S. competitiveness over China. Continue reading
Jul 28 Watch 9:19 Senate agreement on climate change, health care revives Biden's legislative agenda Senate Democrats are lauding a deal on a spending package to reduce the deficit, lower health care costs, raise corporate taxes and combat climate change. It's a stunning development after more than a year of negotiations had failed to win… Continue watching
Jul 28 Average U.S. long-term mortgage rates fall slightly to 5.3 percent By Matt Ott, Associated Press Average long-term U.S. mortgage rates retreated this week just as the Federal Reserve announced another big rate hike in its bid to get four-decade high inflation under control. Continue reading
Jul 26 WATCH: White House says Korean firm's $22 billion investment will mean new jobs By Associated Press South Korea's SK Group announced plans to invest $22 billion in the U.S. on industries including semiconductors, green energy and bioscience, which the White House said will create tens of thousands of domestic jobs. Continue reading
Jul 25 Yellen downplays U.S. recession risk as economic reports loom By Christopher Rugaber, Associated Press Treasury Secretary Janet Yellen says the U.S. economy is slowing but pointed to healthy hiring as proof that it is not yet in recession. Continue reading