Oct 10 Social Security recipients to get smaller 2.5% benefits boost in 2025 By Fatima Hussein, Associated Press Millions of retirees who receive Social Security benefits will see a 2.5 percent cost-of-living increase to their monthly checks beginning in January. Continue reading
Oct 10 U.S. inflation drops to lowest point in 3 years at 2.4 percent, some price pressures remain By Christopher Rugaber, Associated Press Consumer prices rose just 2.4% in September from a year earlier, down from 2.5% in August and the smallest annual rise since February 2021. Continue reading
Oct 09 Social Security is due for another cost of living increase. It ‘won’t make a dent’ for some retirees By Fatima Hussein, Associated Press The annual Social Security and Medicare trustees report in May that the program's trust fund will be unable to pay full benefits beginning in 2035. If the trust fund is depleted, the government will be able to pay only 83%… Continue reading
Oct 04 Watch 6:18 After strong jobs report, Treasury official discusses what it says about wider economy By Amna Nawaz The Labor Department issued one of the last jobs reports before the presidential election, and the numbers are strong. It shows 254,000 jobs were added in September, beating expectations. Overall, the report paints a picture of a robust American economy… Continue watching
Sep 19 WATCH: Biden lauds Fed’s rate cut in speech at Economic Club of Washington, D.C. By Colleen Long, Chris Megerian, Associated Press Biden said Thursday the Federal Reserve's decision to lower interest rates was “an important signal” that inflation has eased as he poked at Donald Trump's economic policies as a failure in the past and sure to “fail again” if revived. Continue reading
Sep 18 Watch 5:52 What the first interest rate cut in 4 years means for the Fed’s fight against inflation By Amna Nawaz, Azhar Merchant The Federal Reserve cut interest rates for the first time in four years with an aggressive move that lowers its benchmark rate by a half percentage point. The Fed also said it intended to lower interest rates by a full… Continue watching
Sep 18 WATCH: Federal Reserve Chair Powell speaks after Fed announces interest rate cut By Christopher Rugaber, Associated Press The unusually large half-point rate cut, the Fed’s first in more than four years, reflects its new focus on bolstering the job market, which has shown clear signs of slowing. Continue reading
Sep 11 U.S. inflation just hit a 3-year low, easing the way for interest rate cut By Christopher S. Rugaber, Associated Press For months, cooling inflation has provided gradual relief to America’s consumers, who were stung by the price surges that erupted three years ago. Continue reading
Aug 30 As rate cuts near, Federal Reserve’s inflation gauge shows cooling price increases By Chris Rugaber, Associated Press An inflation measure closely tracked by the Federal Reserve remained low last month, extending a trend of cooling price increases that clears the way for the Fed to start cutting its key interest rate next month for the first time… Continue reading
Aug 27 Harris campaign releases new ad promising plans to build 3 million homes and reduce inflation By Josh Boak, Associated Press The Tuesday move is designed to contain inflationary pressures that also draws a sharp contrast to Republican Donald Trump's approach. Harris highlights her plan in a new minute-long ad that uses her personal experience. Continue reading