Jan 29 WATCH: Fed Chair Powell holds news briefing after key interest rate decision By Christopher Rugaber, Associated Press The Federal Reserve left its benchmark interest rate unchanged Wednesday after cutting it three times in a row last year, a sign of a more cautious approach as the Fed seeks to gauge where inflation is headed and what policies… Continue reading
Jan 28 Egg prices are soaring, don't expect that to change soon By Josh Funk, Mark Vancleave, Dee-Ann Durbin, Associated Press It looks like grocery shoppers hoping for soaring egg prices to turn around are likely to be waiting a while. Continue reading
Dec 31 Analysis: How will inflation, interest rates and the U.S. consumer fare in 2025? By D. Brian Blank, Brandy Hadley, The Conversation Two finance scholars share key questions and risks they’re watching as we ring in the new year. Continue reading
Dec 30 The message voters around the world sent to leaders in 2024: 'You're fired' By Jill Lawless, Associated Press Some 70 countries that are home to half the world’s population held elections this year, and in many incumbents were punished. Continue reading
Dec 18 Watch 5:34 Fed lowers interest rates again but inflation concerns make future cuts uncertain By Geoff Bennett The Federal Reserve lowered rates for the third consecutive time but also suggested there won’t be as many interest rate cuts in the year ahead as it once planned. Chairman Jerome Powell said the cut wasn’t an easy decision because… Continue watching
Dec 18 WATCH: Fed Chair Powell holds news conference following quarter-point interest rate cut By Christopher Rugaber, Associated Press The Federal Reserve signaled that it expects to reduce rates more slowly next year than it previously envisioned, largely because of still-elevated inflation. Continue reading
Dec 17 Canadian prime minister faces growing pressure from his own party to resign By Rob Gillies, Associated Press Canadian Prime Minister Justin Trudeau faces growing pressure to resign from his own Liberal Party after his top minister abruptly quit and criticized his handling of the budget. Continue reading
Dec 10 WATCH: Biden looks back at his economic record in speech at Brookings Institution By News Desk President Joe Biden said Tuesday he was “stupid” not to put his own name on pandemic relief checks in 2021, noting that Donald Trump had done so in 2020 and likely got credit for helping people out through this simple,… Continue reading
Dec 04 Watch 7:21 Federal Reserve Bank of San Francisco president on latest efforts to tame inflation By Geoff Bennett The Federal Reserve may cut interest rates later this month as officials weigh inflation and the broader economy. Inflation has been running above the Fed’s targeted rate and other economic indicators have remained strong, leaving some worried progress on reining… Continue watching
Dec 03 Watch 9:28 Bank of America CEO on interest rates, tariffs and Trump's second term By Geoff Bennett The U.S. economy continues to perform well by many measures. Retail spending was up notably around Black Friday, markets are at or near record levels and unemployment remains low. And yet, most Americans have long felt the economy is not… Continue watching