inflation

Harris unveils economic agenda to combat soaring grocery and housing prices

By Amna Nawaz, Kyle Midura, Jonah Anderson

In her first major policy speech since becoming the Democratic presidential candidate, Vice President Kamala Harris laid out her vision for combatting rising prices, one of the biggest issues for voters in this year's election and one that's dogged the…

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U.S. consumer sentiment rises this month amid optimism over Harris' presidential bid

By Paul Wiseman, Associated Press

Americans’ expectations for the future rose, while their assessment of current economic conditions sank slightly. Democrats’ sentiment rose, and Republicans’ fell.

Wall Street rallies to one of its best days of the year

By Stan Choe, Associated Press

The S&P 500 jumped 1.6% for its fourth-best day of the year and its sixth straight gain as the U.S. stock market rights itself following a scary few weeks.

Americans spent more at retailers in July despite higher prices

By Christopher Rugaber, Anne D'Innocenzio, Associated Press

Americans stepped up spending at retailers last month by the most in a year and a half, easing concerns that the economy might be weakening under the pressure of higher prices and elevated interest rates.

Year-over-year inflation hits lowest level in three years, clearing way for Fed to begin cutting rates

By Christopher Rugaber, Associated Press

Measured from a year earlier, prices rose 2.9%, down from 3% in June. It was the mildest year-over-year inflation figure since March 2021.

Americans are refusing to pay high prices. That might deal the final blow to inflation

By Christopher Rugaber, Associated Press

The economy appears to be returning to pre-pandemic norms, when most companies felt they couldn't raise prices much without losing business.

Wall Street steadies after worst day in nearly 2 years, economic fears and finance structures blamed

By Stan Choe, Associated Press

Several factors have been behind the recent swoon for markets, including fears about a slowing U.S. economy. Some technical reasons may also be accelerating movements for markets worldwide.

Dow drops 1000 points, worst fall since 2022, amid global rout

By Stan Choe, Associated Press

Wall Street fell the most in nearly two years, continuing a global rout in financial markets, as fear worsens that the U.S. economy is slowing down.

WATCH: Fed Chair Powell holds news briefing as first interest rate cut in four years 'getting closer'

By Christopher Rugaber, Associated Press

At a news conference Wednesday, Fed Chair Jerome Powell said that if inflation continued to cool, "a rate cut could be on the table in the September meeting.”…

A sign inflation may keep cooling: Paychecks grew more slowly this spring

By Christopher Rugaber, Associated Press

Higher wages and benefits are good for employees, but slower pay growth will likely reassure Fed officials that inflation is steadily falling back to their 2 percent target.