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
Aug 23 Watch 6:59 Fed chair says 'time has come' to cut interest rates amid signs of weakening job market By John Yang, Karina Cuevas Financial markets rallied Friday after Fed Chairman Jerome Powell said that it’s time to start cutting interest rates. The question now is by how much, and how quickly fed policymakers will act. Powell said inflation is low enough and that… Continue watching
Aug 23 'The time has come' for the Federal Reserve to soon begin reducing interest rates, Powell says By Christopher Rugaber, Associated Press Powell did not say when rate cuts would begin or how large they might be, but the Fed is widely expected to announce a modest quarter-point cut in its benchmark rate when it meets in mid-September. Continue reading
Aug 21 Most Federal Reserve officials favor rate cut in September if inflation cools, minutes reveal By Christopher Rugaber, Associated Press The minutes of the Fed's July 30-31 meeting indicate that the "vast majority" of policymakers "observed that, if the data continued to come in about as expected, it would likely be appropriate to ease policy at the next meeting."… Continue reading
Aug 21 U.S. economy added 818,000 fewer jobs than first reported, sign job market has been slowing By Associated Press The Labor Department estimated that job growth averaged 174,000 a month in the year that ended in March — a drop of 68,000 a month from the 242,000 that were initially reported. The revisions released Wednesday were preliminary, with final… Continue reading
Aug 16 Watch 9:00 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… Continue watching
Aug 16 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. Continue reading
Aug 15 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. Continue reading