Jun 12 Inflation eases for 2nd straight month, a sign this year's acceleration of prices may have passed By Christopher Rugaber, Associated Press Inflation in the United States eased in May, a hopeful sign that an acceleration of prices that occurred early this year may have passed. Continue reading
Jun 12 WATCH: Powell speaks after Federal Reserve signals only one likely interest rate cut this year By Christopher Rugaber, Associated Press “We’ll need to see more good data to bolster our confidence that inflation is moving sustainably toward 2 percent,” Chair Jerome Powell said at a news conference. Continue reading
Jun 10 Inflation data this week could help determine Fed's plan for possible interest rate cuts By Christopher Rugaber, Associated Press Chair Jerome Powell will likely reiterate that Fed officials need further confidence that inflation is returning to 2% before they would consider rate cuts. Continue reading
Jun 07 U.S. employment picks up pace with 272,000 jobs added in May, sign of sustained economic health By Christopher Rugaber, Associated Press Last month's strong job growth reflected the durability of America's consumer-driven economy. With the nation's households continuing their steady spending, many employers have had to keep hiring to meet their customer demand. Continue reading
May 31 A closely tracked inflation gauge rises at slowest pace this year By Christopher Rugaber, Associated Press A price gauge closely tracked by the Federal Reserve cooled slightly last month, a sign that inflation may be easing after running high in the first three months of this year. Continue reading
May 29 Inflation pressures lingering from pandemic may keep Feds from lowering interest rates By Christopher Rugaber, Associated Press Though Fed officials say they expect inflation in key areas to eventually cool, they've signaled that they're prepared to wait as long as it takes. Continue reading
May 27 How inflation-weary shoppers can find summer deals at major retailers By Anne D'Innocenzio, Associated Press The reductions, which mostly involve groceries, are getting introduced as inflation showed its first sign of easing this year but not enough for consumers who are struggling to pay for basic necessities. Continue reading
May 24 Watch 5:14 British pubs struggle to survive as drinkers stay home By Malcolm Brabant A historic bicentennial anniversary is upon us. The humble pint is now 200 years old. That staple measurement of bar life was first introduced in 1824 to placate British drinkers who claimed taverns were cheating them of precious ale. Now… Continue watching
May 23 Average U.S. vehicle age hits record 12.6 years as high prices force people to keep them longer By Tom Krisher, Associated Press A study published Wednesday says U.S. vehicles hit a record average age of 12.6 years in 2024 as people hang on to their rides largely because new ones cost so much. Continue reading
May 17 Watch 4:19 What's behind the historic stock market highs and how it relates to the overall economy By Geoff Bennett, Diane Lincoln Estes This has been a big week for the stock market. The Dow Jones, the much broader S&P 500 and the NASDAQ all reached record highs with the Dow crossing the 40,000 threshold for the first time. The markets have rallied… Continue watching