Mar 06 WATCH: Interest rate cuts likely but more evidence needed that inflation tamed, Powell says By Christopher Rugaber, Associated Press Powell noted that inflation is slowing for both goods and services and did not express concern about the government’s latest inflation data, which showed some pickup in price increases in January. Continue reading
Feb 29 Federal Reserve’s preferred inflation gauge picked up last month in sign of still-increased prices By Christopher Rugaber, Associated Press An inflation gauge favored by the Federal Reserve increased in January, the latest sign that the slowdown in U.S. consumer price increases is occurring unevenly from month to month. Continue reading
Feb 28 Watch 7:14 Yellen discusses state of the economy, importance of aid for Ukraine By Amna Nawaz, Murrey Jacobson, Stephanie Kotuby, Alexa Gold The Congressional funding deal reached Wednesday will avert a government shutdown for at least a week. Amna Nawaz discussed those negotiations. the overall state of the economy and aid for Ukraine with Treasury Secretary Janet Yellen. Continue watching
Feb 28 Hundreds of flights canceled as Argentina’s air travel workers go on 24-hour strike By Associated Press The strike comes as inflation in Argentina skyrockets, largely as a result of a series of shock measures announced by the government of Javier Milei aimed at tackling the country’s severe economic crisis. Continue reading
Feb 28 Lower car prices offer relief to Americans after years of inflation By Tom Krisher, Associated Press With computer chips now abundant, auto production is rising steadily, especially since the United Auto Workers returned to work after strikes last fall. Continue reading
Feb 13 U.S. inflation sees slight decline but remains above Fed target By Christopher Rugaber, Associated Press The costs of physical goods, including clothing, used cars and prescription drugs, fell for a third straight month. Lower prices for goods are the key driver that is cooling inflation. Continue reading
Feb 13 WATCH: White House holds briefing as consumer inflation continues to steadily lower By Mary Clare Jalonick, Associated Press Consumer inflation in the United States cooled last month yet remained elevated in the latest sign that the pandemic-fueled price surge is only gradually and fitfully coming under control. Continue reading
Feb 08 Watch 8:22 Half of American renters pay more than 30% of income on housing, study shows By Stephanie Sy, Mike Fritz Rental prices are unaffordable for a record number of Americans with half of all renters paying more than 30 percent of their income on rent and utilities, according to Harvard’s Joint Center for Housing Studies. Stephanie Sy reached out to… Continue watching
Feb 08 Inflation is nearly back to 2 percent. So why isn’t the Federal Reserve ready to cut rates? By Christopher Rugaber, Associated Press Inflation, as measured by its preferred gauge, rose in the second half of 2023 at an annual rate of about 2 percent — the Fed's target level. Continue reading
Feb 01 AP-NORC poll finds an uptick in positive ratings of the U.S. economy, but it’s not boosting Biden By Josh Boak, Emily Swanson, Associated Press A new poll from The Associated Press-NORC Center for Public Affairs Research finds that 35 percent of U.S. adults call the national economy good. That's an uptick from 30 percent who said so late last year and up from 24… Continue reading