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
Jan 31 WATCH: Federal Reserve signals that interest rate cuts aren’t imminent and leaves them unchanged for now By Christopher Rugaber, Associated Press The Federal Reserve indicated Wednesday that it’s nearing a long-awaited shift toward cutting interest rates, a sign that its officials have grown confident that they're close to fully taming inflation. But the Fed also signaled that the first rate cut is likely… Continue reading
Jan 25 U.S. economy surprises with strong 3.3% growth in last quarter By Paul Wiseman, Associated Press The gross domestic product decelerated from its sizzling 4.9% growth rate the previous quarter. Continue reading
Jan 24 Americans’ economic outlook brightens as inflation slows and wages outpace prices By Christopher Rugaber, Associated Press After an extended period of gloom, Americans are starting to feel better about inflation and the economy — a trend that could sustain consumer spending, fuel economic growth and potentially affect President Joe Biden's political fortunes. Continue reading
Jan 24 Inflation slows, incomes rise, and Americans are much more optimistic about the economy By Christopher Rugaber, Associated Press A survey by the Federal Reserve Bank of New York found that Americans' inflation expectations have reached their lowest point in nearly three years. Continue reading
Jan 17 Yellen says current U.S. economic growth ‘vindicates’ Biden’s COVID-19 pandemic stimulus spending By Fatima Hussein, Associated Press Treasury Secretary Janet Yellen is making an election-year pitch that the current state of the economy "vindicates" Democrats' decision to pass a $1.9 trillion coronavirus pandemic response package back in 2021. Continue reading
Jan 17 Retail sales were up 0.6 percent this holiday season, fueled by a strong job market By Anne D'Innocenzio, Associated Press While consumers continue to face higher borrowing costs and prices, spending is being fueled by a strong job market and rising wages. Continue reading
Jan 12 Wholesale inflation in U.S. declined last month, signaling that price pressures are still easing By Paul Wiseman, Associated Press Friday's wholesale figures, which were all lower than economists had expected, reinforced the view that U.S. inflation pressures are slowing, if not always consistently. Continue reading
Jan 11 Watch 6:34 How December’s inflation uptick complicates Federal Reserve’s plan to lower interest rates By Amna Nawaz, Shoshana Dubnow New data shows that inflation ran a little higher at the end of the year than expected but slowed down significantly in 2023. Consumers are still hesitant to embrace the economy's strength, a theme that was consistent throughout last year's… Continue watching
Jan 11 Energy and housing prices nudged U.S. inflation up, but many other costs rose only mildly By Paul Wiseman, Associated Press The persistence of still-elevated inflation helps explain why, despite steady economic growth, low unemployment and healthy hiring, polls show many Americans are dissatisfied with the economy. Continue reading