Nov 22 Watch 7:01 More American families rely on food banks as high prices squeeze budgets By Fred de Sam Lazaro, Sam Lane, Christine Romo, Sam Weber There's been some good news of late when it comes to inflation. Data from the federal government last week showed inflation eased through October. And according to the Farm Bureau, the average cost of a Thanksgiving dinner actually decreased slightly… Continue watching
Nov 20 Why economists say falling inflation isn’t enough to relieve stress about the U.S. economy By Christopher Rugaber, Associated Press Most Americans hold a glum view of the economy despite inflation reaching its lowest point in over two years. Many factors lie behind the disconnect, but economists increasingly point to one in particular: The lingering financial and psychological effects of… Continue reading
Nov 14 U.S. inflation cooled in October, driven lower by cheaper gas, cars and airfares By Christopher Rugaber, Associated Press Tuesday's report from the Labor Department showed that prices either fell or rose only slowly across a broad range of goods and services, including gas, new and used cars, hotel rooms and housing. Continue reading
Nov 09 Powell reinforces the Federal Reserve’s cautious approach toward further interest rate hikes By Christopher Rugaber, Associated Press Federal Reserve Chair Jerome Powell suggested that the Fed is in no hurry to further raise its benchmark interest rate, given evidence that inflation pressures are continuing to ease at a gradual pace. Continue reading
Nov 08 GOP candidates come up short on inflation solutions during Miami debate By Associated Press The presidential candidates laid out their plans for tackling inflation — and came up somewhat shortchanged to address immediate cost pressures. Continue reading
Oct 31 U.S. wages rose at a solid pace this summer, posing challenge for the Federal Reserve’s inflation fight By Christopher Rugaber, Associated Press Wages and benefits grew at a slightly faster pace in the July-September quarter than the previous three months, a benefit to workers that also represents a risk to the Federal Reserve's fight against inflation. Continue reading
Oct 30 Inflation adds a trick to your Halloween treat shopping By Dee-Ann Durbin, Associated Press Spooked by the high price of Halloween candy? There’s not much relief in sight. Continue reading
Oct 27 U.S. consumers keep spending even in the face of persistent inflation and high interest rates By Christopher Rugaber, Associated Press An inflation gauge that is closely monitored by the Federal Reserve showed price increases remained elevated in September amid brisk consumer spending and strong economic growth. Continue reading
Oct 25 Food insecurity shot up last year with inflation and the end of pandemic-era aid, a new report says By Ashraf Khalil, Associated Press A new Department of Agriculture report released Wednesday paints a sobering picture of post-pandemic hardship with "statistically significant" increases in food insecurity. Continue reading
Oct 19 U.S. may need slower economic growth to beat inflation, Fed chair says By Christopher S. Rugaber, Associated Press Federal Reserve Chair Jerome Powell said inflation remains too high and that bringing it down to the Fed’s target level will likely require a slower-growing economy and job market. Continue reading