inflation

Powell says the Federal Reserve wants to see 'more good inflation readings' before it can cut rates

By Paul Wiseman, Associated Press

Forecasters had expected higher rates to send the United States tumbling into recession. Instead, the economy just kept growing — expanding at an annual rate of 2 percent or more for six straight quarters.

WATCH: Federal Reserve's Powell holds briefing after interest rate meeting as inflation slows

By Christopher Rugaber, Associated Press

In new quarterly projections they issued, the policymakers forecast that stronger growth and inflation above their 2 percent target level would persist into next year. As a result, they suggested that interest rates would have to stay slightly higher for…

U.S. inflation ticks up in February, signaling ongoing price challenges

By Christopher Rugaber, Associated Press

The prices of some goods, from appliances to furniture to used cars, are actually falling after clogged supply chains during the pandemic had sent prices soaring higher.

Why many Americans feel unhappy about the economy despite indicators of improvement

By Paul Solman, Diane Lincoln Estes

Friday’s latest jobs report is proof again of a labor market that has been resilient and often stronger than expected. But according to numerous polls, many Americans don’t feel the economy is strong overall or helping them or their families.

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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.

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.

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.

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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.

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.

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.