Jul 01 Watch 8:41 As veterinary costs climb, private equity ownership of clinics draws scrutiny By Paul Solman, Mary Fecteau Veterinary care is becoming increasingly expensive for American pet owners. As prices rise, attention is turning to a major shift in the industry: private equity firms and large corporations buying up veterinary practices across the country. Paul Solman has the… Continue watching
Jul 01 Federal Reserve Chair Warsh emphasizes political independence, signals focus on inflation By Christopher Rugaber, Associated Press In remarks at a central bank conference in Sintra, Portugal, Warsh said that if businesses or households thought the Fed would accept inflation above 2%, “I guess they'd be disappointed. We're going to deliver price stability.”… Continue reading
Jun 25 Key inflation gauge jumps to 3-year high in latest sign of affordability challenges By Christopher Rugaber, Associated Press The increase was largely driven by more expensive gas, as well as pricier semiconductors and other computer equipment that are in high demand for the AI buildout. Continue reading
Jun 16 Higher prices for gas, groceries and flights will outlast Iran war, analysts say By Mae Anderson, Associated Press The fighting disrupted not only fuel supplies but also the supply chains for fertilizer, food and even footwear. Continue reading
Jun 10 Watch 6:41 As Iran war drags on, spiking energy prices send inflation to 3-year high By Geoff Bennett, Jackson Hudgins Spiking energy prices sent inflation to a three-year high in May, up 4.2% annually. The Labor Department said the cost of energy was responsible for over 60% of the increase. Core inflation, which strips out volatile food and energy prices,… Continue watching
Jun 10 WATCH: Trump claims U.S. is taking 'millions of barrels' of oil out of Strait of Hormuz, calls inflation data 'great' By Associated Press The president said that U.S. forces have been removing millions of barrels of oil on a nightly basis, and he had previously “wanted to say it so badly.”… Continue reading
Jun 10 Inflation rises to a 3-year high on spiking gas prices, highlighting affordability challenges By Christopher Rugaber, Associated Press Rising gas prices pushed inflation to its highest level in three years last month, a headache for the Federal Reserve and a potential political challenge for the Trump administration as midterm elections near. Continue reading
Jun 05 U.S. job market is strong, but many Americans still frustrated by prospects and rising prices By Paul Wiseman, Anne D'Innocenzio, Associated Press With just five months to go before consequential midterm elections in the U.S., Americans have grown increasingly frustrated by rising costs, and it’s unclear if the strong job numbers this year will change their gloomy view of the economy. Continue reading
Jun 01 Trump faces a new inflation warning from the bond market, adding to his midterm challenges By Josh Boak, Associated Press The world is getting more uptight about lending money to President Donald Trump’s government. Continue reading
May 28 Key inflation gauge worsens as Americans' income and spending power erodes By Christopher Rugaber, Paul Wiseman, Associated Press A key inflation gauge accelerated in April to the highest level in three years, squeezing Americans' finances and creating political challenges for President Trump and congressional Republicans with midterm elections just five months away. Continue reading