Oct 14 Inflation worsened last month to 3.7% as midterm elections near By Christopher Rugaber, Associated Press Gas, clothes, and air fares got more expensive, evidence that rising prices remain an economic challenge just a few weeks before the midterm elections that have focused heavily on issues related to affordability. Continue reading
Oct 13 Trump's diesel deal with Putin draws bipartisan criticism from a frustrated Congress By Lisa Mascaro, Associated Press The deal is being criticized by both Republicans and Democrats as fueling Russia's war against Ukraine, violating existing U.S. laws and drawing the U.S. closer to Russia. Continue reading
Oct 12 WATCH: 2 American economists win Nobel for studying how to deal with economic shocks By Kostya Manenkov, Stefanie Dazio, Paul Wiseman, Associated Press American economists Robert E. Hall and Michael Woodford won the Nobel Memorial Prize in economics Monday for their work on models that have helped governments and central banks manage economic shocks, such as energy crises and inflation. Continue reading
Oct 01 Average long-term U.S. mortgage hits highest level in nearly 3 years By Michelle Chapman, Associated Press The benchmark 30-year fixed-rate mortgage rose to 7.28%, mortgage buyer Freddie Mac said Thursday. A year ago, the average rate was 6.34%. Continue reading
Oct 01 More swings for bond yields rattle financial markets worldwide By Stan Choe, Associated Press High yields slow the economy by making it more expensive for everyone to borrow money, while undercutting prices for stocks and other investments. Continue reading
Sep 29 Americans' opinion of economy drops to lowest level since 2014 By Matt Ott, Associated Press Americans’ confidence in the economy sank to the lowest level in more than a decade this month as prices remain elevated and wages stagnate amid the ongoing Iran war. Continue reading
Sep 28 In Mike Johnson's district, the political mood is mixed for the GOP By Lisa Mascaro, Associated Press Johnson is an ally of President Donald Trump and is in no apparent danger of securing a sixth term in Congress. But high prices, the war in Iran and the dim economic mood provide a snapshot of the grim outlook… Continue reading
Sep 25 Watch 6:34 Health care costs a major concern for voters ahead of midterms By Geoff Bennett, Karina Cuevas Health care is at the center of a political debate as millions of Americans struggle with rising costs. Enrollment in the marketplaces created by the ACA dropped this year, mainly due to the expiration of federal credits. Vice President Vance… Continue watching
Sep 24 Watch 8:42 How the diesel price spike is rippling through nearly every part of the economy By William Brangham, Jackson Hudgins A rapid surge in the price of diesel fuel is straining businesses and threatening to raise costs across the economy. It’s also putting pressure on President Trump to bring relief at the pump, including through a diesel export ban that’s… Continue watching
Sep 23 3 things to know about rising diesel prices and how they affect you By Maria Ramirez Uribe Diesel prices have reached historic highs as a result of the U.S. war in Iran and Russia’s war in Ukraine, and consumers will bear the brunt of the rising cost, experts say. Continue reading