inflation

Retail sales rise better-than-expected 1.2% in August

By Anne D'Innocenzio, Associated Press

The strong spending report comes as the Federal Reserve is widely expected to lift its short-term interest rate Wednesday for the first time in three years to fight stubbornly high inflation.

U.S. diesel prices soar past $6 a gallon, deepening strain for hauling everyday goods

By Wyatte Grantham-Philips, Associated Press

Diesel prices in the U.S. hit yet another record on Friday, soaring past $6 a gallon on average as Washington’s war with Iran disrupts the world’s flow of fuel.

U.S. inflation accelerated last month as gas prices spiked, squeezing Americans' finances

U.S. inflation accelerated last month as gas prices spiked in the wake of renewed fighting in the Middle East, underscoring the affordability challenges that are top of mind for many voters with midterm elections now just seven weeks away.

Trump keeps heralding an economic boom, but even a solid jobs report is causing problems for him

By Josh Boak, Associated Press

President Donald Trump has spent 20 months promising that America was on the cusp of an economic boom. But Friday's surprisingly positive jobs report ultimately provoked frustration from Trump.

U.S. diesel prices hit a record high, pushing up transportation costs for a long list of goods

By Wyatte Grantham-Philips, Associated Press

Diesel hit a record price in the U.S. on Friday, soaring to an average of $5.85 a gallon for the first time as the six-month war with Iran disrupts the world’s flow of fuel.

8 questions GOP lawmakers face as the House returns

By Lisa Desjardins

Republicans face a torrent of questions about the words and actions President Donald Trump has unleashed while they’ve been gone.

Warsh raises stakes for Fed's next meeting, and other takeaways from Jackson Hole conference

By Christopher Rugaber, Associated Press

Warsh's high-profile speech at the Fed's annual Jackson Hole economic conference was mostly praised afterward by economists and other Fed policymakers in attendance. Still, there was also some pushback and criticism during the first day of the conference.

Fed Chair Warsh not ruling out interest rate hike amid inflation concerns

By Amna Nawaz, Karina Cuevas, Amalia Huot-Marchand

Federal Reserve Chair Kevin Warsh said there is still work to do on inflation. At the Fed’s annual economic symposium in Jackson Hole, Wyoming, Warsh also said that although he is not committed to a rate hike, he is not…

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With gas stuck above $4, U.S. consumer confidence falls to lowest level in 7 months

By Matt Ott, Associated Press

The Conference Board said Tuesday that its consumer confidence index dipped to 89.4 in August from 90.2 in July.

Prices soar as Gaza smuggling booms. Officials, soldiers and middlemen are accused of cashing in

By Samy Magdy, Associated Press

Everything from iPhones and solar panels to fuel and anesthetics are also brought into the tiny coastal territory illegally. Israel restricts quantities of some goods and bans others outright.