Jul 30 Inflation remaining stubbornly high, U.S. economy grows sluggish 1.5% in 2nd quarter By Paul Wiseman, Associated Press Inflation remained above the central bank’s 2% target at a time when Americans are frustrated about the high cost of living ahead of the midterm elections, now less than 100 days away. Continue reading
Jul 29 WATCH: Fed chair Warsh holds news conference after leaving interest rate unchanged By Paul Wiseman, Associated Press The Federal Reserve left its key interest rate unchanged Wednesday despite persistently high inflation and a spike in energy prices caused by the Iran war. Continue reading
Jul 28 Americans' confidence in U.S. economy falls again as Iran conflict sends gas prices higher By Matt Ott, Associated Press Americans remain soured on the economy after five years of elevated inflation, potentially posing a risk to President Donald Trump and Republicans in the midterm elections. Continue reading
Jul 24 Gas, groceries and back-to-school items are where shoppers might see higher oil prices surface By Anne D'Innocenzio and Cathy Bussewitz, Mae Anderson, Associated Press Already feeling pinched since the start of the Iran war, consumers are likely to feel more pain ahead as oil prices pushed past $100 a barrel Thursday amid renewed fighting and military strikes that have left global oil supplies stranded… Continue reading
Jul 14 Watch 5:30 Inflation eased in June, but Americans still feel pressure from high prices By Liz Landers, Ryan Connelly Holmes A report shows inflation eased more than expected in June. It's welcome news for President Trump, who has made lowering prices a focus of his economic agenda. But months of higher-than-expected inflation have continued to squeeze many households and raised… Continue watching
Jul 14 Massive data center buildout poses latest inflation threat for consumers By Christopher Rugaber, Associated Press Investment in data centers has made memory chips, computer processors and other equipment, as well as electricity, more expensive. Continue reading
Jul 14 Inflation cools more than expected in June as gas costs fall and underlying prices ease By Christopher Rugaber, Associated Press Tuesday's report likely reduces pressure on the Fed to boost its short-term interest rate to combat inflation. Continue reading
Jul 08 Watch 6:55 As living costs soar, more retirees head back to work By Paul Solman, Layla Quran As the cost of living continues to rise in the United States, people are finding it more difficult to make ends meet. Older Americans are feeling it more than most. Paul Solman reports on what's forcing many retirees to unretire. Continue watching
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