Aug 22 Watch 7:00 Powell hints at long-awaited rate cut but admits Fed in ‘challenging situation’ By Amna Nawaz, Jackson Hudgins In a closely watched speech, Fed Chair Jerome Powell gave the strongest indication yet that the central bank will cut interest rates as soon as September. With inflation ticking up and the job market cooling down, Powell said the Fed… Continue watching
Aug 22 WATCH: Powell signals Fed may cut rates soon even as inflation risks remain By Christopher Rugaber, Associated Press In a high-profile speech closely watched at the White House and on Wall Street, Powell said that there are risks of both rising unemployment and stubbornly higher inflation. Continue reading
Aug 19 Watch 7:36 The climate and market factors driving beef prices to record highs By Paul Solman, Diane Lincoln Estes Beef prices have soared to all-time highs with many families feeling the squeeze. Economics correspondent Paul Solman looks at the factors driving prices higher. Continue watching
Aug 14 U.S. producer prices surge in July as Trump tariffs push costs higher By Paul Wiseman, Associated Press The Labor Department reported Thursday that its producer price index — which measures inflation before it hits consumers — was up 0.9% last month from June and 3.3% from a year earlier. Continue reading
Aug 12 Watch 6:07 Tariff-driven inflation accelerating with ‘worst yet to come,’ AEI’s Michael Strain says By Amna Nawaz, Jackson Hudgins New inflation figures showed signs that President Trump’s tariffs are starting to have an impact on consumer prices. Overall inflation held steady, but core inflation, which is closely watched by the Fed and does not include volatile food and energy… Continue watching
Aug 12 Why economists are criticizing Trump’s nominee to oversee data on jobs and inflation By Christopher Rugaber, Josh Boak, Associated Press President Donald Trump has selected E.J. Antoni, chief economist at the conservative Heritage Foundation, to be the next commissioner at the Labor Department's Bureau of Labor Statistics. Antoni's nomination was quickly met with a cascade of criticism from other economists. Continue reading
Aug 12 U.S. inflation remained flat in July, though core prices accelerated By Christopher Rugaber, Associated Press Excluding the volatile food and energy categories, core prices rose 3.1%, up from 2.9% in June. Continue reading
Aug 07 Watch 5:44 As Trump’s tariffs kick in, economist breaks down inflation and recession warning signs By Geoff Bennett, Jackson Hudgins After months of delay and backroom dealmaking, the Trump administration has imposed sweeping tariffs on nearly 100 countries, sending U.S. import duties soaring to their highest levels in nearly a century. To help break down the impact of the new… Continue watching
Aug 04 Vast majority of U.S. adults are stressed about grocery costs, AP-NORC poll finds By Cora Lewis, Linley Sanders, Associated Press Only 14% say it's not a source of stress, underscoring the pervasive anxiety most Americans continue to feel about the cost of everyday essentials. Continue reading
Aug 01 Watch 8:32 Tariffs will help improve ‘broken global economic situation,’ economist Oren Cass says By Geoff Bennett, Jackson Hudgins President Trump announced another list of new tariffs on more than 60 countries, an unprecedented economic move that seeks to remake the global trade system. The tariffs, which range in rates from 10 to 41 percent, will take effect next… Continue watching