Nov 09 Powell reinforces the Federal Reserve's cautious approach toward further interest rate hikes By Christopher Rugaber, Associated Press Federal Reserve Chair Jerome Powell suggested that the Fed is in no hurry to further raise its benchmark interest rate, given evidence that inflation pressures are continuing to ease at a gradual pace. Continue reading
Nov 08 GOP candidates come up short on inflation solutions during Miami debate By Associated Press The presidential candidates laid out their plans for tackling inflation — and came up somewhat shortchanged to address immediate cost pressures. Continue reading
Oct 31 U.S. wages rose at a solid pace this summer, posing challenge for the Federal Reserve's inflation fight By Christopher Rugaber, Associated Press Wages and benefits grew at a slightly faster pace in the July-September quarter than the previous three months, a benefit to workers that also represents a risk to the Federal Reserve's fight against inflation. Continue reading
Oct 30 Inflation adds a trick to your Halloween treat shopping By Dee-Ann Durbin, Associated Press Spooked by the high price of Halloween candy? There’s not much relief in sight. Continue reading
Oct 27 U.S. consumers keep spending even in the face of persistent inflation and high interest rates By Christopher Rugaber, Associated Press An inflation gauge that is closely monitored by the Federal Reserve showed price increases remained elevated in September amid brisk consumer spending and strong economic growth. Continue reading
Oct 25 Food insecurity shot up last year with inflation and the end of pandemic-era aid, a new report says By Ashraf Khalil, Associated Press A new Department of Agriculture report released Wednesday paints a sobering picture of post-pandemic hardship with "statistically significant" increases in food insecurity. Continue reading
Oct 19 U.S. may need slower economic growth to beat inflation, Fed chair says By Christopher S. Rugaber, Associated Press Federal Reserve Chair Jerome Powell said inflation remains too high and that bringing it down to the Fed’s target level will likely require a slower-growing economy and job market. Continue reading
Oct 12 Watch 3:40 News Wrap: Federal prosecutors charge Sen. Menendez with acting as foreign agent of Egypt In our news wrap Thursday, federal prosecutors leveled a new charge alleging Sen. Bob Menendez conspired to act as a foreign agent of Egypt, the White House denounced former Donald Trump's criticism of top Israeli officials for failing to anticipate… Continue watching
Oct 12 Social Security recipients will get over $50 more per month on average in 2024 By Fatima Hussein, Associated Press This year's 8.7 percent benefit increase was brought on by record 40-year-high inflation, which pushed up the price of consumer goods. With inflation easing, the next annual increase is markedly smaller. Continue reading
Oct 12 September's U.S. consumer inflation eased slightly as price pressures cool By Christopher Rugaber, Associated Press Still, on a month-to-month basis, prices are still rising faster than is consistent with the Fed’s 2 percent target. Continue reading