Aug 08 U.S. inflation on the downhill, but the Fed has long way to go to hit target rate By Christopher Rugaber, Associated Press The stickiness of inflation could endanger the possibility that the Fed will achieve a rare “soft landing” — a scenario in which it manages to slow inflation down to its target level through higher interest rates without derailing the economy. Continue reading
Aug 03 Weekly applications for U.S. unemployment benefits tick up from 5-month low By Associated Press Thursday's report comes just a day before the July jobs report will be released, which will provide a broader and more detailed look at the labor market and economy. Continue reading
Jul 28 Watch 3:45 News Wrap: Nearly 200 million Americans face extreme heat, severe weather In our news wrap Friday, nearly 200 million Americans spent another day under heat advisories and severe weather warnings, new economic numbers show inflation in the U.S. is easing, soldiers in Niger declared a general the new head of state… Continue watching
Jul 28 WATCH: Biden jokes that Republicans may impeach him because inflation is starting to cool By Josh Boak, Associated Press Biden — buoyed by new signs the economy is continuing on the upswing — took a swipe on Friday at House Republicans' flirtations with an impeachment inquiry, quipping that GOP lawmakers may decide to impeach him because inflation is cooling down. Continue reading
Jul 28 An inflation gauge closely tracked by the Fed falls to lowest level in 2 years By Christopher Rugaber, Associated Press A measure of consumer prices that is closely monitored by the Federal Reserve fell last month to its lowest level since March 2021, the latest sign that inflation in the United States is steadily cooling from its once-painful highs. Continue reading
Jul 27 How a ‘rolling recession’ or a ‘richcession’ could spare the rest of the economy from a downturn By Christopher Rugaber, Associated Press The latest snapshot of the economy coincides with rising sentiment that it may achieve an elusive "soft landing." Analysts point to two trends that might help stave off an economic contraction. Continue reading
Jul 26 Watch 5:32 How the Federal Reserve uses higher interest rates to tame inflation By William Brangham, Diane Lincoln Estes Interest rates are headed higher again, as the Federal Reserve resumes its fight with inflation. That effort is almost a year and a half old now. At the same time, Fed Chair Jay Powell wants to tame inflation without tipping… Continue watching
Jul 25 U.S. consumer confidence jumps to a two-year high as inflation eases By Paul Wiseman, Associated Press The index measures both Americans' assessment of current economic conditions and their outlook for the next six months. Both improved in July. Continue reading
Jul 24 Federal Reserve officials meet as central bank aims for ‘soft landing’ By Christopher Rugaber, Associated Press After the Fed began aggressively raising borrowing costs early last year, most economists predicted it would send the economy crashing. Yet even though the Fed is poised to raise its key rate on Wednesday for the 11th time since March… Continue reading
Jul 12 Watch 4:24 News Wrap: Inflation falls to lowest level since early 2021 In our news wrap Wednesday, inflation cooled in June to its lowest level since early 2021, cleanup crews plowed through sludge in Montpelier, Vermont, after flood waters receded, heat alerts were issued as forecasts called for the Southwest to break… Continue watching