Nov 29 U.S. economic growth for last quarter is revised up to a 5.2 percent annual rate By Paul Wiseman, Associated Press Shrugging off higher interest rates, America's consumers spent enough to help drive the economy to a brisk 5.2 percent annual pace from July through September, the government said in an upgrade from its previous estimate. Continue reading
Nov 27 Consumers projected to spend around $12 billion on Cyber Monday By Haleluya Hadero, Associated Press Consumer spending for Cyber Week - the five days between Thanksgiving and Monday - provides a strong indication on how much shoppers are willing to spend during the holidays. Continue reading
Nov 27 WATCH: Biden says he's helped lower inflation during the first meeting of his new supply chain council By Josh Boak, Associated Press President Joe Biden on Monday opened the first meeting of his supply chain resilience council by warning companies against price gouging and saying that his administration was working to lower costs for U.S. families. Continue reading
Nov 22 Watch 7:01 More American families rely on food banks as high prices squeeze budgets By Fred de Sam Lazaro, Sam Lane, Christine Romo, Sam Weber There's been some good news of late when it comes to inflation. Data from the federal government last week showed inflation eased through October. And according to the Farm Bureau, the average cost of a Thanksgiving dinner actually decreased slightly… Continue watching
Nov 20 Why economists say falling inflation isn't enough to relieve stress about the U.S. economy By Christopher Rugaber, Associated Press Most Americans hold a glum view of the economy despite inflation reaching its lowest point in over two years. Many factors lie behind the disconnect, but economists increasingly point to one in particular: The lingering financial and psychological effects of… Continue reading
Nov 14 U.S. inflation cooled in October, driven lower by cheaper gas, cars and airfares By Christopher Rugaber, Associated Press Tuesday's report from the Labor Department showed that prices either fell or rose only slowly across a broad range of goods and services, including gas, new and used cars, hotel rooms and housing. Continue reading
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