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
Oct 11 Wholesale inflation in U.S. rose 2.2 percent in September, biggest year-over-year gain since April By Paul Wiseman, Associated Press U.S. wholesale prices rose last month at the fastest pace since April, suggesting that inflationary pressures remain despite a year and a half of higher interest rates. Continue reading
Oct 09 2 Federal Reserve officials say spike in bond yields may allow central bank to leave rates alone By Christopher Rugaber, Associated Press That's because a surge in long-term interest rates has made borrowing more expensive and could help cool inflation without further action by the central bank. Continue reading
Oct 05 Average long-term U.S. mortgage rate reaches 7.49 percent, highest level in over two decades By Alex Veiga, Associated Press The cost of financing a home surged again this week, further dimming the affordability outlook for many would-be homebuyers. Continue reading
Sep 29 Watch 11:44 Brooks and Capehart on why a government shutdown could last a long time New York Times columnist David Brooks and Washington Post associate editor Jonathan Capehart join Amna Nawaz to discuss the week in politics, including the country barreling toward a government shutdown and the first hearings in House Republicans' impeachment inquiry of… Continue watching