Sep 13 Watch 5:28 News Wrap: Higher gasoline prices pushed inflation up in August In our news wrap Wednesday, inflation rose again in August fueled by higher gasoline prices, a federal judge ordered former President Trump's lawyers to use a secure facility to review evidence in his classified documents case, Sen. Mitt Romney will… Continue watching
Sep 13 August inflation rises due to higher gas prices, yet underlying core measures cooled By Christopher Rugaber, Associated Press Excluding the volatile food and energy categories, so-called core prices rose 4.3 percent, down from 4.7 percent in July and the smallest increase in nearly two years. Continue reading
Aug 31 Important inflation tracker shows small increase in sign of slowing prices By Christopher Rugaber, Associated Press An inflation gauge closely tracked by the Federal Reserve remained low last month, adding to signs of cooling price increases and raising the likelihood that the Fed will leave interest rates unchanged when it next meets in late September. Continue reading
Aug 17 Average long-term U.S. mortgage rate climbs to 7.09 percent this week, highest level in over 20 years By Alex Veiga, Matt Ott, Associated Press Sharply higher rates are contributing to a dearth of available homes, as homeowners who locked into lower borrowing costs two years ago are now reluctant to sell and jump into a higher rate on a new property. Continue reading
Aug 17 Biden's approval rating on the economy stagnates despite slowing inflation, AP-NORC poll finds By Josh Boak, Emily Swanson, Associated Press Only 36 percent of U.S. adults approve of Biden's handling of the economy, slightly lower than the 42 percent who approve of his overall performance. Continue reading
Aug 16 Inflation is down, but the Inflation Reduction Act likely doesn't deserve the credit By Josh Boak, Paul Wiseman, Associated Press Price increases have indeed cooled over the past year, with the inflation rate dropping from 9 percent to 3.2 percent. But economists say little to none of the drop came from the law. Continue reading
Aug 10 U.S. inflation ticks up for the first time in a year to 3.2 percent rate, but core inflation remains low By Paul Wiseman, Associated Press The July inflation figure remained far below last year's peak of 9.1 percent, though still above the Federal Reserve's 2 percent target. Continue reading
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