Sep 29 Higher gas prices lift Fed's preferred inflation gauge but underlying price pressures remain mild By Christopher Rugaber, Associated Press An inflation gauge closely tracked by the Federal Reserve rose in August, boosted mainly by higher gas prices. But measures of underlying inflation slowed in the latest sign that overall price pressures are still moderating. Continue reading
Sep 27 Watch 4:16 Student research project draws attention to price disparities in low-income neighborhoods A student research project in Boston is drawing attention to price disparities between grocery stores in high and low-income neighborhoods. Student journalist Sriya Tallapragada reports in this story produced during NewsHour’s Student Reporting Labs Summer Academy, where teens from around… Continue watching
Sep 26 U.S. consumer confidence falls in September as American anxiety about the future grows By Matt Ott, Associated Press The American consumer is feeling less confident this month, particularly about the future, as expectations persist that interest rates will remain elevated for an extended period. Continue reading
Sep 25 Why the job market has weathered rising interest rates, grim economic forecasts By Christopher Rugaber, Associated Press Inflation has tumbled from its peak of 9.1% in June 2022 to 3.7% on the back of the Fed’s rate hikes. Yet the unemployment rate, at a still-low 3.8%, has scarcely budged. Continue reading
Sep 20 Watch 7:50 How rising mortgage rates are increasing the cost of living for millions of Americans By Amna Nawaz, Karina Cuevas The Federal Reserve did not hike interest rates Wednesday, but many Americans are still struggling with the burden of the higher costs of borrowing. The Fed’s series of hikes over more than a year has triggered a big jump in… Continue watching
Sep 20 WATCH: Federal Reserve keeps rates unchanged but signals likelihood of another hike this year By Christopher Rugaber, Associated Press Besides forecasting another hike by year’s end, Fed officials now envision keeping rates high deep into 2024. They expect to cut interest rates just twice next year, fewer than the four rate cuts they had predicted in June. Continue reading
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