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
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