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
Jul 28 WATCH: Biden jokes that Republicans may impeach him because inflation is starting to cool By Josh Boak, Associated Press Biden — buoyed by new signs the economy is continuing on the upswing — took a swipe on Friday at House Republicans' flirtations with an impeachment inquiry, quipping that GOP lawmakers may decide to impeach him because inflation is cooling down. Continue reading
Jul 28 An inflation gauge closely tracked by the Fed falls to lowest level in 2 years By Christopher Rugaber, Associated Press A measure of consumer prices that is closely monitored by the Federal Reserve fell last month to its lowest level since March 2021, the latest sign that inflation in the United States is steadily cooling from its once-painful highs. Continue reading
Jul 27 How a 'rolling recession' or a 'richcession' could spare the rest of the economy from a downturn By Christopher Rugaber, Associated Press The latest snapshot of the economy coincides with rising sentiment that it may achieve an elusive "soft landing." Analysts point to two trends that might help stave off an economic contraction. Continue reading
Jul 26 Watch 5:32 How the Federal Reserve uses higher interest rates to tame inflation By William Brangham, Diane Lincoln Estes Interest rates are headed higher again, as the Federal Reserve resumes its fight with inflation. That effort is almost a year and a half old now. At the same time, Fed Chair Jay Powell wants to tame inflation without tipping… Continue watching