Mar 08 Powell says 'no decision' on the Federal Reserve's next move on interest rates By Christopher Rugaber, Associated Press Federal Reserve Chairman Jerome Powell stressed Wednesday that the central bank's policymakers have yet to decide how large an interest rate hike to impose at its next meeting in two weeks in its drive to defeat high inflation. Continue reading
Mar 07 Watch 5:02 News Wrap: Fed indicates robust economy, inflation could drive more rate hikes In our news wrap Tuesday, Federal Reserve chair Jerome Powell said high inflation and a robust economy may mean more interest rate hikes, Mexican officials confirmed two kidnapped Americans have been found dead, President Biden proposed raising taxes on those… Continue watching
Mar 07 WATCH: Fed Chair Jerome Powell says increased rate hikes may continue if economy stays strong By Christopher Rugaber, Associated Press The Federal Reserve could increase the size of its interest rate hikes and raise borrowing costs to higher levels than previously projected if evidence continues to point to a robust economy and persistently high inflation, Chair Jerome Powell told a… Continue reading
Feb 24 Watch 4:10 News Wrap: 54 dead as heavy rain devastates coastal areas in Brazil By PBS NewsHour In our news wrap Friday, the death toll from heavy rain in Brazil that devastated coastal areas has risen to 54, parts of California saw blizzard and flood warnings as a storm intensified across the western U.S., the Federal Reserve’s… Continue watching
Feb 24 Wall Street closes out on its worst week of the year By Stan Choe, Associated Press Stocks have dropped through February as reports on inflation, the job market and spending by shoppers have come in hotter than expected. Continue reading
Feb 24 Inflation gauge ticks up in January, Federal Reserve says By Paul Wiseman, Associated Press The report also showed that consumer spending rose 1.8% last month from December after falling the previous month. Continue reading
Feb 15 American consumers retail sales jump as Americans defy inflation and rate hikes By Christopher Rugaber, Associated Press America's consumers rebounded last month from a weak holiday shopping season by boosting their spending at stores and restaurants at the fastest pace in almost two years, underscoring the economy's resilience in the face of higher prices and multiple interest… Continue reading
Feb 14 Watch 4:54 News Wrap: Inflation eases in January compared to last year In our news wrap Tuesday, inflation at the consumer level eased in January from a year earlier, President Biden is naming two new economic policy advisers, U.S. senators got a classified briefing on the series of unidentified objects shot down… Continue watching
Feb 14 WATCH: White House says the number of people with medical debt fell by 8.2 million By Josh Boak, Associated Press The number of people with medical debt on their credit reports fell by 8.2 million — or 17.9 percent — between 2020 and 2022, according to a report Tuesday from the U.S. Consumer Financial Protection Bureau. Continue reading
Feb 14 WATCH: Biden warns of crisis if the debt ceiling isn't raised By Fatima Hussein, Chris Megerian, Associated Press President Joe Biden and Treasury Secretary Janet Yellen warned Tuesday of a potential economic crisis if a deal isn't reached to increase the federal debt ceiling. Continue reading