Jan 12 WATCH: Biden addresses new inflation report, classified documents found at home By Zeke Miller, Mike Balsamo, Associated Press The president told reporters at the White House that he is “cooperating fully and completely” with a Justice Department investigation into how classified information and government records made their way to his home and the office of his former institute… Continue reading
Jan 12 U.S. inflation eased again to 6.5 percent, raises hope of less action by Federal Reserve By Christopher Rugaber, Associated Press Rising consumer prices in the United States moderated again last month, bolstering hopes that inflation's grip on the economy will continue to ease this year and possibly require less drastic action by the Federal Reserve to control it. Continue reading
Jan 11 Report warns the cost-of-living crisis may overshadow climate change By Kelvin Chan, Associated Press A report by the World Economic Forum says climate change is the global economy's biggest long-term challenge but one the world is least prepared to tackle because of short-term problems led by a cost-of-living crisis. Continue reading
Jan 06 European inflation slows but cost of living remains high By Kelvin Chan, Associated Press Europe ended a bad year for inflation with some relief as price gains eased again. While the cost of living is still painfully high, the slowdown is a sign that the worst might be over for weary consumers. Continue reading
Jan 06 December unemployment falls slightly to 3.5 percent, tied for a 50-year low By Christopher Rugaber, Associated Press America's employers added a solid 223,000 jobs in December, evidence that the economy remains healthy even as the Federal Reserve is rapidly raising interest rates to try to slow economic growth and the pace of hiring. Continue reading
Jan 05 U.S. jobless claim applications fall to lowest in 14 weeks By Matt Ott, Associated Press The number of Americans applying for jobless benefits fell to the lowest level in more than three months last week, reflecting a still-robust job market despite the Federal Reserve's efforts to cool the economy and bring down decades-high inflation. Continue reading
Jan 04 Officials cited strong hiring to justify raising interest rates, Fed minutes reveal By Christopher Rugaber, Associated Press Federal Reserve officials suggested at their most recent meeting that a continuing streak of robust hiring could keep inflation elevated and was a key reason why they expected to raise interest rates this year more than they had previously forecast. Continue reading
Jan 04 UK Prime Minister Rishi Sunak vows to halve inflation, tackle illegal immigration By Sylvia Hui, Associated Press British Prime Minister Rishi Sunak, in his first major speech of 2023, has pledged to halve inflation, grow the U.K. economy and stop illegal immigration. Continue reading
Dec 29 Applications for unemployment benefits see small rise, indicating strength of economy By Christopher Rugaber, Associated Press The number of people seeking unemployment benefits rose modestly last week, the latest sign that the labor market remains strong despite the Federal Reserve's efforts to cool the economy and hiring. Continue reading
Dec 26 Holiday sales rose 7.6 percent despite inflation By Associated Press Holiday sales rose as American spending remained resilient during the critical shopping season despite surging prices on everything from food to rent, according to one measure. Continue reading