Sep 25 Watch 6:34 Health care costs a major concern for voters ahead of midterms By Geoff Bennett, Karina Cuevas Health care is at the center of a political debate as millions of Americans struggle with rising costs. Enrollment in the marketplaces created by the ACA dropped this year, mainly due to the expiration of federal credits. Vice President Vance… Continue watching
Sep 24 Watch 8:42 How the diesel price spike is rippling through nearly every part of the economy By William Brangham, Jackson Hudgins A rapid surge in the price of diesel fuel is straining businesses and threatening to raise costs across the economy. It’s also putting pressure on President Trump to bring relief at the pump, including through a diesel export ban that’s… Continue watching
Sep 23 3 things to know about rising diesel prices and how they affect you By Maria Ramirez Uribe Diesel prices have reached historic highs as a result of the U.S. war in Iran and Russia’s war in Ukraine, and consumers will bear the brunt of the rising cost, experts say. Continue reading
Sep 21 Fighting inflation likely to be 'painful,' Chicago Fed president says By Christopher Rugaber, Associated Press A top Federal Reserve official said Monday that the central bank may have to cause economic pain in the form of higher unemployment to combat stubbornly high inflation. Continue reading
Sep 20 Federal Reserve rate hike reflects new world of sticky inflation and faster growth By Christopher Rugaber, Associated Press The low interest-rate, low-inflation world that lasted for nearly 15 years after the Great Recession is over and a higher-priced, higher-rate world is taking its place. Continue reading
Sep 16 Watch 6:54 Interest rate hike a 'reassuring' sign Fed is acting independently, economist says By Geoff Bennett, Courtney Norris The Federal Reserve raised interest rates by a quarter of a point, the first hike in three years. It comes as the war in Iran continues to put pressure on prices and is the first major move by Fed Chair… Continue watching
Sep 16 Retail sales rise better-than-expected 1.2% in August By Anne D'Innocenzio, Associated Press The strong spending report comes as the Federal Reserve is widely expected to lift its short-term interest rate Wednesday for the first time in three years to fight stubbornly high inflation. Continue reading
Sep 11 U.S. diesel prices soar past $6 a gallon, deepening strain for hauling everyday goods By Wyatte Grantham-Philips, Associated Press Diesel prices in the U.S. hit yet another record on Friday, soaring past $6 a gallon on average as Washington’s war with Iran disrupts the world’s flow of fuel. Continue reading
Sep 11 U.S. inflation accelerated last month as gas prices spiked, squeezing Americans' finances U.S. inflation accelerated last month as gas prices spiked in the wake of renewed fighting in the Middle East, underscoring the affordability challenges that are top of mind for many voters with midterm elections now just seven weeks away. Continue reading
Sep 07 Trump keeps heralding an economic boom, but even a solid jobs report is causing problems for him By Josh Boak, Associated Press President Donald Trump has spent 20 months promising that America was on the cusp of an economic boom. But Friday's surprisingly positive jobs report ultimately provoked frustration from Trump. Continue reading