Jan 30 Federal Reserve prepares for smaller hike, but may hint of fewer increases By Christopher Rugaber, Associated Press The Federal Reserve is poised this week to raise its benchmark interest rate for an eighth time since March. But the Fed will likely announce a smaller hike for a second straight time, and it could change some key wording… Continue reading
Jan 29 Analysis: Cost of living may be rising faster for rural Americans By Stephan Weiler, Tessa Conroy, The Conversation When the Federal Reserve convenes at the end of January 2023 to set interest rates, it will be guided by one key bit of data: the U.S. inflation rate. The problem is, that stat ignores a sizable chunk of the… Continue reading
Jan 27 U.S. inflation and consumer spending eases in December By Christopher Rugaber, Associated Press The Federal Reserve's preferred inflation gauge eased further in December, and consumer spending fell — the latest evidence that the Fed's series of interest rate hikes are slowing the economy. Continue reading
Jan 20 Biden's first 2 years in office, by the numbers By Associated Press President Joe Biden notches two years in office on Friday. That represents 730 days since his inauguration. The story of the first half of Biden's term — at least by the numbers — is a mixed bag. Continue reading
Jan 15 Watch 5:00 What you need to know about interest-free payment plans By John Yang, Claire Mufson As prices remain high from inflation, the concept of "buy now, pay later" is gaining popularity among consumers. Companies like Affirm, Afterpay and Klarna allow customers to take an item home right away and pay for it over time in… Continue watching
Jan 12 Watch 4:47 Rising prices push many Americans further into credit card debt By Geoff Bennett, Dorothy Hastings Inflation rates fell for the sixth consecutive month, but Americans are still feeling the pinch from higher than usual prices. Many have been forced to pull out their credit cards, even while interest rates on those cards are soaring. Michelle… Continue watching
Jan 12 Inflation eases across U.S., may need less action from Fed to control it By Christopher Rugaber, Associated Press Rising U.S. consumer prices 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 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